A private investment fund created last year by billionaire Zhang Yiming – founder of TikTok’s Chinese parent company ByteDance – has received a licence from Hong Kong’s securities regulator to conduct asset management, paving the way for the young entrepreneur to use Hong Kong as a base to manage his wealth. The Securities and Futures … Read more
The biggest relocation lease of October was private equity powerhouse TPG’s move to eight high floors in Tishman Speyer’s Spiral, aka 66 Hudson Boulevard. Its 301,276 square feet was runner-up in size only to Bloomberg’s 749,000 square feet at 919 Third Ave. that was mostly expansion space at the same location. TPG will move from 888 … Read more
Back in 2005, when Garrett Brizendine was a marketing student at Johnson & Wales University, he adopted the Anthony’s Pizza & Pasta store at East 29th Avenue and Roslyn Street as his own. “I lived in President’s Hall at the corner of 17th and Quebec, about five minutes away,” Brizendine said, “so that Anthony’s was … Read more
Foreign asset managers will be given more freedom in making private equity and venture capital investment as the city cranks up growth in the financial and technology sectors, mayor Gong Zheng said, amid signs geopolitical tensions and regulatory clampdown have thwarted inflows. “International asset managers will be encouraged to invest more in Shanghai’s technology firms … Read more
RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more
If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more
The National Football League will reportedly approve a new rule allowing team owners to sell a piece of their franchises to private equity firms — setting the stage for a potential windfall that could drive up the value of clubs by billions of dollars. The owners, who began their annual meeting on Tuesday, are weighing … Read more
Financial success is often viewed as a critical indicator of achievement, and understanding wealth benchmarks is a crucial tool for gaining valuable insights into economic stratification. Wondering how much net worth it takes to ascend into the upper echelons of America’s wealthiest is a very common thought. However, figuring out where you stand on the … Read more
Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company. Based in Longueuil, Que., Héroux-Devtek is one of the … Read more
New York Mets owner and CEO Point72 Steven A. Cohen, 67, recently disclosed that he is bullish on AI’s long-term prospects and described it as a “really durable theme” for investing. According to sources, he plans to launch a separate, AI-focused hedge fund that trades AI hardware and semiconductor firms worldwide. The asset management firm … Read more
