Saturday, 20 September 2014
Last updated 17 hours ago
Apr 2 2013 | 11:47am ET
The Blackstone Group may make a play for Credit Suisse's private-equity secondaries platform.
The Swiss bank is selling its CS Strategic Partners unit to comply with the U.S. Volcker rule, which strictly limits banks' participation in the private equity and hedge fund industries. Credit Suisse sent out marketing materials for the business late last year.
Blackstone is mulling a bid for the unit, Financial News reports. CS Strategic Partners is among the leading p.e. secondaries platforms, having debuted in 2000 and last year closing its fifth fund with $2.9 billion. That fund had an internal rate of return of 89% through June; a fund that closed in 2008 had an internal ROR of 17%.
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.