Lending Schwarzman Bullish on Private Credit, Citing 0.3 Percent Default RateFor Blackstone, private credit accounted for the biggest gains among its strategies in the fourth quarter. March 28, 2024
Strategic Buyers Home Depot Buys Pro Supplier SRS for About $18.25BThe deal would further the retailer’s focus on professional contractors, a more lucrative target than do-it-yourself consumers. March 28, 2024
Private Equity PE Firms Launch Evergreen Funds to Woo Private WealthHamilton Lane estimates that fewer than two percent of the wealthy have invested in private equity. March 28, 2024
Manufacturing Yellen Warns China’s Industry Ramp-Up is Distorting World EconomyChina’s industrial policy has a track record of causing “substantial overinvestment,” Yellen said. March 27, 2024
Financial services Brown University, BTG Pactual Reportedly Near Fortress InvestmentMubadala and the management of Fortress agreed in May to buy 90 percent of the equity held by SoftBank. March 27, 2024
Infrastructure Alberta Pension Fund Seeks to Grow Asia Asset Exposure to 15 PercentIn Asia, the firm focuses on direct investments in infrastructure and also participates in co-investments. March 27, 2024
Real Estate Brookfield’s Defaulted Los Angeles Office Tower is Selling at a Major DiscountSouth Korea-based Consus Asset Management agreed to purchase the tower at 777 S. Figueroa St. for about $145 million. March 27, 2024
Aerospace Honeywell Agrees to Buy Italy’s Civitanavi in Defense DealGlobal geopolitical threats are pushing defense decision makers toward more coordinated responses. March 27, 2024