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.
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.
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.
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.