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nypost.com 17hours ago

Female Banker Emerges As Possible Successor To Goldman Sachs Ceo

Wall Street can stop wondering who the most powerful woman at Goldman Sachs might be. Goldman Chief Executive David Solomon announced Tuesday that he has shuffled the executive ranks once again, this time making Stephanie Cohen co-head of the $2 trillion megabank’s consumer banking and wealth management group. Cohen, a 43-year-old insider who has been...
Read by 74% of LPs

law.com 1 hour, 16 minutes ago

Freshfields Continues Hot M&a Streak With Major Private Equity Mandate

The firm has taken a role on several multi-billion-pound insurance sector deals in the last six months. : Freshfields Bruckhaus Deringer is advising private equity giant Blackstone Group on its sale of a stake in British insurer Rothesay Life, in a deal that values the company at PS5.75 billion. Hannah joined Legal Week in May 2018 after finishing her degree at Kingston University. Her areas of focus are corporate, M&A, private equity and restructuring at UK and City-based US law firms.
Read by 75% of LPs

markets.businessinsider.com 2 hours, 16 minutes ago

Silver Lake Was Labeled The 'warren Buffett Of Tech' For Investing Billions During The Pandemic. It's Emulating Buffett Again With Its New 25-year Strategy | Markets Insider

Summary List Placement Silver Lake is launching a 25-year investment strategy, The Wall Street Journal reported on Tuesday. The private-equity giant is becoming even more like Warren Buffett with its longer investing timeframe. Silver Lake has invested billions of dollars in Twitter, Airbnb, Expedia, and other businesses during the pandemic, similar to how Buffett handed cash to the likes of Goldman Sachs and General Electric during the 2008 financial crisis. The firm has also emulated Buffett by lending money at lofty interest rates and securing equity warrants. Visit Business Insider's homepage for more stories.
Read by 46% of LPs

allaboutalpha.com 4 hours, 46 minutes ago

Subscription Line Of Credit: Benefits, Risks, And Distortions | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.

By Hossein Kazemi, PhD, CFA, CAIA Association, FDP Institute, and Isenberg School of Management A subscription line of credit (SLC) is one of many sources of funding that general partners (GPs) can use to invest, manage, size, and time a private equity fund's cash flow. By far, the largest sourceRead More.
Read by 72% of LPs

vcaonline.com 12 hours, 46 minutes ago

Ara Partners Adds Manoj Sahoo As Operating Partner

HOUSTON, September 29, 2020-- Ara Partners, a private equity firm specializing in industrial decarbonization investments, has hired Manoj Sahoo as Operating Partner. Mr. Sahoo brings more than 20 years of experience across commercial, operational, and technical functions in the food & agriculture sector. "We're very happy to add Manoj to the Ara Partners team," said Cory Steffek, Managing Director of Ara Partners. "Manoj has a long and distinguished history as a prominent executive in food & agriculture.
Read by 70% of LPs

vcaonline.com 12 hours, 46 minutes ago

Advent International Raises $2B For Seventh Private Equity Fund Dedicated To Latin America

BOSTON, September 29, 2020-- Advent International, one of the largest and most experienced global private equity investors, today announced that it has completed fundraising for Advent Latin American Private Equity Fund VII ("LAPEF VII" or the "Fund"). LAPEF VII received $2 billion in commitments from institutional investors worldwide.
Read by 41% of LPs

vcaonline.com 12 hours, 46 minutes ago

Busbud Raises $15M Series C For Worldwide Expansion Of Intercity Bus Travel Marketplace Amid Covid-19 Pandemic

Busbud Raises $15 Million Series C for Worldwide Expansion of Intercity Bus Travel Marketplace Amid COVID-19 Pandemic The equity round is led by the Canadian Business Growth Fund (CBGF) and Investissement Quebec (IQ). New investors also include Export Development Canada (EDC), BDC Capital and Singapore-based K3 Ventures, along with current investors Inovia, Plaza Ventures, and Claridge increasing their investment. MONTREAL, September 29, 2020-- Busbud , the online marketplace that enables global travelers to shop for and book intercity bus tickets on over 2.3 million bus routes worldwide, today announced the close of a $15M CAD (US$11.5M) Series C equity funding.
Read by 78% of LPs

businesswire.com 21 hours, 16 minutes ago

Goji Selects Backbay Communications As Agency Of Record

LONDON & BOSTON--(BUSINESS WIRE)--Goji, a leading UK-based technology company that provides an investment platform that connects alternative investment managers with high net worth investors globally, has selected BackBay Communications as its agency of record. BackBay is an integrated financial services public relations, content development, and digital marketing agency with dedicated teams focused on financial technology, asset management, private equity and venture capital, and impact invest.
Read by 78% of LPs

business-standard.com 22 hours, 16 minutes ago

Commodities Tycoon Anil Agarwal Seeks $5 Bn For Turnaround Fund: Report | Business Standard News

The billionaire is working with London-based Centricus Asset Management Ltd on the fund, which will have a 10-year life span and use a private equity-type strategy.
Read by 37% of LPs

businessinsider.com 22 hours, 46 minutes ago

Jetblue, Spacex, Goldman Tapped Vault Health For Coronavirus Testing

Summary List Placement JetBlue, Goldman Sachs, SpaceX, 61 colleges and universities, and the NBA are all using the same startup to test workers, students, and athletes for coronavirus. Vault Health, a New York-based men's health startup, pivoted to coronavirus testing in May, as the pandemic ramped up in the US. The company, which offers testosterone therapy and erectile-dysfunction pills, was founded in February of 2019. Vault's test, produced by Rutgers University's genetics institute, can be taken at home or, in some cases, at in-person clinics and testing sites.
Read by 65% of LPs