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....
Robert Smith, the billionaire founder of Vista Equity Partners, has agreed to a $140m settlement with the Department of Justice to resolve a long-running criminal tax investigation, said a person familiar with the matter. As part of the deal, Mr Smith will admit...
You would think the pandemic might have made the rich a bit more cautious with their money. After all, even if the stock market has staged a remarkable rally since its spring plunge, economic prospects are still overshadowed by Covid-19. Well, that is not the view of...
London-based private equity firm Actis is betting on the expansion of the digital infrastructure sector in South Africa with two new investments. The firm has acquired a controlling stake in fibre broadband provider Octotel, in a deal with an enterprise value of... 