Private equity giant Apollo leads £6.5bn race to buy Asda

Private equity giant Apollo leads £6.5bn race to buy Asda

The private-equity firm Apollo Global Management is thought to have edged into the lead in the £6.5bn bidding war for Asda after its rival Lone Star Funds dropped out. It is believed that a third bid from private equity firm TDR Capital remains in the running – the...
Blackstone ready to lend after raising record property debt fund

Blackstone ready to lend after raising record property debt fund

Blackstone Group closed this month on the largest real estate debt fund ever, giving the investment firm plenty of cash to lend to property investors looking to go shopping during the coronavirus pandemic. One of the world’s largest owners of commercial...
EQT teams up with Sigma Capital for £1bn housing JV

EQT teams up with Sigma Capital for £1bn housing JV

Swedish private equity firm EQT has agreed to launch a £1bn housing joint venture with listed residential development and regeneration specialist Sigma Capital to deliver new homes for private rental in London. EQT’s property platform, EQT Real Estate, and Sigma had...
Here’s What Investors With $3.4 Trillion Are Buying During Covid

Here’s What Investors With $3.4 Trillion Are Buying During Covid

Oil pipelines, hotels, convenience stores and automaker bonds are among the assets being bought by some of the world’s biggest asset managers as they look for value in a world thrown into turmoil by the coronavirus pandemic. In interviews with sovereign wealth funds,...