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...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...Bezos remains Amazon’s largest shareholder, with a stake of about 9 per cent even after the recent sales, data from S&P Capital IQ indicates....
...The ecommerce group’s deal comes as part of a restructuring for Diamond Sports Group, which is aiming to leave bankruptcy protection; its collapse sparked a media rights crisis that spooked US sport....
...The family is currently worth about $93bn, making him the richest person in the world outside the US, according to Forbes....
...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
...$450mn from Google and Spark Capital (FT) Wagamama owner suffers shareholder revolt over pay and appointments (FT) HSBC/SVB: franchise value matters as much to bank rescuers as assets (Lex)...
...(Forbes) 11 November 2022: FTX, the once high-flying cryptocurrency group, has filed for bankruptcy protection in the US, marking a stunning collapse of the $32bn empire built by the colourful 30-year-old...
...Investors love wealth management earnings — they don’t require so much regulatory capital and they don’t generate big losses, they just offer nice smooth, stable growth (with notably rare exceptions)....
...— FTX’s inner circle had a secret chat group called ‘Wirefraud’ (Financial Review) — The power of an interview (Capital Allocators) — The “tech wreck” and Ireland (The Overshoot) — How Elon botched...
...But two prominent potential bidders, private equity groups Bain Capital and CVC Capital Partners, dropped out of the process in its early stages....
...Lawyers arrived in groups, trading gossip in hushed murmurs, occasionally breaking into laughter....
...The owners of UK supermarket group Asda, brothers Mohsin and Zuber Issa and private equity group TDR Capital, have also made an initial bid for Boots....
...Binance plans to take a $200mn stake in US business media group Forbes, which it once sued for defamation, as the century-old publisher aims to go public via a special purpose acquisition company....
...A January Forbes article named SBF as one of the group’s (then) billionaire backers....
...The Forbes agreement with Magnum Opus Acquisition, backed by the private investment firm L2 Capital, will mean the US business publication will receive $600m, including cash raised by the Spac as well as...
...Professionally, Lasry leads Avenue Capital Group, the $12bn investment company he co-founded with his sister, Sonia Gardner, in 1995....
...Forbes magazine estimates that Mr Bacon’s net worth is $1.5bn. He has given money largely to environmental causes....
...What’s in store for Greensill Capital, which employs former UK prime minister David Cameron as an adviser? Stay tuned....
...This year, Forbes estimated his net worth at $10.3bn, more than double that of his mentor Robertson....
...Citadel is now ranked by investor LCH Investments as the fourth-highest grossing hedge fund in history, and Griffin’s personal wealth is estimated at about $16bn by Forbes....
...For context, Forbes magazine estimated Black was worth $7.7bn at the time of Epstein’s 2019 suicide....
...Private capital goes to bat for in-person sports recovery Sixth Street Partners has been known to buy the dip: the private capital group helped to raise $1bn in debt and equity for the short-term rental...
...(Forbes) In the red York Capital Management’s pullback from hedge funds is a cautionary tale underlining a struggle spanning the asset class as profits dwindle and clients stray to more systematic investment...
...The private equity group Searchlight Capital Partners has appointed Elizabeth Chambers and David Klein to its board as senior advisers....
...A chemical engineer by training, Mr Smith has overtaken Oprah Winfrey to become the country’s richest African-American, according to Forbes....
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