Support for those affected by the pandemic also came from Apollo Global Management’s Leon Black KKR and its executives have pledged $50m to support communities, portfolio company employees and first responders affected by the coronavirus pandemic, while Apollo Global...
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to “buyer’s remorse” amid the novel coronavirus outbreak. The tender offer was part of a...
Saudi Arabia’s sovereign wealth fund built a stake worth about $200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed its holding in Norway’s largest crude producer...
Blackstone Group Inc. has finished raising a 9.8 billion-euro ($10.7 billion) fund that will target European real estate. The fund swells the firm’s uninvested capital for opportunistic property bets to about $30 billion just as the coronavirus roils markets...
Pandemic is causing falls in prices and more bankruptcies, but the true impact on private markets will not be known for months Many private equity companies sent out their December quarter valuation reports to investors last week. But limited partners may be tempted... 