Tough sledding for distressed-focused managers, Peaceable Street reaches deal with Declaration Partners
First Read begins the day with news that the S&P 500 hits a new high, Google parent Alphabet makes a bid to buy Fitbit and Facebook employees sign open letter deriding company's hands-off stance on political ads.
Ex-Ontario Teachers' exec forms search fund, Conduit seeks buyer for BenefitWallet
First Read begins the week with news that Jeff Bezos is close to losing his title as world's richest person to Bill Gates, auto marketplace ACV Auctions seeks to raise $150 million at a $1 billion valuation and auto marketplace ACV seeks to raise $150 mln.
No-fault removals and key-person issues: drama in the market
First Read closes out the week with news that vaping deaths rises to 34, Twitter stock tanks and Softbank plans $5 bln write down on Vision Fund to reflect declining value of some of its largest holdings.
First Read kicks off the day with news that Apollo is acquiring a stake in Italian gaming company Gamenet, WeWork's new chairman says job cuts are coming, and BuySellsAds has bought Pando.
LPs force Wingate to stop making new investments; Record demand for operating partners
First Read begins the day with news that SoftBank takes control of WeWork as co-founder Neumann gets up to $1.7 billion to exit startup, Amazon declares war on dollar stores, and Aducanumab, the Alzheimer drug, may actually work.
Vista raises $700 mln for third credit fund; Hercules founder pleads guilty; AIC responds to negative PE attacks