OpenAI Courts Private Equity with 17.5% Guaranteed Return on Enterprise Joint Venture Preferred Stakes
OpenAI is approaching private equity firms with an offer that includes a guaranteed minimum return of 17.5 percent on preferred equity stakes in its new enterprise joint venture. The terms,...
Carlyle Group Structures Unrated Preferred-Heavy Vehicle to Seed Buyout Fund IX and Provide Vintage Liquidity
Carlyle Group is preparing a multibillion-dollar structured financing to seed its next flagship buyout fund and return capital to investors in older...
Private Credit Faces Reckoning Over SaaS Exposure and Surging Redemption Pressures
Private Equity Posted Record Deal Value in 2025, but Distributions and Fundraising Signal Persistent Stress
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Subscribe →HPS Investment Partners Navigates $500M Asset-Backed Finance Fraud Allegations
Weeks after BlackRock closed its $12 billion acquisition of HPS Investment Partners, the firm became aware of alleged asset-backed finance fraud tied to...
Limited Partner Pressure Prompts Kirkland & Ellis Fund Formation Practice Review
According to The Financial Times, Kirkland & Ellis has told its fund formation lawyers they need to rein it in. After complaints from limited partners on...
Private Equity Sponsors Leverage Collateralized Fund Obligations Amid Regulatory Shifts
Last week, Vista Equity Partners tapped Goldman Sachs to arrange a roughly $1 billion collateralized fund obligation (CFO) backed by stakes in its private...
EQT Weighs Acquisitions of Coller Capital, HarbourVest, Pantheon to Bolster Secondaries
As part of efforts to build out the firm’s secondaries business, Bloomberg reports that EQT is now actively considering possible acquisitions of scaled...
Apollo and Arctos Bolster Sports Investment Capabilities with New Platforms
Sports investment continued its maturation last week with a pair of new launches from Apollo Global Management and Arctos Partners: Apollo with a dedicated...