Former Tiger Global executive raises second $1bn fund in year

Former Tiger Global executive raises second $1bn fund in year

Former Tiger Global Management executive Lee Fixel has raised a $1.4bn venture capital fund less than four months after securing his first vehicle, an unusually quick pace that points to exuberance in the market for start-up investments. Mr Fixel’s firm, Addition,...
GTT Sells Infrastructure Unit to I Squared for $2.15 Billion

GTT Sells Infrastructure Unit to I Squared for $2.15 Billion

GTT Communications Inc. agreed to sell its fiber and data center infrastructure division to I Squared Capital for $2.15 billion, as the telecom carrier focuses on its cloud networking business. The Miami-based private equity firm will acquire GTT’s Europe and North...
Private-equity executives see opportunity in uncertainty

Private-equity executives see opportunity in uncertainty

A recovery from the economic damage caused by coronavirus pandemic is taking longer than deal makers originally anticipated, but firms with money to spend are seeing plenty of investment opportunities, according to a group of executives who spoke at the 2020 Milken...