Edition:
United Kingdom

Chibuike Oguh

U.S. investment firm StepStone taps banks for IPO: sources

16 Jan 2020

StepStone Group LP, one of the world's biggest investors in alternative assets such as private equity and real estate, has hired investment banks for an initial public offering (IPO) that could take place as early as the first quarter of this year, people familiar with the matter said on Thursday.

Private equity's talent challenge: Keeping it out of the family

06 Jan 2020

Family offices, which handle the wealth of the very rich and their kin, are increasingly poaching young talent from buyout firms, challenging the private equity industry's claim as the destination of choice for aspiring dealmakers.

Neuberger Berman targets $1.1 billion for third Italy-focused fund: sources

03 Dec 2019

U.S. investment equity firm Neuberger Berman Group LLC is seeking to raise 1 billion euros ($1.1 billion) for its third Italy-focused buyout fund, according to two people familiar with the matter.

Tech investing pioneer Hutchins bets on blockchain

07 Nov 2019

NEW YORK Blockchain-based payments could revolutionize finance in the same way that internet companies transformed information and communications starting in the 1990s, according to technology investment pioneer Glenn Hutchins.

Blackstone CEO is optimistic U.S., China will agree trade deal

06 Nov 2019

Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long trade war, helping to ease tensions between two of the world's biggest economies.

Apollo quarterly earnings flat, slightly missing analyst estimates

31 Oct 2019

Apollo Global Management LLC reported flat third-quarter earnings on Thursday, slightly missing analysts' expectations, as declines in its private equity and real estate businesses offset strong growth in its credit investments unit.

Carlyle's third-quarter earnings drop by a quarter as asset sales slow

31 Oct 2019

U.S. buyout firm Carlyle Group LP reported a 25% year-on-year drop in its third-quarter earnings on Thursday, driven by lower proceeds from asset sales in its private equity portfolio.

Singapore's Jungle Ventures raises $240 million for third Southeast Asia fund

29 Oct 2019

SINGAPORE/NEW YORK Singapore's Jungle Ventures said on Wednesday it has raised $240 million from investors, including Temasek Holdings, for a third fund designed to back Southeast Asian startups, highlighting the growing interest in the region's technology firms.

World News