Monday, 22 September 2014
Last updated 2 min 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.
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.