Moody’s Investors Service has cut the corporate family rating of United Site Services Inc. to B1 from Ba3, downgraded its first lien revolving credit facility to B1 from Ba3 and downgraded its second lien term loan to Caa1 from B3. USS is a Westborough, Mass.-based renter of on-site event services like portable restrooms, temporary fencing. It has been owned by DLJ Merchant Banking Partners since 2006.
PRESS RELEASE

Fritz Thomas has joined Oak Hill Advisors as a New York-based managing director, where he will lead the firm’s business development and client coverage activities. He previously was a managing director with Deutsche Bank, where he led global distribution for CLOs and other alternative investment products.
 

LONDON (Reuters) - Private equity firm Antin Infrastructure Partners said on Wednesday it hopes its fundraising efforts will raise more than 600 million euros ($757 million) by the end of the first quarter of 2009.
Speaking to Reuters on the sidelines of a presentation, managing partner Mark Crosbie said the European fund had made contact with potential “friends and family” investors - institutions close to Antin’s sponsor, French bank BNP Paribas (BNPP.PA).

LONDON (Reuters) - Britain’s second-largest pension scheme is mulling a sharp boost in alternative assets such as private equity and commodities and plans to more than double the size of its investment team covering the sector.
The Universities Superannuation Scheme (USS) Chief Investment Officer Peter Moon said the scheme already has 8 percent of its portfolio in alternative investments and has committed another 16 percent. It could boost exposure to as much as 30 percent in the medium term against a previously stated target of 20 percent, he said.

It’s that time of year, when young MBA candidates’ thoughts turn to flights of summer internships. So let’s help them out, through our 6th Annual Internship Rodeo.
Today I am asking private equity firms to contact me via email if you’re looking for a summer intern from the current crop of first-year MBA candidates. All types of firms need apply — VC, LBO, I-banks, Mezzanine, Consulting, Funds-of-Funds, etc. Ditto for geography.