by Sebastian | Jul 5, 2024 | News
The $1.7 trillion private-lending industry is still “in batting practice” before it swells to a $25 trillion market, according to one of its powerhouses, Blackstone Inc. Given the funding needs for financing data centers and energy transition, there’s room to grow to...
by Sebastian | Jul 5, 2024 | News
AustralianSuper, the country’s largest pension fund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks. The A$335 billion ($223 billion) fund has started the new financial year 3% overweight in...
by Sebastian | Jul 5, 2024 | News
Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday.KKR will own Varsity...
by Sebastian | Jul 5, 2024 | News
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs. The deal comes with luxury retailers...
by Sebastian | Jul 5, 2024 | News
HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter.Julius Baer is also among potential bidders for the...
