Thursday, 18 September 2014
Last updated 1 hour ago
Apr 17 2014 | 1:58pm ET
Bain Capital has raised $7.3 billion for its next flagship private-equity fund, topping its target by a half-billion.
Investors committed $6.5 billion to the fund, which will focus on North America. Boston-based Bain had hoped to attract $6 billion from clients.
Bain employees chipped in an additional $800 million.
Bain has not raised a North America-focused fund since before the financial crisis. The new fund brings Bain’s assets under management to about $75 billion.
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.