Private Equity Managers Are More Honest Than You Think

Private equity funds tend to report their highest values around the same time that managers start fundraising – but research shows there could be an honest explanation. If a private equity fund’s reported value peaks right when the general partner is raising a new...

Cerberus pushes for Paul Achleitner to leave Deutsche Bank

Other top shareholders also want chairman to change but not immediately The desire for regime change has hardened since Deutsche abandoned merger talks with Commerzbank in April, these people said, scuppering the plans of Cerberus, which is Deutsche’s third-largest...

Private equity fundraising in the US hits all-time high

This week, US private equity toppled a record. Domestic funds have now raised more capital in 2019 than any other year before. Brookfield closed its fifth flagship PE fund on $9 billion on Monday, tipping US totals into the all-time-high territory. (Though the firm is...

Harvard Endowment Is Doubling Down on Private Equity

Harvard University’s $40.9 billion endowment plans to boost investments in buyout funds and venture capital—alternative assets that can produce higher returns but are riskier because they’re more illiquid than stocks and bonds. N.P. “Narv” Narvekar, chief executive...