|
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.
|
|
Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman CNBCWarsh Tells Congress the Fed Has ‘No Tolerance' for High Inflation WSJBusiness The EconomistTakeaways from Fed Chairman Kevin Warsh's first congressional testimony CNN
|
|
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.
|
|
Czech private equity firm Genesis Capital has rebranded to Stratum Partners alongside the launch of its second fund, which is targeting €65m to invest in small and medium-sized businesses across the Czech Republic, Slovakia and the wider Central European region.
The post Genesis Capital rebrand Stratum Partners eyes €65m for second fund targeting Central European SMEs appeared first on AltAssets Private Equity News.
|
|
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.
|
|
Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
|
|
The philanthropist and businessman issued a strong critique on a growing financial sector.
|
|
AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.
|
|
