Private Equity Can’t Just Hide Out in a Wooded Bungalow

Private Equity Can’t Just Hide Out in a Wooded Bungalow

For a glimpse of just how much trouble the sector is in, look no further than SoftBank. If exchange-traded funds are the fast food of investing, then private equity is the private kitchen. As the world spirals into a recession and the coronavirus pandemic batters your...
Pandemic Turns Europe’s Private Equity Dealmakers Into Rescuers

Pandemic Turns Europe’s Private Equity Dealmakers Into Rescuers

For private equity firms, the Covid-19 pandemic turned a record buying binge into an industry-wide panic, upending a lucrative business model and turning dealmakers into rescuers overnight. It’s left investors like Cinven, Blackstone Group Inc., Permira and KKR &...
Ardian Raises Record $18 Billion to Acquire Buyout Stakes

Ardian Raises Record $18 Billion to Acquire Buyout Stakes

Ardian has collected around $18 billion for a new fund to acquire private equity stakes and will shortly close it to new money, in one of the largest capital raisings since the coronavirus outbreak, people with knowledge of the matter said. The European asset manager...
Private Fund Managers Do Deal Triage

Private Fund Managers Do Deal Triage

Amid market shocks, alternative investment firms are moving some deals through the pipeline and tiptoeing into distressed opportunities. When Bain Capital told the 700 people in its Boston headquarters to work from home on March 11th it was big news. Now, anybody who...