Blackstone Raises $10.7 Billion for European Property Fund

Blackstone Raises $10.7 Billion for European Property Fund

Blackstone Group Inc. has finished raising a 9.8 billion-euro ($10.7 billion) fund that will target European real estate. The fund swells the firm’s uninvested capital for opportunistic property bets to about $30 billion just as the coronavirus roils markets...
Private equity valuations face deep discounts amid virus outbreak

Private equity valuations face deep discounts amid virus outbreak

Pandemic is causing falls in prices and more bankruptcies, but the true impact on private markets will not be known for months Many private equity companies sent out their December quarter valuation reports to investors last week. But limited partners may be tempted...
Advent eyes once-elusive takeover targets amid crisis

Advent eyes once-elusive takeover targets amid crisis

Private equity firm looking at technology, healthcare and consumer sectors The US private equity firm behind one of Europe’s biggest leveraged buyouts is seizing on the coronavirus pandemic to open talks with once-elusive takeover targets. Advent International, which...
Airbnb turns to private equity to raise $1 billion

Airbnb turns to private equity to raise $1 billion

Airbnb said Monday that it has raised $1 billion in debt and equity from private equity firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic. Terms of the deal were not disclosed....