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...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...It comes weeks after smaller rival Baker Tilly agreed a $1bn cash infusion from private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector...
...The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Private equity firms are quietly preparing funds to invest exclusively in the US National Football League, according to people familiar with the matter, as a potential precondition for being allowed to hold...
...The US-based group will make its investment from a $24.4bn fund raised in 2021 that is one of the largest funds dedicated to private equity deals....
...PAG is one of Asia’s biggest private equity groups, managing more than $55bn....
...Founded in 2000, Jane Street has grown into an increasingly powerful trading firm and market maker for the $8.9tn US exchange traded fund industry....
...Private equity firms must get into the weeds of a business. Hedge funds prefer spreadsheet calculations that they can paste into letters and PowerPoint slides....
...Private equity buyers see an opportunity that has sometimes played out inside their own firms....
...Plus, the FT’s Robin Wigglesworth examines whether private equity is a good fit for Norway’s sovereign wealth fund....
...Get a private equity fund to finance your bid. That is the route Nasdaq-listed Viavi has chosen to go down....
...Rashid had been accused of violating his duties to investors in Apollo private equity funds in the early 2010s by billing the funds hundreds of thousands of dollars in improper personal expenses, such as...
...It has been forced to pause new investments in some of its funds because of clauses related to the departure of key executives, while its US-listed private credit vehicle was last week deemed by Fitch Ratings...
...That makes investing in private equity funds more of a crap shoot....
...Woe, thy name is private equity. The Norwegian government has once again nixed the $1.6tn sovereign wealth fund’s desire to add LBOs to its investment mandate....
...This article has been amended to clarify that Steve Cohen’s Point72 Ventures fund has invested in 24 Exchange...
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...In total, private wealth channels accounted for about 10 per cent of the fund, showing the increasingly important role that retail money is playing in the private equity industry....
...Scott Shleifer, the head of Tiger’s $30bn-plus private equity business who was instrumental in the firm’s growth, announced late last year he would step down from his role at the hedge fund....
...Quick recap: one of the only taxes Labour has committed to increasing if it comes to power later this year is the taxes paid by private equity dealmakers on carried interest — the cut of gains private equity...
...The reality is that many investors these days like the opacity and artisanal marking of truly private credit funds....
...Private equity strategies have evolved in a way that is ill-suited to the life cycle of the closed-end fund....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...Prime candidates for risk are entities with particularly high exposure to private credit markets, such as insurers influenced by private equity firms and certain groups of pension funds....
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