Investments

KKR recommends investors stay underweight many high-flying yet unprofitable companies funded by venture-capital firms or in the early stages of growth.

Eli Lilly acquires Demira. Goldman Sachs' merchant banking division buys Aptos. Visa purchases plaid.

Accolade Partners, BlackRock Gemini, Bridgepoint Co-investment and Pharos Capital are raising capital, according to SEC filings.

Last year’s winners included TA Associates, Nike, Fortive and Hollie Haynes, the founder of Luminate Capital Partners. Who will win this year?

Call for Nominations: Deadline is Feb. 7 for M&A Mid-Market Awards. We've named the 2020 Most Influential Women. What's ahead for M&A in 2020? We ask bankers from KeyBanc, Stifel, William Blair. In deal news, XPO Logistics is looking to divest one or more assets.

Call for Nominations: Deadline is Feb. 7 for M&A Mid-Market Awards. We've named the 2020 Most Influential Women, including William Blair's Shay Brokemond. What's ahead for M&A in 2020? We ask bankers from Stifel, Piper Jaffray, William Blair. In fundraising news, Pathway Capital has raised its second private credit fund.

The Abu Dhabi Investment Authority is reportedly preparing to sell around $2 billion of its stakes in private-equity funds, amid an increasing push toward direct investments by the sovereign wealth fund.

Call for Nominations: Deadline is Feb. 7 for M&A Mid-Market Awards. We've named the 2020 Most Influential Women. What's ahead for M&A in 2020? We ask bankers from Stifel, Piper Jaffray, William Blair. In fundraising news, Siguler Guff raised its fourth fund that focuses on lower mid-market deals.

Often dismissed by bankers as winning work mostly on its own deals and not often in the lead role, KKR says more than half of the debt deals it manages are now done for third parties.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21 percent in the fourth quarter, pushing annual earnings to a record $36.4 billion.