Missouri has pulled $500m out of pension funds managed by BlackRock, state Treasurer Scott Fitzpatrick said on Tuesday, accusing the asset manager of “prioritizing” environmental, social and governance (ESG) over shareholder returns. Several Republican-led...
Sweden-based private equity firm EQT has a near-record number of Japanese deals in the pipeline despite market turbulence, executives said, helped by the country’s relatively stable financing environment and a flow of corporate shake-ups. EQT’s robust deal-making...
EQT and Tillman Infrastructure are vying to buy Brookfield’s 45% stake in French towers firm TDF – a business worth about $6.8bn excluding debt. The two investment firms are carrying out due diligence on the company and are expected to submit rival bids in...
Steve Ballmer, billionaire owner of the L.A. Clippers NBA team and former CEO of Microsoft, has been a major philanthropist for years. Now he’s investing $400m to support Black-owned businesses. Ballmer, along with wife Connie Ballmer, will partner with established...
Doral Renewables has entered into an agreement to sell up to $500m of convertible notes to funds managed by Apollo affiliates and Migdal Insurance, a leading Israeli insurance and pension company. The Notes are convertible to common equity interests in the company at... 