AlpInvest Partners has raised $9 billion for its latest fund to focus on buying stakes in existing private equity investments. That’s the largest amount raised yet by the Carlyle Group Inc.-owned money manager, which has more than $49 billion of assets. The firm...
UBS is selling its domestic Austrian wealth management business to Liechenstein-based private bank LGT, the Swiss banking giant said on Wednesday. Terms were not disclosed for selling the business, which has just under 5 billion euros ($6.09 billion) in managed assets...
Some of the world’s biggest private equity firms, including Blackstone Group, Silver Lake Partners and Thoma Bravo, own major stakes in the software firms whose shares dived on news that they were breached by suspected Russian hackers. Shares in SolarWinds Corp, which...
Xugong Group Construction Machinery Co Ltd is set to receive about $2.26 billion from backers including GIC Pte Ltd, sources said, in one of China’s biggest mixed-owner reforms of a state-owned enterprise (SOE). The deal is slated for completion by year-end, two...
Billionaire Anil Agarwal’s Vedanta group plans to raise as much as $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL), two people directly aware of the talks with investors and banks said.... 