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...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....
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...KPMG sold the insolvency and restructuring business to private equity group HIG Capital in 2021....
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...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
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...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...In the professional services, the numbers leaving firms of their own accord have swung to historic lows, as tech groups, investment banks and other destinations have gone from hiring mode to firing mode....
...EY’s global consulting business....
...There’s another motivation: the group already owns part of Hipgnosis Song Management, the fund’s manager and investment adviser....
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...The Big Four accounting and consulting firm first launched the internal tool, called “PairD”, in the UK in October, in the latest sign of professional services firms rushing to adopt AI....
...Half of Tuesday’s press release was dedicated to the phalanx of lawyers and investment bankers needed to untangle this web. Endeavor never really caught the fancy of the large mutual funds....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...Citadel made a record $16bn in 2022 to displace Bridgewater as the most successful hedge fund of all time, according to research by LCH Investments....
...Silver Lake itself made a similar investment in Germany’s Software AG, which it ended up acquiring. The attraction, from Viavi’s side, is clear....
...London-based HG has used advisory group Azets to roll up more than 90 firms since 2016. There are some powerful drivers....
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
...media groups....
...Shleifer was one of Tiger’s first hires and marshalled investments into booming Chinese technology companies, including ecommerce groups such as JD.com and Ctrip.com....
...Talent agency Endeavor Group is being taken private at an equity value of $13bn after three years of lacklustre performance as a listed company....
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