Wealth managers want to pass the baton. PE firms are ready

Wealth managers want to pass the baton. PE firms are ready

A once-in-a-generation consolidation in the wealth management industry has private equity firms and acquirers eyeing the chance to build up their portfolios of businesses with steady cash flows. Founders and other senior executives are weighing retirement at the same...
KKR to launch its two first ESG credit funds

KKR to launch its two first ESG credit funds

Private equity firm KKR is preparing to launch its first two credit funds dedicated to investing based on environmental, social and corporate governance (ESG) principles later this year, according to an internal memo seen by Reuters. The funds, offered to...