Dealmaking may have had a subtle recovery in the third quarter this year, but the real return to pre-pandemic levels is still far away. A majority of private equity and venture capital executives, or 74% of them, believe the industry’s rebound will only happen by the...
HarbourVest Partners has wrapped up fundraising for its largest-ever flagship secondaries fund, the Boston firm said. The fund, Dover Street X LP, closed at its hard cap with $8.1bn, including the general partner commitment. Investors included pensions, endowments,...
Electric vehicle start-up Arrival said it has raised $118m from funds managed by BlackRock, the latest investor bet on new technology upending the auto sector. The investment values the UK-based manufacturer at around €3bn, according to a person familiar with the...
Arbor Investments needed only 87 days to raise its fifth fund, collecting $1.5 billion in the latest bit of evidence that life goes on for private equity despite the pandemic. The pool is roughly double the $765 million secured by Arbor’s fourth fund in 2016. It is...
China Evergrande Group’s largest strategic investor is leaning toward demanding repayment of the $3.4 billion it’s sunk into the embattled developer, according to people familiar with matter, adding pressure on the company as it races to cut its massive debt load.... 