Apollo's Antoine Munfakh warns of a sharper divide in private equity returns due to delayed exits and aggressive valuations, with a $4 trillion backlog of unsold assets. He notes that AI's impact on the software sector, where private markets have heavily invested, poses a systemic risk.
Eli Manning's private equity firm, Brand Velocity Group, is acquiring RCX Sports, which manages licenses for major youth sports programs like NFL Flag. The deal faces opposition from some lawmakers concerned about private equity's role in youth sports.
Eli Manning's private equity firm, Brand Velocity Group, is acquiring RCX Sports, which manages licenses for major youth sports programs like NFL Flag. The deal faces political opposition with a bill aiming to ban private equity from youth sports.
Swiss private markets firm Partners Group is prepared to restrict investor withdrawals across more of its funds due to a surge in exit requests, following a cap on redemptions in one European vehicle. The company warned of increasing volatility in evergreen funds and potential impacts on private equity.
KKR, Blackstone, and other private equity firms saw their shares drop premarket Wednesday after Switzerland's Partners Group restricted investor withdrawals from its Global Value fund due to redemption requests exceeding 9.8%. This move signals growing concerns over liquidity and asset quality in private markets.
Joel Thickins, co-head of TPG Asia, is accused of crashing his BMW into five cars in Sydney's east and refusing two alcohol breath tests. He is due to appear in court on June 30.
Bernie Sanders and Elizabeth Warren urged the Labor Department to drop a proposal that would make it easier to offer crypto and other alternative assets in 401(k) plans, arguing it weakens fiduciary standards and could benefit Donald Trump and his family.
Democrats, led by Bernie Sanders and Elizabeth Warren, are strongly opposing a US Department of Labor proposal to allow 401(k) investments in cryptocurrency and private assets, citing risks to workers' retirement savings and potential conflicts of interest related to Donald Trump.
Blackstone has successfully raised its largest Asia private equity fund, securing $13.1 billion, surpassing its $10 billion target and previous fund's collection. The asset manager highlights the Asia Pacific region's growth potential, with over $50 billion invested in India.
Blackstone has successfully raised $13.1 billion for its latest Asia private equity fund, surpassing its $10 billion target and marking its largest PE fundraise in the region. The fund will focus on high-conviction investment themes in the fast-growing Asia Pacific market.
Graham Platner, a Democratic Senate candidate, aired a critical ad during a Boston Red Sox game blaming private equity for the team's decline, only for it to be pulled midway due to alleged intellectual property violations.
Hong Kong's Templewater is targeting real estate, energy, and healthcare in Central Asia, aiming to connect Middle Eastern capital with the region. Chairman Cliff Zhang highlighted the need for investment diversification away from Western markets due to geopolitical volatility.
Private equity funds are injecting nearly $1 billion into Kerala's healthcare, acquiring stakes in hospitals. This influx, driven by rising chronic illnesses and an aging population, intensifies competition for independent, doctor-run facilities, raising concerns about rising medical costs and access to care.
Hausärzte in Bayern schlagen Alarm: Private-Equity-Investoren kaufen zunehmend Praxen auf und fokussieren sich auf lukrative Leistungen, was die Grundversorgung gefährdet. Eine Studie zeigt, dass diese MVZs weniger hausärztliche Leistungen erbringen und Patienten oft eine zweite Meinung benötigen.
Modella, owner of WH Smith's former high street chain (now TG Jones), plans to close up to 60 Post Offices within its stores as part of a restructuring, citing weak consumer spending and rising costs, sparking fears of 'postal deserts' and thousands of job losses.
Brendan Ballou discusses his book on the rise of forced arbitration, a system where consumers and employees are funneled into private justice systems, often preventing them from seeking redress in court. This practice, embedded in terms of service agreements, heavily favors corporations.
Intertek, a FTSE 100 laboratory testing company, agrees to a £10.6bn takeover by EQT, a Swedish private equity firm, after rejecting three previous bids; the deal is subject to shareholder approval and preconditions.
Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to comeBuzzFeed, the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded wave of interest in websites that generated massive amounts of online traffic in the 2010s, has finally changed hands for $120m.On Monday, the company announced that a controlling stake in the company has been sold to media entrepreneur Byron Allen. Allen, who often makes large, sometimes unsolicited bids for media companies, is also an on-screen personality in addition to controlling his Allen Media Group conglomerate, which owns networks including The Weather Channel. Allen’s show, Comics Unleashed, will replace the Late Show with Stephen Colbert on CBS’s schedule starting later this month. Continue reading...
Government has opened highway project bids to venture capital, private equity, infrastructure, and pension funds, a significant policy change. This move aims to attract substantial private investment by allowing these financially robust entities to partner with experienced construction firms.
Article about second-tier rugby club last December piqued interest of American private equity firm “I think my family already thought I was crazy so this is nothing new,” says Kenn Moritz from his home office in faraway Pittsburgh. The Moritz family may have a point. Given all those baseball, football, ice hockey and basketball franchises in the United States, why opt instead to invest in a second-tier English rugby club in Cornwall that almost folded less than two years ago?The catalyst turns out, ahem, to have been your correspondent’s article about the Cornish Pirates in the Guardian last December. Moritz was sitting where he is now, trawling through his trusted worldwide news sources when he stumbled across the Pirates’ quest for fresh investment. Somewhere inside him a light flicked on. “Without that article I wouldn’t have called,” says Moritz, the president of the private equity firm Stonewood Capital. “It gave me an insight into what was going on in English rugby and piqued my interest.” Continue reading...
Stonewood take minority stake in Champ clubPirates officials call it a ‘landmark’ dealCornish Pirates have stolen a march on some bigger sides in the Prem by becoming the first English rugby union club to complete a significant deal with wealthy American-based backers. The Champ club have joined forces with the Pittsburgh-based private equity firm Stonewood Capital with the aim of revitalising the prospects of the Penzance side.The long-term arrangement would give Stonewood a substantial minority stake in the club for what is understood to be an initial seven-figure sum. Pirates officials are calling it a “landmark” deal and a “major milestone in the club’s evolution”. Continue reading...
El ‘private equity’ acaba de distribuir el libro en una operación asesorada por Greenhill. El líder en la industria española del capital riesgo compró el 80% de la firma por 120 millones hace cinco años
A video by Neelam Tailor explaining how private equity firms have acquired and transformed everyday businesses like restaurants, retailers, vets, and care homes over decades. The model prioritizes quick financial returns over long-term business sustainability, leading to smaller portions, higher prices, and reduced service quality.
SEOUL, April 27 (Yonhap) -- U.S. private equity firm The Carlyle Group has acqui...
