Hints and tips:
...Black, according to a shareholder lawsuit filed on Wednesday....
...The fund immediately becomes one of the largest pools of junior credit available to private equity groups and companies, when traditional investment banks are further retrenching from speculative corners...
...Mubadala has invested in or alongside a number of big Silicon Valley firms, including private equity group Silver Lake and Sequoia Capital....
...He had been a contender to replace Leon Black as chief executive last year but the job went to Marc Rowan, the architect of the company’s insurance ventures....
...Silver Lake’s growing sports portfolio shows how the balance of power in the industry is changing as private equity groups and billionaires acquire clubs and invest in leagues....
...Lee’s starting point for the collection was “the people who make up Burberry and how they wear it”, he said backstage before the show, which was soundtracked by Amy Winehouse hits such as “Back to Black”...
...Five unmissable stories this week Private equity, venture capital and hedge fund groups are preparing to spend billions of dollars on compliance and legal advice as they cope with the biggest regulatory...
...According to the filings, VinFast and Black Spade alighted on the $23bn equity valuation by taking the forecast 2023 price-to-revenue multiple of EV maker Lucid Group, reducing it by 18 per cent to reflect...
...He left ValueAct in 2020 and proclaimed in an FT interview “finance is, like, done”, as he launched his own social impact investment group....
...By then, Apollo had grown to become one of the biggest private equity groups on Wall Street, owning billions of dollars’ worth of assets crucial to the operations of name-brand companies....
...News round-up Leon Black agreed $62.5mn deal over potential Epstein-related claims (FT) Hedge fund Sculptor agrees $639mn takeover by Rithm Capital (FT) Bain Capital buys Gautam Adani’s stake in shadow...
...private equity groups....
...“I think it was relief — we went through this black hole and made it [out] the other side.”...
...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
...Leon Black, the New York billionaire who quit his investment group Apollo Global Management this year, has agreed to buy a £21m home in the lavish London neighbourhood of Belgravia....
...In the wake of the 2008 financial crisis and the passage of what is known as the Dodd-Frank law, private credit and equity groups have assumed a much greater role....
...Carlyle Group has hired former Goldman Sachs executive Harvey Schwartz to be the private equity firm’s next chief executive....
...Citadel entered the commodities business in 2002, hiring a group of former Enron traders....
...Harris spent most of his career at Apollo, the private equity firm founded in 1990 by billionaire financier Leon Black with a group of partners from the failed Drexel Burnham Lambert investment bank....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Tulchinsky, whose intense gaze and head-to-toe black attire give him the air of a James Bond villain, refers to these algorithms as “alphas” and to WorldQuant as the “Alpha Factory.”...
...Apollo Global has raised $13bn for its first flagship buyout fund since co-founder Leon Black left the private equity group last year over his long association with convicted sex offender Jeffrey Epstein...
...In addition, Masayoshi Son will deposit with SVF2 LLC $500 million worth of SoftBank Group Corp. shares (as of the issue date of the Equity from SVF2 LLC to MgmtCo)....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
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