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Rackspace Trading Halted on Report of Private Equity Talks
Updated from 5:17 p.m. EDT: A Rackspace spokeswoman reponded by email to say that the company does not comment on “rumors and speculation.” Trading in shares of Rackspace was halted late Thursday after...
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Paul Capital Investors Won’t Have To Pay All Those Fees After All
In 2014 I wrote about the wind-down of Paul Capital, and how the veteran private equity fund-of-funds manager was continuing to charge full fund management fees despite having laid off nearly all its...
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The New Case Against Clinton’s and Trump’s War on Carried Interest
Both Hillary Clinton and Donald Trump have proposed tax plans that would include carried interest being reclassified as ordinary income. Or, put another way, America’s next president wants to raise...
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Exclusive: UBS Loses Senior Private Equity Executive
Private equity veteran Gerald Cooper has stepped down as global co-head of secondary market advisory for UBS UBS , Fortune has learned. Cooper had been a New York-based executive with the Swiss bank...
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PJT Poaches Private Equity Exec from Morgan Stanley
Jonathan Costello has quietly resigned as managing director and head of secondaries private equity for Morgan Stanley MS , even though he was leading a $1 billion-targeted fundraise for a GP...
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SEC Nails Private Equity Firm Apollo for Misleading Investors
Apollo Global Management APO has been caught misleading investors in its private equity funds. The U.S. Securities and Exchange Commission (SEC) on Tuesday announced that Apollo has agreed to a $52.7...
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The Clinton Foundation’s Private Equity Puzzle
There has been a lot of talk this month about The Clinton Foundation, but did you know that the organization has a private equity fund? Or at least that it did? Or that it still does? Again, it’s...
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China Vanke Reportedly Plans to Buy a Shanghai Tower From Carlyle
China Vanke is seeking to buy Central Plaza in Shanghai from private equity firm Carlyle Group for around 2.46 billion yuan ($368.94 million), Basis Point reported on Friday, quoting sources. Vanke,...
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Private Equity Firms Struck Hushed Deals With Foreign Funds
Some U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee-saving deals without telling other investors, according to people involved in...
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When Investors Should Buy on the Buy
Boston Consulting Group this week released a new report that suggests traders have shifted their attitudes toward the buy-side of mergers and acquisitions. Specifically, it shows that the stocks of...
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Here’s Data On How A Lot of VC and Buyout Funds Are Doing
The vast majority of performance information on venture capital and private equity funds is kept under wraps, even by many public pension systems and state university endowments. But several of these...
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Intel Spins Out Security Business With Private Equity Help
Intel is spinning out its security business with help from private equity firm TPG, as the chip giant focuses more on its top growth opportunities. Intel will collect $3.1 billion in cash and retain a...
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The Uber-Rich Have as Much Trouble Investing as You
Having trouble deciding where to put your money now that everything seems expensive? Well, that’s something you have in common with the uber-rich. New research out Thursday shows that so-called ‘family...
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These Two Universities Have Graduated the Most Venture Capital-Funded Female...
Two universities soar above the competition when it comes to producing venture capital-backed female founders. According to new data released Thursday from PitchBook, a venture capital and private...
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Thoma Bravo Co-Founder Talks Debt and That Giant New Fund
Thoma Bravo, a private equity firm focused on software and tech-enabled services companies, this week announced that it has closed its twelfth flagship fund with $7.6 billion in capital commitments. So...
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Exclusive: Helen Greiner Is No Longer CEO of CyPhyWorks
Robotics pioneer Helen Greiner is no longer CEO of CyPhyWorks, the drone company she founded back in 2008, Fortune has learned. She will move into a chief technical officer role, while the CEO spot...
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Britain’s SVG Capital Just Rejected A Hostile Bid From U.S. Rival HarbourVest
Britain’s SVG Capital rejected a hostile bid by U.S. rival HarbourVest on Friday, saying the $1.35 billion offer undervalued the listed private equity firm, and it was in talks with other potential...
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Exclusive: Vista Equity Buying Infoblox for $1.6 Billion
Network software and security company Infoblox Inc. has agreed to be acquired for around $1.6 billion by tech-focused private equity firm Vista Equity Partners, Fortune has learned. An announcement...
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Why the Most Significant Part of the JOBS Act Has Yet to Catch On
Like many small-business owners, Crista Freeman relied on personal savings when she first started her company, Phin and Phebe's Ice Cream. It was a small operation: from her Brooklyn, N.Y., apartment,...
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The Ghost in the VC Machine
Sienna Ventures is the latest fake VC firm. What’s happening, and who’s behind it? Beginning last month, mid-level technology and financial executives began receiving tantalizing emails from a venture...
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