BlackRock now manages more than $10 trillion in assets

BlackRock now manages more than $10 trillion in assets

The stock market boom has created an insatiable appetite for exchange-traded funds, which make it easy for traders to invest in many of the world’s top companies all at once. That’s great news for BlackRock, the world’s largest money manager....
Altura Banks $110m So Far to Back Businesses With Diverse Leaders

Altura Banks $110m So Far to Back Businesses With Diverse Leaders

Altura Capital has rounded up $110m so far for two new impact investment funds focused on companies with diverse leadership in U.S. communities less trafficked by private-equity firms, according to people familiar with the effort. The capital raised so far puts the...
Welsh Carson Targets $5bn for New Buyout Fund

Welsh Carson Targets $5bn for New Buyout Fund

Welsh Carson Anderson & Stowe is back on the fundraising trail with a goal of collecting at least $5bn to invest in healthcare and technology companies, Connecticut Retirement Plans and Trust Funds documents show. The firm hasn’t set an upper limit for the latest...
Goldman Sachs’ Petershill nears deal for Arsenal Capital stake

Goldman Sachs’ Petershill nears deal for Arsenal Capital stake

Petershill Partners, the London-listed subsidiary of Goldman Sachs’s asset management division, is nearing a deal to acquire a stake in private equity firm Arsenal Capital Partners, people familiar with the matter said. Petershill, which acquires minority stakes in...
Asset manager Pimco joins song copyright investment frenzy

Asset manager Pimco joins song copyright investment frenzy

The US asset manager Pimco has teamed up with BMG to acquire music catalogues, according to people familiar with the matter, the latest large investor to wade into the frenzy for song copyrights. BMG, one of the world’s largest music companies, last year agreed a...