Policymakers and politicians have become increasingly aware of the remarkable rise of private equity. True to form, the Beltway has done its part to add growing pains to the growth of the industry. Throughout 2016 and 2017, during the runup to the Tax Cuts and Jobs Act, political crosshairs were set on the carried interest […]
Fundraising slows, deal activity remains sluggish, Banks buying placement agencies
First Read closes out the week with news that WeWork is considering slashing its IPO valuation, Juul is accused of illegally advertising vaping as a way to quit smoking and 8chan owner says site won't delete hateful commentary.
Back to school: TPG gets into payer services, VPay presses pause
PNC Bank buys placement agent Sixpoint Partners; Pamlico Capital seeks buyer for Service Express; Prudential Financial to buy Assurance IQ
First Read begins the day with news that Ford recalls more than 500,000 vehicles due to seat problems, UK lawmakers vote to delay Brexit again, and Prudential Financial Inc is buying online startup Assurance IQ.
GI, TA consider options for MRI Software; VPAY bids come in below expectations; TCV, JMI Equity invest $250 mln in Clio
First Read begins the day with news that Walmart ends all handgun ammunition sales and asks customers not to carry guns into stores, Ariana Grande sues Forever 21 for stealing her image in a social media campaign, and SoftBank is more than $600 million underwater on its Uber investment.
Los Angeles and New York City-based Freeman Spogli & Co, a middle-market private equity firm, has closedits eighth fund at its $1.85 billion hard cap.
This week’s jobs include an investment director at Cambridge Associates, a vice president at Wells Fargo Strategic Capital and a secondaries associate at GCM Grosvenor.