Private equity firms are prolonging the shelf lives of their aging assets with deals that are proving increasingly popular with managers, but not with all investors. Firms under pressure to offload assets from their expiring funds are opting to repackage them into new...
Nutella-maker Ferrero has agreed to buy Britain’s Fox’s Biscuits, looking to expand its cookie business in Europe and take advantage of increased consumption as many Britons work from home, it said on Wednesday. The Italian group has expanded rapidly over the past...
New York-based alternative asset manager Owl Rock Capital Partners LP will invest $1 billion through a direct-lending strategy for the California State Teachers’ Retirement System. As of Aug. 31 this year, CalSTRS had $262.5 billion in assets under management, with...
A few months into the pandemic, it seemed as though blockbuster dealmaking hit a brick wall. Major deals were falling apart or getting stuck in limbo. Mergers and acquisitions (M&A) activity was dead in the water — or so it seemed. As it turns out, finance...
Nordic Real Estate Partners A/S, an alternative asset manager based in Copenhagen, has raised $2.2 billion for a new fund that will invest primarily in housing and care homes across Scandinavia. NREP brought in a number of major pension funds, including New York State... 