The company’s fourth co-investment PEC IV fund, launched over a year ago, closed above $600m Hermes GPE has raised $1.6bn for private equity investing, in a combination of co-investment and pension funds commitments. The company closed its fourth co-investment...
With Uber and WeWork struggling, are VCs really better than hedge funds at picking winners? Investors are questioning how good the world’s most prominent venture capital fund is at picking winners. Doubts about the Vision Fund, the flagship investment vehicle for...
After years of fund raising, private-equity funds “are awash in capital,” according to Bain’s 2019 private-equity report. That means they have to find things to spend their cash on. That won’t surprise investors who have been watching the market. Take Walgreens Boots...
Coty Inc. agreed to pay $600 million in cash for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele. The makeup and fragrance giant will have overall responsibility...
Taylor Swift’s feud with her record label reveals a little-known fact about the entertainment business: the outsized role private equity plays in funding its biggest stars. Swift asked Carlyle Group in a tweet on Thursday to help her as she battles to secure ownership...
