Starbucks China Rival Seeking Funds at $1.2bn Value

Starbucks China Rival Seeking Funds at $1.2bn Value

The China operator of coffee chain % Arabica is weighing a new funding round and could seek a valuation for its business in the country of as much as $1.2bn, according to people familiar with the matter. Lucky Ace International Ltd., which holds the exclusive...
McNally Capital Completes Final Close of McNally Capital Fund II

McNally Capital Completes Final Close of McNally Capital Fund II

McNally Capital is pleased to announce the final closing of its inaugural private equity fund, McNally Capital Fund II. McNally Capital has raised over $150m from limited partner fund commitments and related co-investments. The firm has over $500 million in total...
China’s $1.2 Trillion Wealth Fund Reorganizes Key Investment Arm

China’s $1.2 Trillion Wealth Fund Reorganizes Key Investment Arm

China’s sovereign wealth fund is merging a unit overseeing billions of dollars in private equity and infrastructure investments into its main operations, according to people familiar with the matter, seeking to boost efficiency after a talent exodus and as offshore...
Private Credit Giants Curb Buyout Lending Spree in Big Shift

Private Credit Giants Curb Buyout Lending Spree in Big Shift

The giants of private credit – the only game in town lately for big-ticket leveraged buyouts – are dialing back on risk, in a turning point that threatens to reduce crucial financing for mega deals. Blackstone, Apollo Global Management, Ares Management,...