Private-equity firm The Carlyle Group said on Tuesday that its co-CEO Glenn Youngkin has decided to step down in September after 25 years with the firm. Kewsong Lee, who currently serves alongside Youngkin as co-CEO, will take over responsibilities as the solo chief...
Private credit fundraising returned to popularity in the first half of the year as the coronavirus pandemic gave distressed debt investors hope that a window of bargain hunting might be opening. The lull in demand for distressed debt, caused by low interest rates and...
More than half of family offices globally rebalanced their portfolios in March, April and May to manage risk from the market sell-off, according to Swiss bank UBS. Family offices largely stuck to their long term strategic asset allocation, but also made tactical...
The Fund & LPs: New York City-based asset management firm, Riverstone Holdings LLC (Riverstone), has raised USD 988.5mn in total capital commitments for its private equity fund, Riverstone Echo Continuation Fund LP (the Fund), according to its filing with the SEC,...
Before the global financial crisis, hedge funds were supposedly the masters of the universe. They amassed countless tens of billions in assets under management, enjoying juicy fees of around 2% a year plus 20% of the upside. Flash forward to last year, before... 