A Congressional investigation determined that U.S. funding helped fuel the growth of a sector now viewed by Washington as a security threat.
Category: Private Equity
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Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.
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The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits
The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
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Jeff Zucker’s Latest Bet: Prestige TV
The former CNN president will return to Hollywood by investing in the studio behind streaming hits like “The Morning Show” on Apple TV+.
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The Pentagon Road to Venture Capital
Here is a list of people who have jumped from the Pentagon and other government posts into jobs with venture capitalists that are backing defense technology startups.
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
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Bill Ackman’s Campaign Against Harvard Followed Years of Resentment
The billionaire investor has mounted a high-profile battle against Harvard president Claudine Gay over antisemitism and threats to Jewish students on campus, but long-held personal grudges play a part, too.
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Byron Wien, Wall Street Seer of the Unexpected, Dies at 90
A widely read financial analyst, he was known for his annual forecast “Ten Surprises.” But he was fallible, as when he predicted a President Hillary Clinton.
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Goldman Sachs Sells GreenSky BNPL Business
Goldman sells the consumer lender GreenSky after significant losses, less than two years after buying it.
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A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums
Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
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FTC Sues Anesthesia Group Backed by Private Equity, Claiming Antitrust
The federal agency claims the company’s practices amount to antitrust activity, a new salvo in the government’s scrutiny of health care consolidation that has led to higher prices.