Private equity fundraising expected to fall in 2020

Private equity fundraising expected to fall in 2020

After a record year in 2019, private equity fundraising in North America and Europe is likely to slow down next year as large firms shift their focus to capital deployment, PitchBook’s analysts have predicted. There are a small number of funds that are currently in...
Apollo and Blackstone Are Stealing Wall Street’s Loans Business

Apollo and Blackstone Are Stealing Wall Street’s Loans Business

On the surface it was a classic leveraged takeover — $1.8 billion of debt to fund the acquisition of Gannett Co. And just like hundreds before it, front and center was Apollo Global Management. Except this time, the private equity giant wasn’t the borrower. It...
KKR Gets Busy in Seattle Real Estate

KKR Gets Busy in Seattle Real Estate

KKR likes the long-term growth trends in Washington’s Puget Sound region, where it purchased two properties for more than $1.2 billion. KKR & Co. has purchased two commercial properties in the Seattle region for more than $1.2 billion, saying it’s drawn to the...
BofA CEO Says Leveraged-Loan Stress Could Ripple Through Economy

BofA CEO Says Leveraged-Loan Stress Could Ripple Through Economy

Bank of America Corp., which tops the league table for U.S. leveraged-loan issuance, is watching that market closely for signs of stress. “The real concern is: Is there too much leverage in the system in certain companies, and if they have trouble, will that impact...