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Month: February 2020

Blackstone hires chief technology officer from Barclays

John Stecher, who was previously group chief technology officer and group chief innovation officer at Barclays, will succeed Bill Murphy

Apollo sues two more executives in dispute over insurance rival

Leon Black’s Apollo is expanding its legal battle over the creation of a rival of its Athene insurance business by Imran Siddiqui, a former Apollo senior partner

A global economy without a cushion

World trade annual growth was only 13% faster than global GDP growth in 2010-19, leaving the world more vulnerable to all-too-frequent shocks

AMB :- Vestar Capital Partners closes its seventh fund at $1.1bn beating its initial target

Laxman Pai, Opalesque Asia: U.S. middle-market private equity firm Vestar Capital Partners has reached a $1.1bn final close for its latest mid-market buyout fund, beating its initial target. Vestar VII exceeded its $1 bi...Article Link

AMB :- Blackstone poaches chief technology officer from Barclays

Laxman Pai, Opalesque Asia: The world's largest private equity firm Blackstone Group has appointed John Stecher, formerly group chief technology officer and group innovation officer at Barclays, as its chief technology o...Article Link

Credit Suisse starts syndication of Zayo buyout debt

Credit Suisse has started general syndication of more than $5bn of debt funding EQT and Digital Colony’s acquisition of Zayo, one of last year’s largest LBOs. The dollar market will take the lion’s share of

Jeneration Capital raises $622m so far for fund focusing on tech in Asia-Pacific

Hong Kong-based investor founded by a former Silver Lake executive backs technology and tech-enabled businesses across Greater China

Wanted: Nominations for Private Equity Rising Stars

We are looking for young executives who are making their mark on the European private equity industry

California Teachers’ pension aims to redefine diversity

The state’s second largest pension plans to update how it defines and measures diversity among its investment managers

EQT invests in management and regulatory software provider Rimes

The transaction is expected to close in the first quarter of the year

Stirling Square closes €950m fund targeting mid-market opportunities

The size of the fund has surpassed its predecessor, which closed at €600m in 2016

SoftBank took unusual route to investment in UK fintech Greensill

SoftBank’s investment was structured to avoid triggering checks from regulators in Germany and Australia

Private equity comes under pressure for more transparency on marking of assets

Private equity firms have long been judge and jury when valuing their portfolio companies, but pressure from investors for more transparency is building up

Greta Thunberg, Donald Trump and the future of capitalism

Some lament the animosity toward those who speak about climate change, but Trump and his supporters appear to understand something their liberal detractors do not: their politics is the only authentic defence of contemporary capitalism

AMB :- Australian asset manager Perpetual acquires Boston ESG specialist Trillium

Laxman Pai, Opalesque Asia: Boston-based Environmental-social-governance (ESG) equity and fixed-income money manager Trillium Asset Management agreed to be acquired by Australian-based Perpetual Ltd. Perpetual will purch...Article Link

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