JPMorgan says ‘oui’ to Paris expansion post-Brexit

JPMorgan says ‘oui’ to Paris expansion post-Brexit

JPMorgan Chase & Co (JPM.N) is the latest investment bank to significantly expand its Paris hub as part of plans to relocate some services from London after Britain’s exit from the European Union, snapping up new premises in the French capital. JPMorgan would have...
Private Equity Managers Plan to Raise Ever-Larger Funds in 2020

Private Equity Managers Plan to Raise Ever-Larger Funds in 2020

Private equity firms have big plans for 2020. About three-quarters of managers raising a private equity fund in the coming year expect it to be larger than the prior money pool, according to an EY survey released Wednesday. That’s the highest share since 2013, when EY...
KKR Closes $2.2 Billion Next Generation Technology Growth Fund II

KKR Closes $2.2 Billion Next Generation Technology Growth Fund II

KKR, a leading global investment firm, today announced the final closing of KKR Next Generation Technology Growth Fund II (“NGT II” or the “Fund”), a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe...
Spaniards buy Oxy Capital resort in Vilamoura

Spaniards buy Oxy Capital resort in Vilamoura

Oxy Capital has entered into an agreement with Spanish company HIP (Hotel Investment Partners) for the sale of The Lake Spa Resort hotel, located in Vilamoura, which until now was being managed by venture capital firm Blue & Green. The Aquarius fund manager,...
Blackstone Nears Deal to Buy Stake in Allcargo’s Unit

Blackstone Nears Deal to Buy Stake in Allcargo’s Unit

Blackstone Group Inc. has agreed to buy a stake in the warehousing unit of India’s Allcargo Logistics Ltd. for 3.8 billion rupees ($54 million) as the U.S. firm seeks to capture the demand in the world’s fastest growing e-commerce market. Allcargo’s board approved the...