At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.
1. Brookfield aims to raise $100B for new flagship funds
Brookfield Asset Management said it plans to raise $100 billion for its next round of flagship funds after it delivered first-quarter earnings.
Brookfield has started raising money for its fourth flagship real estate fund and its new Global Transition Fund, which it said will focus on environmentally and socially responsible investments.
2. Inter Milan Close to $336m Bailout by Private Equity Firm Oaktree
Inter Milan is closing in on a $336m bailout by US private equity firm Oaktree Capital Management, L.P. to shore up its finances following the collapse of the European Super League.
As part of the deal, Oaktree would take a 30% stake in the Italian football team and provide a much-needed loan.
3. PE Firms Interested in Adidas Sale of Reebok that Could Fetch Only $1bn
Adidas to sell Reebok for $3bn less than original acquisition with interest from PE firms including TPG, Sycamore Capital Partners, Cerberus Capital Management and Apollo Global Management Inc.
Nine West Group and The Frye Company is offering around $1bn for the money-losing sneaker label.
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