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.
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 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.
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/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.
NEW YORK Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms.
NEW YORK, Oct 29 Private equity firm KKR & Co
reported a 23% year-on-year drop in its third-quarter,
after-tax distributable profit on Tuesday, as transaction fee
revenue slid amid a broader slowdown in asset sales by buyout
firms chasing lofty valuations.
Private equity firm Apollo Global Management Inc said on Monday it had agreed to pay $1.6 billion to raise its stake in Athene Holdings , in a deal aimed at improving the performance of the U.S. annuity services provider's stock.
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings in the third quarter fell 8% year-on-year, but still beat analyst estimates.