Carl Stanton, Invesco's head of WL Ross business, leaves; Blackstone in $2.5B buy of Promontory; PE firms face congressional scrutiny over surprise billing
First Read starts the day with news that CD&R has teamed up with PPG to bid on Axalta, WeWork is expected to postpone its IPO, and the New York Fed spent $53 billion to rescue the overnight lending market.
Blackstone's Schwarzman gives advice to emerging managers; Providence seeks $3 bln for EdgeConneX; Oak Hill wins Mercer
First Read begins the day with news that Netflix snags "Seinfeld," nearly 50,000 UAW workers go on strike against General Motors, and WeWork's parent is expected to postpone its IPO.
This week’s jobs include a director spot at Highland Capital, an M&A manager for West Monroe and analysts/associates at Draper Associates.
Accel-KKR close $1.8B deal for more time to manage 2008 fund; Linden, Audax invest in Frazier's HOPCo; Banks losing $280M in payments revenue
First Read begins the week with news that SoftBank plans on buying $750 million of shares in WeWork's impending IPO, Felicity Huffman was sentenced to two weeks in prison, $30,000 fine for her role in the college admissions scandal, and Purdue Pharma, the maker of OxyContin, has filed for Chapter 11 bankruptcy.
First-time fund reaches beyond hard cap, CalPERS drama
First Read closes out the week with news that Goldman Sachs has hired an ex-Amazon executive for a top tech role, Old Navy plans on opening 800 new stores and FBI probes Peter Thiel co-founded Mithril Capital.
Investors are still howling for vet care