The rise of the middle class in China is a “big tidal wave” that global investors have not fully recognised, and it is only a matter of time before the currently depressed market stages a rebound, according to the head of private-equity firm Primavera Capital. The healthy parts of the world’s second-largest economy, such as
There are a few reasons I couldn’t put down Private Equity, the new memoir of former hedge fund executive assistant Carrie Sun that is making waves for its entertaining and exhaustive detailing of the ins-and-outs of assistant work. For one, there is the lingering question over who exactly she is writing about. Specific names of
Powering nearly every large-scale venture capital firm and hedge fund are the teams of executive assistants who carefully plot out the time of the investors they work with—coordinating their calendars, managing their events, parsing through their pitch decks, and keeping their secrets. It is a tiresome job rarely given much attention or spotlight. Which is
Shake Smart CEO Kevin Gelfand will remain at the helm.| Photo: Shutterstock. The private-equity firm NewSpring has invested in the smoothie concept Shake Smart, the firm said Thursday. The investment comes through NewSpring Franchise, which is dedicated to franchise and multi-concept brands. The firm did not disclose whether it took a majority stake in Shake
for an entertaining image search getty There’s been a lot of talk recently among climate investors around the “first-of-a-kind” or “FOAK” challenge. Billions of dollars, both private and public, have been invested into the invention and development of new climate solutions — across the energy, waste, transportation, food and water landscape. And many amazing new
Baker Tilly US LLP is receiving an infusion of funding from a pair of private equity firms, Hellman & Friedman and Valeas Capital Partners, making it the biggest accounting firm to date to accept PE funding. The Chicago-based firm is splitting its attest and nonattest sides, as other auditing firms have done in recent years
Spirit Airlines came out fighting Friday as it looked to reassure investors with improved guidance and steps it has taken to shore up liquidity. The company also said it was assessing options to refinance 2025 debt maturities, which credit ratings agency Fitch described as a “significant refinancing risk” earlier this week. Shares of Spirit Airlines
Leading figures in the financial sector are shunning Davos this year, as the World Economic Forum fights to compete with a growing number of rival conferences around the world. Bank of England governor Andrew Bailey, Dame Anne Richards of Fidelity International, John Studzinski of Pimco and Hendrik du Toit of Ninety One have all opted
When ChatGPT burst into the public consciousness in early 2023, financial services firms initially reacted by banning their employees from using it. A year later, many executives are heralding generative AI as transformative for their business. AI as a key theme for 2024 may seem obvious. But what are the other trends that will affect
NEW DELHI: Investor interest in hospitals peaked this year with investments by private equity (PE) and venture capital (VC) firms rising by over 15 times to cross Rs 30,000 crore over a 4-year period from Rs 1,921 crore in pre-Covid 2019. This comes even as there is a slowdown in overall funding globally, with PE