Bregal Sagemount Hits $2bn Target for Fourth Growth Fund

Bregal Sagemount Hits $2bn Target for Fourth Growth Fund

Growth investor Bregal Sagemount has reached a $2bn target for its latest private-equity fund, holding a first close at that level so it can begin investing from the vehicle, according to people familiar with the matter. The New York-based firm expects to wrap up...
Barclays Nears Deal for Part of Blackstone’s Kensington

Barclays Nears Deal for Part of Blackstone’s Kensington

Barclays is nearing a deal to acquire Kensington Mortgage’s lending platform for specialized mortgage loans, according to people familiar with the matter. Barclays is in exclusive talks and a deal could be reached in the coming weeks, they said, asking not to be...
Fidelity slashes Reddit, Stripe valuations after tech rout

Fidelity slashes Reddit, Stripe valuations after tech rout

Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding month and...
KKR Seeks Bids for Ramsay’s $5.8bn Hospital Sites

KKR Seeks Bids for Ramsay’s $5.8bn Hospital Sites

A KKR-led consortium has begun soliciting investors to take over Ramsay Health Care Ltd.’s $5.8bn real estate portfolio, as the group seeks to buy out the Australian hospitals operator, according to people familiar with the matter. The private equity firm and its...