Harvard will divest itself from holdings in fossil fuels, the university’s president, Lawrence Bacow, announced late on Thursday. The university has legacy investments in a number of private equity funds with holdings in the fossil fuel industry. Those indirect...
The sale of historic insurer LV to private equity has been blasted by MPs amid warnings customers will lose out. The mutual, formerly known as Liverpool Victoria, last year agreed to a £530million takeover by Bain Capital, snubbing an approach from the UK’s...
TPG’s growth-equity group has wasted little time investing its fifth fund, after quietly wrapping up fundraising for the vehicle in mid-August with almost $3.56bn. The firm has deployed nearly half of TPG Growth V LP, according to people familiar with the matter. Join...
U.S. private equity firm Carlyle is reviving plans to sell Netherlands-based lingerie chain Hunkemoller that were delayed by the pandemic, two people close to the matter told Reuters, in a deal that could top $1.2bn. Hunkemoller, which runs 850 stores around Europe,...
The New York-based private equity giant Blackstone Group Inc. has officially ended its bid to purchase office developer Soho China Ltd., according to a joint exchange filing by the two companies on Friday. The two property giants attributed the outcome to “the lack of... 