NYC pension funds look to PE in hunt for higher returns

NYC pension funds look to PE in hunt for higher returns

Four of New York City’s five public employee pension funds, catering for teachers, police officers, firefighters and civil servants, are to up their allocations to private equity and other illiquid asset classes, as they look to boost investment returns, according to...
Blackstone to acquire Sony Payment Services

Blackstone to acquire Sony Payment Services

Apollo Global Management is gearing up to start fundraising for its latest fund, which will focus on making secondary credit investments and is targeting $2bn in capital commitments, according to a report by Bloomberg. Get the week’s top news delivered directly...
Blackstone to acquire Sony Payment Services

Blackstone to acquire Sony Payment Services

Private equity funds managed by Blackstone are to acquire a majority stake in Sony Payment Services Inc (SPSV), one of Japan’s leading payment service providers, from Sony Bank, a wholly-owned subsidiary of Sony Group. Sony Bank will roll over a certain portion of its...
Brookfield to acquire ATC India for $2.5bn

Brookfield to acquire ATC India for $2.5bn

Brookfield Asset Management is to acquire American Tower Corp’s (ATC) loss-making Indian operations for $2.5bn, becoming one of the country’s largest operator of telecom towers in the process, according to a report by Reuters. The acquisition, which is the third and...