After the Covid crisis, private equity faces a moment of truth

After the Covid crisis, private equity faces a moment of truth

If private equity firms cannot clearly show outperformance of the stock market soon, surely even their stoutest defenders among investors will start questioning the hefty fees they pay.   Private equity firms insist they have learned their lesson. After the...
Francisco Partners collects nearly $10B from LPs

Francisco Partners collects nearly $10B from LPs

Francisco Partners has raised just shy of $10 billion across a trio of new funds, including a $7.45 billion flagship effort that is the third-largest buyout fund closed in the US so far in 2020, according to PitchBook data. The San Francisco-based firm’s other...
Goldman Sachs Establishes Fund for Racial Equity

Goldman Sachs Establishes Fund for Racial Equity

Goldman Sachs today announced it has created the Goldman Sachs Fund for Racial Equity to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity. The fund will be launched with $10 million from Goldman...
ZoomInfo Poised to Raise $935 Million in U.S. IPO

ZoomInfo Poised to Raise $935 Million in U.S. IPO

ZoomInfo Technologies Inc., the business-intelligence platform, is set to raise about $935 million in a U.S. initial public offering, pricing its shares above a targeted range, according to people with knowledge of the matter. The Vancouver, Washington-based company...
Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans

Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans

Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts. The Labor Department...