Jim Barry is in fighting spirits even as the ferocious market rebound drains his pool of cheap investible assets. The chief investment officer at BlackRock Inc.’s alternative investment unit is looking to deploy some of his $23 billion cash war chest on...
In a controversial move, the Trump administration has granted PE firms access to $5.6 trillion in pension money. President Trump continued his four-year endeavour to shake up American systems by making private equity funds eligible for investment by 401(k)...
In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported....
The mountain of cash held by private equity firms is turning out to be a mirage for companies they own that are struggling due to the coronavirus pandemic. The buyout industry has spent years building up its dry powder, or money that investors have committed to...
The Labor Department gave the green light for defined contribution plan sponsors to incorporate certain private equity strategies into their investment options, such as target-date, target-risk or balanced funds, so long as a prudent fiduciary process is undertaken.... 