Blackstone Gets Final Bids for North Sea Oil Producer

Blackstone Gets Final Bids for North Sea Oil Producer

Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said. Canada’s Suncor Energy Inc., Chinese oil major Cnooc...
Private Equity’s Mountain of Dry Powder Is a Danger Sign

Private Equity’s Mountain of Dry Powder Is a Danger Sign

Investors keep flocking to private equity in Asia even though returns are declining. They should take heed: Payouts are likely to get worse from here, rather than better. The hunt for yield in a low-interest world has spurred institutional investors from China...
Financial watchdog warns of leveraged loan dangers

Financial watchdog warns of leveraged loan dangers

A limited number of big banks have the most exposure to these markets, Financial Stability Board says The boom in the market for leveraged loans, a favourite financing source of private equity-backed companies, has created vulnerabilities in the global financial...
BlackRock, partners eye initial $500 million for climate fund

BlackRock, partners eye initial $500 million for climate fund

A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. The group will provide the first $100 million of funding for the Climate Finance...