Friday, 19 September 2014
Last updated 45 min ago
Feb 26 2010 | 12:24pm ET
The Carlyle Group is increasing its investment activity in china with a new joint-venture.
The Washington, D.C.-based private equity giant and Fosun Group, which manages more than US$10 billion, have launched a US$100 million global growth fund. The new vehicle, which is denominated in Chinese yuan, will invest in high-growth companies around the world.
Carlyle and Shanghai-based Fosun already jointly invest in a Chinese baby formula company.
Carlyle also announced plans for future yuan-denominated funds.
“By working with local partners like Fosun, we expect to make investments that benefit high-growth companies and enhance the local private equity industry,” Carlyle co-founder David Rubenstein said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.