Stone Point and GIC Near $3bn Deal for Ascensus

Stone Point and GIC Near $3bn Deal for Ascensus

Stone Point Capital and GIC are nearing a deal to buy retirement and savings account provider Ascensus for about $3 billion, according to people familiar with the matter. The investment firms could announce a transaction for the company as soon as this week, said the...
Carlyle CEO Kewsong Lee Plots Rebound for Private-Equity Pioneer

Carlyle CEO Kewsong Lee Plots Rebound for Private-Equity Pioneer

Carlyle Group, one of the original private-equity powerhouses, has had a rocky stretch as a public company. The Washington, D.C., firm’s shares have significantly underperformed since its 2012 initial public offering. Though they have more than tripled over the...