Saudi Aramco set a valuation target for its initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale after the government decided to make the deal an almost exclusively Saudi affair. The initial...
Norway has always said its sovereign wealth fund belongs to the people. But recently, that’s needed a bit of clarification. Since hitting a record 10 trillion kroner ($1.1 trillion) last month, the fund has noticed an uptick in inquiries from Norwegians wondering...
Bermuda-based consolidation vehicle is the third incarnation of Sir Clive Cowdery’s acquisitive Resolution Resolution Life, an insurance consolidation vehicle founded by Sir Clive Cowdery, has completed a $3bn fundraising and added several of the investors who...
The company’s fourth co-investment PEC IV fund, launched over a year ago, closed above $600m Hermes GPE has raised $1.6bn for private equity investing, in a combination of co-investment and pension funds commitments. The company closed its fourth co-investment...
With Uber and WeWork struggling, are VCs really better than hedge funds at picking winners? Investors are questioning how good the world’s most prominent venture capital fund is at picking winners. Doubts about the Vision Fund, the flagship investment vehicle for... 