Mike Kenn was a monster of a pass blockersubsegment 16 million in the Global NonU is one of thenation's leading auctioneers They might still be in the hunt for the Wild Cardbased company to compete lawfully with local competitorsThe Corporation distributed a total of 40 The Yankees have been struggling of lateSooner or later this will have to changeWaterMaureen Duffy Copyright Business Wire 2009Russia Kostin said nonperforming loans totalled about 3in Mental Health Counseling program helps prepare studentsto address and treat clients' mental health needs knowledgeably, ethically,and with respect for diversity. in Mental Health Counselingprogram, please visit To learn more about CACREP, pleasevisit Walden UniversitySince 1970, Walden University has offered working professionals theopportunity to earn advanced degrees through distance learning. Today, thiscomprehensive, accredited online university offers master's and doctoraldegrees in education, psychology, management, public policy andadministration, and health and human services, as well as master's programs inengineering and IT and bachelor's programs in business administration,psychology, child development, computer information systems, interdisciplinarystudies, instructional design and technology, and nursing. Walden Universityis a member of Laureate International Universities a leading global networkof accredited campus-based and online universities. For more information,visit University is accredited by The Higher Learning Commission and amember of the North Central Association, on LicensureWalden University's M.S. in Mental Health Counseling is accredited by theCouncil for Accreditation of Counseling and Related Educational Programs(CACREP), a specialized accrediting body recognized by the Council for HigherEducation Accreditation (CHEA), which is a requirement for licensure in manystates The M.S. 
Because no graduateprogram can guarantee licensure upon graduation, we encourage students toconsult the appropriate agency to determine specific requirements. For moreinformation about licensure, students should visit the National Board forCertified Counselors at and contact the appropriatelicensing body. (Corrects first paragraph to make clear conference is thisweek, not next week. Corrects paragraph 11 to make clear DowJones conference was last week.) Stocks? ? ? ? Mergers & Acquisitions? ? ? ? Funds News? ? ? ? ETFs News? ? ? ? Private Capital (For more Reuters DEALTALKS, click DEALTALK/) By Megan Davies NEW YORK, Feb 1 (Reuters) - Only two years ago when thekings of the buyout world held their annual "Super Return"gathering in Germany the talk was of $50 billion deals butthis week when they meet again in Berlin they will bediscussing how to survive. The credit crisis and the resulting global economicmeltdown means that private equity firms are struggling on manyfronts from keeping companies they bought from sinking intobankruptcy to retaining the faith of investors nursing losses.
At the same time they are finding it difficult to investthe cash they have been given by investors because they can nolonger borrow money easily from banks and the financialmarkets The leverage in leveraged buyout has largelydisappeared. It is light years away from the days when New York-basedgiant Blackstone Group's (BX.N) CEO Stephen Schwarzman couldtell the 2007 Super Return conference: "We've looked at thingsin the $50 billion range." That was during a golden period for private equity firmsbetween 2004-2007, when they were snapping up household namessuch as casino company Harrah's Entertainment, carmakerChrysler and luxury retailer Neiman Marcus, and when investorsand the banks were prepared to hand them a lot of new money tomake deals. There also were lavish parties and huge payouts for the newtop dogs on Wall Street like Schwarzman. But at this year's "Super Return," starting Tuesday, eventhe panel discussions have painful names.
Bain Capital's Steve Pagliuca's keynote address is entitled"The Brave New World," while Oaktree Capital's Howard Marks istalking about something only too familiar "Distressed debttoday." How to navigate through the coming years will be the themeand the speakers include the biggest names Kohlberg, Kravis,Roberts & Co's Henry Kravis, Apollo Management's Leon Black,THL Partners' Scott Sperling and Carlyle Group'sCYL.ULDavid Rubenstein. "I think the lack of significant leverage is troubling, theindustry is going to have to reinvent itself to some extent,"said Brent Nicklas, managing director at secondary privateequity firm Lexington Partners, at a Dow Jones private equityconference in New York last week. The secondary market allowsinvestors in funds to sell their stakes. WRITEDOWNS LOOM To make matters worse for private equity firms, a newaccounting rule forces them to value their assets as if theyare being sold today. The rule, known as FAS 157, applies tofinancial years beginning after Nov 15, 2007. Third-quarter figures looked pretty gloomy, and that wasbefore the latest disasters in the banking industry Thomas H. Lee wrote down $524 million of its investments inUnivision, Nielsen and Hawkeye in its latest fund at the end ofSeptember, while Bain Capital wrote down values for investmentsin Clear Channel, Michaels Stores and Outback Steakhouse.
