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, Reuters reports.
Platinum Equity announced today the final close of its latest global buyout fund, Platinum Equity Capital Partners V, with $10 billion in total capital commitments.
Vanguard reached $6 trillion in assets late last year. And it achieved that in the midst of an ongoing fee war with Schwab-TD Ameritrade, which continued last week.
Shoreline Equity Partners today announced the final close of its inaugural private equity fund, Shoreline Equity Partners Fund, which was launched with an initial target of $250 million and was oversubscribed at its hard cap of $300 million in commitments.