TPG Gains on Stepped Up Deal Activity

Nov. 7, 2023 6:25 pm ET|WSJ Pro Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency. That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that … Read more

Carlyle Group Posts Lower 3Q Revenue

Carlyle Group reported a sharp drop in third-quarter revenue, reflecting the sluggish pace of dealmaking. The investment firm posted a profit of $81.3 million, or 22 cents a share, down from $280.8 million, or 77 cents a share, in the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams

Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart of the crypto market. None of it dented the enthusiasm of crypto investors. During the trial, crypto prices surged on optimism that U.S. … Read more

‘Buy the Dip’ Investing Mantra Lives On—in the Bond Market at Least

Updated Oct. 29, 2023 12:01 am ET Listen to article (2 minutes) One of the hottest investments on Wall Street is something of a surprise—it’s a battered long-dated Treasury bond fund. Shares of the iShares 20+ Year Treasury Bond ETF are near a 16-year low and have lost more than half their value from their … Read more

Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market

Updated Oct. 25, 2023 6:04 pm ET A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global currency-trading business. A federal jury in Manhattan deliberated for less than a day before finding Neil Phillips guilty of … Read more

Detroit Revs Up Venture-Capital Deal Making

Oct. 25, 2023 6:00 am ET|WSJ Pro An unlikely city sits near the top of a venture-capital list: Detroit. Long a symbol of industrial decline, the Motor City ranked second, ahead of destinations such as Berlin and Miami, in a PitchBook Data report on venture-capital ecosystems worldwide that have shown the most growth, scoring high … Read more

Goldman Sachs Veteran to Become CEO of Asset-Management Firm

Goldman Sachs veteran Luke Sarsfield, one of several executives to leave the bank recently, is set to become chief executive of asset manager P10. Dallas-based P10, which specializes in so-called alternative investments, plans to announce the move Monday, people familiar with the matter said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Accolade Partners Raises $325 Million to Back Venture Funds Led by Women, Minorities

The investment firm led by Joelle Kayden has collected $325 million to invest in venture and growth-equity funds run by minority and female managers.  Source link

Private Equity's Bet on Fertility Focuses on Sector's Staffing Shortages

Private-equity-backed fertility clinics are looking to fund more specialized training to bolster their ranks. Source link

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more