BlackRock Faces Key Test in Booming $15tn China Market

BlackRock Faces Key Test in Booming $15tn China Market

BlackRock is gearing up for the first test of Chinese investor appetite for its own mutual fund products, more than 15 years after entering the world’s most promising wealth market. The company’s new China unit is launching its debut product just two months after...
Sobi Targeted by Advent For a Potential Acquisition

Sobi Targeted by Advent For a Potential Acquisition

Advent International, a private equity firm based in Boston, Massachusetts, is considering a buyout deal for drugmaker Swedish Orphan Biovitrum. Advent has approached other buyout firms including Permira in an attempt to lead a consortium for the acquisition of the...
Blackstone Makes a $5bn Bet on Housing Low-Income Americans

Blackstone Makes a $5bn Bet on Housing Low-Income Americans

Last month RiseBoro, a landlord learnt that AIG’s disputed stake in its building in the Bushwick section of Brooklyn would be sold to Blackstone, part of a pending $5bn deal that represents the investment group’s most politically charged incursion into the US housing...