The London firm is seeking €1bn for its ICG Recovery Fund II, according to documents presented to the $20.02bn Teachers’ Retirement System of Louisiana. The pension system committed $50m to the fund at a 31 July public meeting. Intermediate Capital Group joins other...
The Los Angeles-based asset manager is on track to collect at least $30bn this year despite disruptions from the coronavirus pandemic Ares Management’s private equity funds raised roughly $5bn in the second quarter, giving the firm a boost toward meeting a goal of...
Italian football club AS Roma has been acquired by Texas-based billionaire Daniel Friedkin in a deal worth €591m, following weeks of negotiation over a purchase price that takes into account the impact of the coronavirus pandemic on the sport. The Serie A team’s...
Blackstone Group Inc. acquired a majority $4.7 billion stake in Ancestry.com Inc., the business known for family history research and DNA testing. The deal is valued at $4.7 billion, Blackstone said in a statement Wednesday. It’s the first acquisition by...
Shares of cloud services firm Rackspace Technology Inc plunged nearly 20% after making their Nasdaq debut on Wednesday, after the company owned by Apollo Global Management sold shares to investors in its $703.5 million initial public offering. The stock opened at...
