Warren Calls Out Blackstone for ‘Shameless’ Profits From Housing

Warren Calls Out Blackstone for ‘Shameless’ Profits From Housing

Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants’ rights plan, accusing the company of “shamelessly” profiting from the 2008 housing crisis. Her criticism on Monday was the latest instance of the Democratic...
Venture capital firm Northzone secures $500m for new fund

Venture capital firm Northzone secures $500m for new fund

The fundraising completes a busy week for European venture capital investors Northzone, the venture capital business specialising in European technology investments, has closed its largest fund to date at $500m. The fund will invest the money in early-stage tech firms...
Aramco’s IPO Becomes a Saudi Affair as London Roadshow Scrapped

Aramco’s IPO Becomes a Saudi Affair as London Roadshow Scrapped

Saudi Aramco set a valuation target for its initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale after the government decided to make the deal an almost exclusively Saudi affair. The initial...
Norwegians to Giant Wealth Fund: Can I Have My Cash Now?

Norwegians to Giant Wealth Fund: Can I Have My Cash Now?

Norway has always said its sovereign wealth fund belongs to the people. But recently, that’s needed a bit of clarification. Since hitting a record 10 trillion kroner ($1.1 trillion) last month, the fund has noticed an uptick in inquiries from Norwegians wondering...
JPMorgan, KKR and others join Cowdery’s latest insurance fund

JPMorgan, KKR and others join Cowdery’s latest insurance fund

Bermuda-based consolidation vehicle is the third incarnation of Sir Clive Cowdery’s acquisitive Resolution Resolution Life, an insurance consolidation vehicle founded by Sir Clive Cowdery, has completed a $3bn fundraising and added several of the investors who...