The deal for Crescent comes as many companies are struggling to stay alive through the coronavirus pandemic, and are turning to alternative lenders for money they can’t get from banks.
Morgan Stanley buys Eaton Vance, as it expands into asset management. Former Sun Capital executives form new PE firm that will invest in struggling businesses. L Catterton backs NordicTrack maker.
Asset manager Blueprint Capital Advisors sued New Jersey’s Division of Investment and BlackRock Inc., claiming they stole confidential business information and discriminated against the Black-owned firm.