Goldman Sees Private Equity Firms Bracing for a Downturn

Goldman Sees Private Equity Firms Bracing for a Downturn

Private equity firms are bracing for a downturn and putting in safeguards to limit their downside risk. “Every one of our clients is focused on being prepared for a recession,” Alison Mass, Goldman Sachs Group Inc.’s chairman of investment banking, said Tuesday in a...
Private equity firm Silver Lake promotes new leaders

Private equity firm Silver Lake promotes new leaders

Private equity firm taps Egon Durban and Greg Mondre as new Co-CEOs Silver Lake is rejiggering its top leadership ranks, elevating two long-time executives to lead the firm as it enters a new chapter in its growth. The firm, which has been run since 2011 by four...
Aramco IPO Bids Reach $44.3 Billion as Retail Offer Closes

Aramco IPO Bids Reach $44.3 Billion as Retail Offer Closes

Saudi Aramco’s initial public offering has drawn total bids of 166 billion Saudi riyals ($44.3 billion) so far from institutional and retail investors, about 1.7 times the amount the government is seeking to raise. In the retail tranche, where final bids were due last...