China’s $1.2 Trillion Wealth Fund Reorganizes Key Investment Arm

China’s $1.2 Trillion Wealth Fund Reorganizes Key Investment Arm

China’s sovereign wealth fund is merging a unit overseeing billions of dollars in private equity and infrastructure investments into its main operations, according to people familiar with the matter, seeking to boost efficiency after a talent exodus and as offshore...
Private Credit Giants Curb Buyout Lending Spree in Big Shift

Private Credit Giants Curb Buyout Lending Spree in Big Shift

The giants of private credit – the only game in town lately for big-ticket leveraged buyouts – are dialing back on risk, in a turning point that threatens to reduce crucial financing for mega deals. Blackstone, Apollo Global Management, Ares Management,...