StepStone Group has held the final close of its fourth secondary private equity fund, securing a capital pool of $2.1bn. The firm nearly doubled the initial target for the vehicle, which had been pitched at $1.25bn. This new fund is a significant jump from its...
Private-equity firms have been dealt a setback in their latest attempt to get companies they own access to billions of dollars of loans that the U.S. government is doling out to help small businesses hit hard by the coronavirus pandemic. The next bill in the U.S....
Support for those affected by the pandemic also came from Apollo Global Management’s Leon Black KKR and its executives have pledged $50m to support communities, portfolio company employees and first responders affected by the coronavirus pandemic, while Apollo Global...
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to “buyer’s remorse” amid the novel coronavirus outbreak. The tender offer was part of a...
Saudi Arabia’s sovereign wealth fund built a stake worth about $200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed its holding in Norway’s largest crude producer... 