BlackRock, Vanguard Group and State Street Global Advisors are the three most important players in corporate America, accounting for 22% of shares of the typical S&P 500 company, according to Bloomberg.
Pathway Capital Management has closed on a $1 billion private credit fund, the firm announced. The Pathway Private Credit Fund II will provide debt financing in support of acquisition, recapitalization, refinancing and growth capital transactions sponsored by leading private equity firms.
Officials in many western suburbs are taking a “wait-and-see” attitude toward a new law that consolidates hundreds of suburban and downstate police and fire pension funds.
Stone Point Capital LLC announced that it held the final closing of its eighth private equity fund, Trident VIII, L.P., with $7 billion in total commitments.
BlackRock, the world’s largest investor, has joined an influential pressure group calling for the biggest polluters to reduce their emissions, after criticisms that it was undermining action addressing the climate crisis.
Ohio’s largest public pension system is considering cuts to health care benefits for thousands of current and future retirees as a way to shore up and extend coverage for years to come.