Private equity keeps the party going in China

Plus, the Issa brothers pull off another debt shuffling feat and junk bonds resurface on Wall Street
http://dlvr.it/SpvP1r

Has China become too cosy with private equity?

State-backed investors have poured money into buyout groups, enabling Beijing to deploy hundreds of billions of dollars into western companies and economies even as the political mood has shifted
http://dlvr.it/Spv73d

Alternatives M&A: keeping up with the Blackstones will invite scrutiny

TPG deal for Angelo Gordon highlights the drivers of concentration of power in the industry
http://dlvr.it/SptCyX

Crypto market struggles with transparency

Many of industry’s biggest names refuse to supply information on corporate governance and custody of customer assets
http://dlvr.it/SprS8q

Wall Street banks re-enter junk debt market

Lenders return to funding leveraged buyouts after painful year in which fees were hit hard
http://dlvr.it/SprBTR

Sodium batteries: worth their salt

Sodium has a role to play at the lower end of the electric vehicle market as a substitute
http://dlvr.it/SplRf1

Private equity investment trust discounts widen

Average discount across 14 PE trusts is 34 per cent
http://dlvr.it/Spf0dN

Apollo co-founder Leon Black wins dismissal of sexual assault lawsuit

Billionaire financier says ex-mistress who filed suit was ‘able to manipulate the legal system and media’
http://dlvr.it/SpclgX

Germany’s Bundesliga shows red card to private equity money

Plan to sell stake in league’s media rights fails to secure two-thirds majority from clubs
http://dlvr.it/SpZ6WH

PE firms sell stakes at discount as they expect valuations to stay low

‘Follow-on’ share offerings have rebounded even as prices have languished below IPO heights
http://dlvr.it/SpSjJN

Fortress boss sees distressed debt boom as SoftBank sells firm to Mubadala

Pete Briger says wave of defaults is coming from US bank turmoil and high rates
http://dlvr.it/SpQgv2

UK asset manager Ruffer to open New York office

London-based group aims to more than quadruple the assets it manages for US clients
http://dlvr.it/SpPXvl

Will the bubble in private markets hiss or pop?

Higher interest rates put alternative investments to the test
http://dlvr.it/SpJf7j

Calpers signals ‘appetite’ to increase bets on private equity

Biggest US public pension fund to begin extensive review of its $52bn of assets in the sector
http://dlvr.it/SpDpK7

TPG pushes into credit investing with $2.7bn deal for Angelo Gordon

Buyout group will pay $970mn in cash but predominantly use stock to complete the acquisition
http://dlvr.it/Sp45NZ

Investors must focus on margins in era of high rates, says Warburg Pincus boss

Veteran private equity executive Chip Kaye suggests looking for companies that can adapt to new financial conditions
http://dlvr.it/Sp3crg

How to Easily Send Money to Family Overseas

US citizens send huge amounts of money overseas. This amounts to $74.6 billion a year that goes to middle- and low-income countries. The average transaction cost is six percent. This means that for every $500 you send, $30 of that remittance will be used up on fees. Thus, it is worth exploring the different options […]
http://dlvr.it/Sp3YNp

Private equity-backed Envision Healthcare files for bankruptcy

Doctor-staffing company was once valued at $10bn after buyout by KKR
http://dlvr.it/Sp3CGK

Apollo halts pursuit of Wood Group after board rejects 5 bids

Private equity group has spent months seeking to take over Scottish engineering services provider
http://dlvr.it/Sp3CDS

Oaktree’s Howard Marks warns of crunch time for private credit

Billionaire investor says higher interest rates and slower growth are about to put $1.5tn market to the test
http://dlvr.it/Sp1N2V

Schroders hits out at Silver Lake’s €2.6bn German tech deal

Top investor cites conflict of interest as US private equity firms compete for Software AG
http://dlvr.it/Snw6Rp

Are private markets a route to higher returns?

Only investors with at least a few hundred thousand pounds should take the plunge
http://dlvr.it/SnsCTK

Apollo: alternative credit group must dispel fears of an ‘annuities run’

Rival Ares has seen its stock jump a fifth already in 2023
http://dlvr.it/Snn5t7

US lenders warned that commercial property is ‘next shoe to drop’

Executives and investors fret about impact of rising rates and empty buildings on $5.6tn market
http://dlvr.it/SnlHsc

Deals between European private equity firms halve year-on-year as rising rates hit

Companies seeking to exit investments struggle to agree on prices in negotiations with rivals
http://dlvr.it/SnfNcx

Banking crisis/private equity: bargain prices create huge opportunities

It is surprising that financial investors have not become deeply involved in bank rescues
http://dlvr.it/SnXVBv

Carlyle misses earnings forecasts in first quarter under Harvey Schwartz

Former Goldman Sachs president warns markets volatility ‘clouding’ investment landscape
http://dlvr.it/SnWWTb

The war over CEO pay in the UK

Plus, Harvey Schwartz brings his Wall Street chops to private equity and Apollo rolls the dice on Lottomatica
http://dlvr.it/SnVjyw

US private funds face more disclosures under new SEC rule

Regulator targets hedge funds and private equity as industry assets reach $25tn
http://dlvr.it/SnT3xj

Lottomatica shares tumble on Milan debut

Apollo-backed gambling group insists time was right to list despite disappointing first day of trading
http://dlvr.it/SnSZMX

Schwartz kicks off Carlyle tenure with lots of listening but no big idea

New CEO of private equity group holds extensive reviews with executives in prelude to anticipated shake-up
http://dlvr.it/SnRkPc

Jeb Bush’s private equity group held talks over selling NSO technology in US

Firm co-founded by scion of presidential family considered deal with Israeli spyware company
http://dlvr.it/SnNnV7