Blackstone said it had secured a $4bn investment from the University of California in its unlisted real estate income trust (BREIT) that has been plagued by investor redemptions, after the private equity firm committed $1bn to backstop the university’s returns...
M33 Growth, a venture and growth stage investment firm, closed a $340m third fund in December, exceeding its target after a quick fundraise. Investors included some of the nation’s leading endowments, philanthropic foundations, and family offices. This fund...
Dealmaking is set to rebound in the latter stages of this year as stored up “dry powder” and steadier markets fuel a wave of take-private deals, City of London bankers have predicted. Mergers and acquisitions (M&A) activity slumped last year as historic turbulence...
The Louisiana State Employees’ Retirement System (LASERS) has committed up to $125m to GTCR Fund XIV, a buyout fund managed by GTCR, a Chicago-based private equity firm focused on the business & consumer services, financial services & technology,...
IFF has agreed to sell its Savory Solutions Group to PAI Partners, a global private equity firm with a strong focus on the food and consumer industry. The transaction, detailed at the end of last year, values the business at approximately US$900 million, and cash... 