Blackstone’s Next Product May Be Data From Companies It Buys

Blackstone’s Next Product May Be Data From Companies It Buys

With companies in industries from health care to battery storage in its portfolio, Blackstone Group Inc.’s massive buyout unit has a unique view into the economy. Soon it may offer peeks to outsiders willing to pay. The largest U.S. manager of private equity funds is...
Carlyle’s AlpInvest Unit Raises $9 Billion for Buyout Stakes

Carlyle’s AlpInvest Unit Raises $9 Billion for Buyout Stakes

AlpInvest Partners has raised $9 billion for its latest fund to focus on buying stakes in existing private equity investments. That’s the largest amount raised yet by the Carlyle Group Inc.-owned money manager, which has more than $49 billion of assets. The firm...
UBS to sell Austrian wealth business to LGT

UBS to sell Austrian wealth business to LGT

UBS is selling its domestic Austrian wealth management business to Liechenstein-based private bank LGT, the Swiss banking giant said on Wednesday. Terms were not disclosed for selling the business, which has just under 5 billion euros ($6.09 billion) in managed assets...
Russian hacks weigh on private equity’s software investments

Russian hacks weigh on private equity’s software investments

Some of the world’s biggest private equity firms, including Blackstone Group, Silver Lake Partners and Thoma Bravo, own major stakes in the software firms whose shares dived on news that they were breached by suspected Russian hackers. Shares in SolarWinds Corp, which...