KPMG expands into private equity - papers 25th July

According to the paper, Yves Courtois, a senior manager at KPMG in Luxembourg, said the firm had begun to act as an intermediary between private equity firms, hedge funds and institutional investors about six months ago. Courtois told The Times clients for his team of 20 staff in Luxembourg included institutional investors such as pension funds, private equity companies and hedge funds. He said that a typical customer would be a niche player, such as a £134m fund investing in mezzanine debt, the mid- level debt sold to traders in leveraged buyouts. But Courtois added KPMG must observe...