Apax Crawls Toward $10.5 Billion Target for Latest Buyout Fund

Apax Crawls Toward $10.5 Billion Target for Latest Buyout Fund

Apax Partners is inching toward its latest fund raising goal of $10.5 billion. The private equity firm, which began raising in the second quarter of last year, has so far collected more than $9 billion for its 10th flagship fund, people with knowledge of the situation...
2019 PitchBook Private Equity Awards

2019 PitchBook Private Equity Awards

For the US private equity industry, 2019 was defined by record fundraising totals, elevated deal multiples and a tough exit environment. But the titans of alternative investing continued to press on, in a year when public figures from Bernie Sanders to Taylor Swift...
Why fund managers need to stay focused on cost management

Why fund managers need to stay focused on cost management

‘Rarely a primary focus for private equity managers’ At a time of considerable economic and market uncertainty, many investors are focused on driving returns from their investments in growing businesses. However, some private equity fund managers could be...
Private equity and Britain’s care home crisis

Private equity and Britain’s care home crisis

A battle over care home provider Four Seasons raises troubling questions for a sector Boris Johnson has pledged to fix At the Whitchurch Care Home, emergency buzzers went unanswered, some medicines were not dispensed and many of its frail and elderly residents had not...
Japan’s Mitsubishi Materials buys 30% stake in Chile copper mine

Japan’s Mitsubishi Materials buys 30% stake in Chile copper mine

Japan’s Mitsubishi Materials Corp (MMC) (5711.T) has bought a 30% stake in Mantoverde copper mine and an associated copper project from Mantos Copper for $236 million to secure more concentrates for its smelters, the company said on Friday. The mine, which has 2.1...