The value of all companies going public on US exchanges has passed a record $1 trillion this year across 981 deals, after Rivian’s upsized IPO added nearly $56bn in exit value, according to PitchBook data. Electric truck maker Rivian, whose stock rose 29% to...
Private markets investment firm HPS Investment Partners, which spun out of J.P. Morgan Asset Management in 2016, is pitching a new junior debt fund to investors, weeks after collecting $11.7bn for a separate fund focused on specialty loans. The New York-based firm’s...
Asset management giant Abrdn has confirmed it is in talks to buy stock-picking platform Interactive Investor. It comes after weekend reports that the FTSE 100 group, which renamed from Standard Life Aberdeen earlier this year, was finalising a deal worth £1.5 billion....
The European Investment Bank and Allianz Global Investors said on Monday they plan to raise $577.55m for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action Fund (EMCAF), a fund-of-funds, is the...
Cyber security firm McAfee on Monday said a consortium led by private equity firms Advent International and Permira would take it private in a deal worth $14bn. The investor group will buy all outstanding McAfee shares for $26 each in an all-cash deal that values... 