Blackstone is preparing to raise what could be the industry’s largest buyout fund on record. The firm may seek as much as $30bn for its next flagship private equity fund, according to people familiar with the matter. No target has been set but fundraising could begin...
BlackRock executives, including CEO Larry Fink leaned hard into the notion of increased exposure to illiquid investments for diversification and enhanced returns. “The drive toward more illiquid investments in equity and debt have exploded because we’ve seen so many...
Apollo Global Management said it expects its assets under management to double to about $1 trillion by 2026, setting up a race with fellow investment behemoth Blackstone, which has set the same lofty target. Apollo expects the merger with its insurance affiliate...
Wolves are lining up a lucrative pre-season tour of the United States after the club’s owners Fosun sold a minority stake to private equity firm PEAK6. PEAK6, a finance and technology group based in Chicago, once controlled a 25% share in Bournemouth but this holding...
PwC has struck a deal to sell its mobility services division to US private equity firm Clayton, Dubilier & Rice (CD&R) for $2.2bn. The sale of the unit, which advises more than 3000 organisations on tax and immigration issues when they move staff abroad, is... 