Private equity firm Nordic Capital buys consolidator Ascot Lloyd

Private equity firm Nordic Capital buys consolidator Ascot Lloyd

Private equity investor Nordic Capital has agreed to buy national advice firm Ascot Lloyd from Oaktree Capital Management. The deal is subject to regulatory approval. Nordic Capital has a range of investments across the financial services, healthcare, tech and...
Blackstone’s first-quarter earnings surge 63%

Blackstone’s first-quarter earnings surge 63%

Blackstone said on Thursday its first-quarter distributable earnings jumped 63% as a strong performance from its real estate and credit businesses offset a weak showing from its hedge funds unit. The world’s largest manager of alternative assets saw distributable...