“The capital need is in the trillions, not billions,” Ms. Anadu said. “It’s no secret that there’s a big market opportunity,” said Bennett Goodman, the executive chairman and a co-founder of Hunter Point Capital, an investment firm that backed Vistria in 2022. “What’s hard is being able to put together a scalable platform where you…
The private equity giant Blackstone is weighing taking a small stake in TikTok ahead of an April 5 deadline set by President Trump for the Chinese-owned app to change its ownership or face a U.S. ban under federal law, two people familiar with the situation said. Investing in TikTok would give Blackstone the chance to…
Private equity likes the long ball The San Francisco Giants, one of Major League Baseball’s most successful franchises, have sold about 10 percent of the team to the private equity group Sixth Street, Ken Belson and Lauren Hirsch are first to report. The team will use the cash to help pay for upgrades to the…
Nearly a month has passed since President Trump last spoke publicly of his desire to kill the carried interest loophole. (Yes, we know, some of you don’t consider it a “loophole.”) And yet the private equity industry, which stands to lose big if the president upends the tax break, is still bracing for a fight….
At the United States Agency for International Development, thousands of workers have been fired or put on administrative leave and many of its projects addressing global issues like health, hunger and education have been halted. Now, a former Goldman Sachs analyst and son of a private equity billionaire has ambitions to control some of U.S.A.I.D.’s…
President Trump’s keynote this week at a Saudi sovereign wealth fund’s conference in Miami Beach might have seemed like another jubilant pep rally attended by adoring fans and key lieutenants. Elon Musk sat in the front under a vast rotunda, not far from the real estate billionaire Steve Witkoff, now a White House special envoy…
Frontier Airlines is again trying to join forces with Spirit Airlines, three years after the companies failed to complete a proposed merger. On Wednesday, Frontier said it was willing to pay $2.1 billion in stock and cash for Spirit, a deal that would unite the nation’s two largest budget carriers and could reshape competition in…
When two longtime business partners established a subsidiary 50 years ago to make zinc out of an industrial complex set up by South Korea’s government, they settled on an unusual division of power. The new venture, Korea Zinc, would be managed by the Choi family. The existing parent company, Young Poong, would be run by…