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Preservation Capital Partners, the European mid-market PE firm focused on financial and business services, has closed its third fund at its €877m hard cap after an oversubscribed fundraising which took just six months.
The post Preservation Capital Partners closes third fund at €877m hard cap, doubling predecessor vehicle appeared first on AltAssets Private Equity News.
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North Carolina-based private equity firm LionLight Capital has sped to a $215m hard cap close of its debut fund in just ten weeks, picking up strong support for its strategy of targeting financial and professional services businesses.
The post LionLight Capital races to $215m hard cap debut fund close in 10-week raise appeared first on AltAssets Private Equity News.
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HarbourVest Partners has named former Morgan Stanley Investment Management executive Brian Taranto as the first COO of its global private wealth business, as the private markets manager continues to expand its wealth platform.
The post HarbourVest creates global private wealth COO role with Morgan Stanley exec hire appeared first on AltAssets Private Equity News.
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As top law schools outlaw laptops and AI tools, smart companies are realizing that "unplugged" talent is exactly what their businesses need.
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A 300-drone show fooled a crowd—but revealed the exact way smart companies should be using automation today.
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Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
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The philanthropist and businessman issued a strong critique on a growing financial sector.
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AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.
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The show just made history again, and its longevity is a powerful lesson in brand building.
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