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...
“Hedge funds are certainly looking to capitalize on the enthusiasm for private equity,” says an EY partner. Two Sigma, one of the world’s largest quantitative hedge fund managers, has raised $1.2 billion for its new private equity unit, Sightway Capital. Sightway...
The private equity boom has reached a level where investors are paying a premium for stakes in buyout funds managed by the industry’s biggest beasts, deploying billions of dollars into a hot market despite a mounting political backlash. Investors such as endowments,...
Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. last week. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing on Friday. The trades...
Private equity Apollo Global Management (APO.N) said on Wednesday it had agreed to acquire U.S. information technology equipment distributor Tech Data (TECD.O) in a deal valued at $5.4 billion. Excluding debt, the deal is valued at about $4.77 billion, according to... 