Fresh business school graduates are raising “search funds” from willing investors to buy companies they can lead.
Category: Private Equity
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New York Community Bank Raises $1 Billion in Emergency Cash
Investors include Steven Mnuchin, who joined the board of the struggling midsize lender.
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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal
The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.
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The New N.F.L. Owners?
As team valuations skyrocket, the league is weighing whether to relax ownership rules that prohibit investment from private equity funds.
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American Firms Invested $1 Billion in Chinese Chips, Lawmakers Find
A Congressional investigation determined that U.S. funding helped fuel the growth of a sector now viewed by Washington as a security threat.
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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.