Private equity fundraising in the US hits all-time high

This week, US private equity toppled a record. Domestic funds have now raised more capital in 2019 than any other year before. Brookfield closed its fifth flagship PE fund on $9 billion on Monday, tipping US totals into the all-time-high territory. (Though the firm is...

Harvard Endowment Is Doubling Down on Private Equity

Harvard University’s $40.9 billion endowment plans to boost investments in buyout funds and venture capital—alternative assets that can produce higher returns but are riskier because they’re more illiquid than stocks and bonds. N.P. “Narv” Narvekar, chief executive...

Shares in private equity firms soar on tax status change

Decision by Apollo, Blackstone and others to switch from partnership to corporation status pays off The shares of America’s biggest private equity firms have soared, swelling the fortunes of moguls such as Leon Black and providing them with firepower for deals after...