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Bridgepoint takes stake in French wealth manager eyeing sector consolidation

Bridgepoint will have a 28% stake in Cyrus Conseil

Private equity steps up push to unlock coronavirus stimulus in the US

Lobbying groups press the Small Business Administration for changes to open access to stimulus funds

SoftBank abandons $3bn WeWork rescue deal

Japanese tech giant cited a list of five conditions that were not met by WeWork as the reasons for its withdrawal

Blackstone’s UK arm fails to improve gender pay gap in 2019

Blackstone has published its UK gender pay gap data despite the government’s 24 March announcement that it will not enforce pay-gap reporting this year

L Catterton sells natural pet food brand Lily’s Kitchen to Nestlé Purina

Lily’s Kitchen will continue to be run as a stand-alone business

City workers fear effects of long-haul lockdown

For senior dealmakers, management responsibility is proving the most challenging in the new work-from-home environment

ICG’s real estate arm invests £25m to fund UK data centre rollout

The firm said the commitment in Proximity Data Centres was secured before the Covid-19 outbreak

Firms with diverse ownership beat their benchmarks – study

Firms owned by women and minorities collectively manage only 1.3% of the investment industry's $69tn in assets under management

Ardian hires head of infrastructure in Germany from 3i

Daniel Graf von der Schulenburg joins the firm's Frankfurt office

First-time funds outperformed mature strategies after 2008 financial crash

With the coronavirus pandemic hitting financial markets concerns around the performance of funds raised in recent years are rising

Opalesque Exclusive: Diligence gaps raise flags as litigation finance gets boost

Bailey McCann, Opalesque New York: Litigation finance firms could be unexpected beneficiaries of the coronavirus crisis. Litigation funders are usually paid out when cases resolve...Article Link

Guy Hands’ Terra Firma cancels 2020 graduate intake on virus worries

'It is with regret that Terra Firma is unable to guarantee that we will be in a position to hire any new analysts this year,' says private equity firm

Coronavirus busts the myth that finance employees can’t work from home

As the Covid-19 crisis shows, working remotely is not a soft option for people with their foot off the career pedal

Firms continue to seek hires despite coronavirus crisis

There has been an increase in inquires for people who have restructuring skills

AMB :- TorQuest Partners hits $1.375bn Fund V hard cap

Laxman Pai, Opalesque Asia: Canadian-based manager of private equity funds TorQuest Partners announced the final closing of its fifth fund with $1.375 billion of committed capital. TorQuest Partners Fund V, which was ta...Article Link

AMW :- Opalesque Roundup: Hedge funds enjoy $15bn inflows of investor capital in February: hedge fund news, week 13

In the week ending March 27th 2020, the eVestment Hedge Fund Asset Flows Report said that investors were bullish on hedge funds in February, allocating another $14.78 billion to funds around the world. February inflows

UK competition watchdog invites comments on KKR’s acquisition of OverDrive

KKR announced the acquisition of OverDrive from Rakuten USA in December

Paul Tudor Jones says don’t think of Covid-19 as a ‘pandemic Godzilla’

Billionaire hedge fund manager who called the 1987 market crash predicts stocks will rebound in a few months

AMB :- Three quant lessons from COVID-19

Laxman Pai, Opalesque Asia: Many quantitative firms have suffered substantial losses as a result of the COVID-19 selloff. In this note, Prof. Alexander Lipton and Marcos Lopez de Prado highlight three lessons that quant...Article Link

When finance fails: Why economists didn’t see a virus crisis coming

https://www.fnlondon.com/articles/when-finance-fails-why-economists-didnt-see-a-virus-collapse-coming-20200325

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