JPMorgan Chase

BC Partners, which just three years earlier had saddled PetSmart with billions of dollars of debt to acquire Chewy, approached investors with a simple pitch: focus on services, such as grooming and training, that made the business resilient to online competitors.

The rule requires that 20 of the biggest U.S. lenders be able to rely on stable funding sources, such as long-term debt and customers’ deposits, in the event of a year long liquidity drought.

PE fundraising holds strong in the third quarter with BC, Long Ridge and Levine Leichtman raising new funds. Ardian takes stake in hand sanitizer chemicals maker to help fight Covid-19. LLR buys investment analytics provider.

Siris Capital founder Frank Baker gives $1 million to Spelman College, as private equity leaders focus on philanthropy. Mergers & Acquisitions Editor-in-Chief Mary Kathleen Flynn moderates discussion on consumer sector with TSG and L.E.K., hosted by Exponent Women. Deals from: KKR, Zynga and Avista.

The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.