Fortress Said to Bid $1.1 Billion in TV Bet on Italy Soccer

Fortress Said to Bid $1.1 Billion in TV Bet on Italy Soccer

Fortress Investment Group LLC has made a last-minute offer of as much as 900 million euros ($1.1 billion) for media rights to Italy’s Serie A soccer league, according to a document seen by Bloomberg. Serie A’s board of directors are set to gather on Tuesday to review...
Blackstone-backed Finance of America is set for IPO

Blackstone-backed Finance of America is set for IPO

Consumer-lending platform and Blackstone portfolio company Finance of America Equity Capital is set to go public with a valuation of $1.9bn through a blank-check merger, this year’s hottest way to list shares, according to people familiar with the matter. Finance of...
Europe-based buyout firms bet big on impact investing

Europe-based buyout firms bet big on impact investing

Impact investing, where funds seek to generate positive social or environmental impact alongside financial returns, has matured in recent years but the pandemic seems to have become the final push it needed to move into the mainstream. Buyout firms in Europe are...
Pictet unveils debut tech-themed private equity fund

Pictet unveils debut tech-themed private equity fund

Pictet Alternative Advisors, part of Geneva-based private bank Pictet Group, has launched its first tech-focused fund, a $300m private equity vehicle. The new strategy, Pictet Thematic Private Equity – Technology, will target funds of all sizes and companies from...