In The News
Once created, SPACs have just two years to merge with a company to take it public. That could mean riskier deals in the coming years.
Manager Activity and interest in private equity has remained strong and though demand has been uneven following the Covid-19 outbreak, appetite for the asset class is set to remain high and the fundraising market strong.
A discussion around due diligence in a lockdown environment finds that allocators have tended to stick with existing relationships through the pandemic making it difficult for managers approaching investors for the first time to form relationships and win mandates.
A surging and resilient U.S. economy has put Hawaii’s largest public pension fund on pace to achieve its best fiscal-year return in a decade.
U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.
The biggest problem may be that risk appetite doesn’t revive and they struggle to draw in cautious investors.
Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China.
The Atlanta-based investment firm is hoping to manage a piece of China’s $400 billion national pension fund, betting its record of investing ordinary Chinese citizens’ money could help it win the coveted job.
At least four employees at the firm, Cascade Investment, complained to Mr. Gates about Michael Larson, his longtime money manager.
How much business travel returns is an urgent question for airlines, which rely on it for a big share of their revenue.
