Monday, 27 April 2015
Last updated 31 min ago
Dec 17 2010 | 9:38am ET
An Abu Dhabi sovereign wealth fund is upping its stake in private equity giant the Carlyle Group.
Mubadala Development Co. yesterday announced a $500 million investment in Carlyle. Washington, D.C.-based Carlyle will use the money "to expand product lines and offerings to Carlyle's investors," while Mubadala will receive an unspecified amount of added equity and convertible bonds.
Carlyle is widely expected to go public in 2012.
Mubadala more than three years ago bought a 7.5% stake in the p.e. firm for about $1.3 billion. The firm last month agreed to invest $100 million in Russian hedge fund Verno Capital.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…