Align Capital Partners Closes Oversubscribed Fund III at $620m

Align Capital Partners Closes Oversubscribed Fund III at $620m

Align Capital Partners is pleased to announce the closing of its third private equity investment fund, Align Capital Partners Fund III. ACP began fundraising in September 2022 with an initial target of $550m of limited partner commitments. With the support of existing...
Bain Capital to sell $410m Axis Bank stake

Bain Capital to sell $410m Axis Bank stake

Providence Real Estate, a Wilmette, IL-based multifamily owner-operator, has closed its most recent private equity fund, the Providence Multifamily REIT and its affiliated entities. The fund raised approximately $85 million in commitments from investors throughout the...
Apollo Global Hires Anchorage Digital as Crypto Custodian

Apollo Global Hires Anchorage Digital as Crypto Custodian

New York-based private-equity firm Apollo Global Management has chosen Anchorage Digital to be its custodian for crypto assets, according to a press release on Monday. Anchorage, which became the first federally chartered crypto bank in the U.S. last year, said it...
Blackstone, Emerson Electric strike $14bn buyout deal

Blackstone, Emerson Electric strike $14bn buyout deal

According to the Wall Street Journal, the deal – expected to be announced on Monday – would give Blackstone a 55% stake in the unit, which sells compressors and other HVAC products and services used in commercial and residential heating and cooling as well...