BlackRock Scales Back Private-Equity Fund Ambitions

BlackRock Scales Back Private-Equity Fund Ambitions

BlackRock planned to shake up the private-equity world with a $12 billion fund. Now the asset-management giant is setting its sights lower. BlackRock’s staffers conceded the target was unrealistic after struggling to meet fundraising goals. The firm’s staffers hope to...
Priory rehab clinics sold to PE-firm Waterland for £1.1bn

Priory rehab clinics sold to PE-firm Waterland for £1.1bn

The Priory rehabilitation clinic, favoured by celebrities trying to achieve sobriety or tranquillity, has been sold to a private equity firm for £1.08bn to create one of the world’s largest private mental health services providers. The famous Roehampton clinic in...