Storied investor Howard Marks penned a not-very-positive post on private equity subscription lines of credit, echoing our earlier warnings.
Read more...The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.
Read more...Private equity is getting defensive about its fees, and for good reason: its justifications for them are being exposed as hollow.
Read more...Why did CalPERS hire FTI Consulting to cover up for private equity firms?
Read more...The “Great Repeal Bill” repeals EU laws and gives the executive massive powers to rule by decree in the Brexit transition
Read more...FTI Consulting appears awfully casual about how it handles confidential client information, and in the process has done Apollo no favors.
Read more...CalPERS board member JJ Jelincic confirms yet another major lapse by private equity investors.
Read more...The Supreme Court slaps down lower courts and gives workers a key bankruptcy court win in Czyzewski v. Jevic Holding Corp.
Read more...A geeky accounting change in liability reporting may have real world consequences.
Read more...Misys’s private equity owner Vista is trying for an overpriced exit. As the saying goes, “Little pigs get fed, big pigs get slaughtered.
Read more...Following the money behind the campaign against public education.
Read more...CalPERS private equity returns are not pretty, but at least the giant pension fund seems to recognize private equity’s glory years are past.
Read more...The Los Angeles Times weighs in on a story we broke. It sharply criticizes CalPERS trustees for trying to gag their most effective member.
Read more...Rifts are opening up among the financial elite. Michael Moritz, a partner from Sequoia Capital, penned a New York Times op-ed that blasts fellow private equity big dog Steve Schwarzman of Blackstone for cottoning up to Trump and for making his living from squeezing American workers and benefiting from the carried interest tax loophole, which […]
Read more...CalPERS has managed to descend to a new low. Its strategy of trying to sweep fundamental problems under the rug has reached the point that the rug is not just lumpy but also starting to move. The latest shocker (and it is shocking) is that the board has launched a plan to strip JJ Jelincic, […]
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