Growth investment major General Atlantic has held a $7.8bn final close for its sixth flagship fund, beating its $5bn target. The firm now has $23.8bn in committed capital and more than $78bn in assets under management. Bill Ford, chairman and CEO of General Atlantic,...
Goldman is set to plow at least $30 billion into Asian alternative assets over the next five years after revamping its operations and starting an aggressive campaign to raise outside funds in a bid to overtake investment giants such as KKR & Co. and Blackstone....
A company backed by Blackstone Group and led by former Walt Disney executives Kevin Mayer and Tom Staggs is nearing a deal to buy Moonbug Entertainment for roughly $3bn, three people familiar with the matter said. The deal for the media house behind children’s...
Franklin Templeton agreed on Monday to buy investment firm Lexington Partners, which is known for acquiring secondary stakes in private equity funds, for $1.75bn in cash. Several investment firms have purchased secondaries businesses in recent months to tap into the...
Apollo Global Management, KKR, Carlyle Group and Blackstone Group have enjoyed record earnings selling off assets in a hot market. Together they handed back $45bn to investors last quarter. Rising markets have fueled the industry’s frenzied pace. Exits by private... 