Thursday, 24 July 2014
Last updated 15 hours ago
May 23 2011 | 2:44pm ET
A Chinese government-owned bank has agreed to take a stake in private equity giant TPG Capital.
China Development Bank Capital Co. signed the deal in Beijing today, with TPG co-founder Jim Coulter in attendance at the ceremony. Meanwhile, the bank has asked for regulatory approval to take the minority stake.
TPG has been taking on state-owned firms as minority investors in recent months, selling stakes to the Government of Singapore Investment Corp. and Kuwait Investment Authority.
Terms of the TPG-CDB deal are unclear; the Singapore and Kuwaiti sovereign wealth funds bought nearly 5% of the firm.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…