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Preservation Capital Partners, the European mid-market PE firm focused on financial and business services, has closed its third fund at its €877m hard cap after an oversubscribed fundraising which took just six months.
The post Preservation Capital Partners closes third fund at €877m hard cap, doubling predecessor vehicle appeared first on AltAssets Private Equity News.
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Investors will be looking for updates on Netflix's ad-supported business, engagement metrics and how the streaming giant continues to consider potential M&A.
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The F.D.A. Approves a New Pill to Slash Cholesterol Levels The New York TimesFDA nod to Merck's cholesterol pill opens a new frontier in cardiovascular care Baton Rouge Business ReportFDA Approves First-of-Its-Kind Cholesterol Pill, Ushering In New Wave of Treatment WSJDrugmaker Merck announces approval of new cholesterol-fighting drug
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Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman CNBCWarsh Tells Congress the Fed Has ‘No Tolerance' for High Inflation WSJBusiness The EconomistTakeaways from Fed Chairman Kevin Warsh's first congressional testimony CNN
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Czech private equity firm Genesis Capital has rebranded to Stratum Partners alongside the launch of its second fund, which is targeting €65m to invest in small and medium-sized businesses across the Czech Republic, Slovakia and the wider Central European region.
The post Genesis Capital rebrand Stratum Partners eyes €65m for second fund targeting Central European SMEs appeared first on AltAssets Private Equity News.
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AI is everywhere, and if you have spent any time evaluating tools for your business, you already know the gap between pitch and payoff is wide.
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Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
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The philanthropist and businessman issued a strong critique on a growing financial sector.
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Just like loading up your kitchen with chef-worthy appliances won't automatically make you a better cook, cluttering your life with new AI tools won't necessarily make your business more efficient or profitable.
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AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.
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