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Sun Capital Partners has raised a single asset continuation fund for Fletchers Solicitors, a UK-based clinical negligence and specialist personal injury law firm.
The post Sun Capital seals single asset continuation fund raise for Fletchers Solicitors appeared first on AltAssets Private Equity News.
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ICE plans to spend $38.3 billion turning warehouses into detention centers The Washington PostTop House Democrat says Republicans' latest offer to fund DHS is ‘unserious' as shutdown looms - live The GuardianRepublicans Have Found the Real Victims of Trump's Effort to Build Mass Immigrant Detention Centers SlateICE reveals $38B plan for immigrant mega-jails AxiosICE Plans $38
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Veteran credit investment specialist Brigade Capital Management has chalked up more than $1bn of investable capital through its first dedicated private credit fundraise.
The post Brigade Capital picks up over $1bn of new investable capital through first private credit fund appeared first on AltAssets Private Equity News.
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Steven Spielberg Donates $25K to James Van Der Beek's GoFundMe as It Hits $2M The Hollywood ReporterAlfonso Ribeiro Shares Photo of His ‘Last Moment' with James Van Der Beek: ‘I Really Miss Him Already' People.comSteven Spielberg donates $25,000 to James Van Der Beek's $2m GoFundMe BBCJames Van Der Beek's Death Underscores Early-Onset Colorectal Cancers The New York TimesJames Van Der Beek's Ex-Wife Heather McComb Speaks Out After His Death
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DTCP, the infra and growth investment house launched by senior venture capital execs at Deutsche Telekom, has launched a new Europe-focused defence and "resilience technology" fund called Project Liberty.
The post DTCP launches €500m Project Liberty fund to invest in NATO-aligned European VC deals appeared first on AltAssets Private Equity News.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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