I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
2 min read · 06 December 2018
KKR leads Cross River’s $100 mln raise; ArcLight explores secondary process on older fund; PE HUB readers respond to #metoo backlash
3 min read · 06 December 2018
3 min read · 06 December 2018
Trustology said Dec. 6 that it raised $8 million in a seed round led by Two Sigma Ventures. ConsenSys also participated in the round. Trustology, of London, is developing technology and services to help private and institutional clients secure digital assets.
3 min read · 06 December 2018
Cross River Bank said Dec. 6 that it raised $100 million in a round led by KKR. New investors include CreditEase and LionTree Partners. Also participating were returning investors Battery Ventures, Andreessen Horowitz and Ribbit Capital. KKR’s investment in Cross River is about $75 million. Cross River, of Fort Lee, New Jersey, provides banking services for financial technology companies.
4 min read · 06 December 2018
TPG has raised about $12 billion for its latest flagship fund and a pool that will invest alongside it in healthcare deals, Bloomberg reported. TPG’s goal is $14 billion for the fund, the story said.
1 min read · 06 December 2018
Shopko Stores, which is owned by Sun Capital Partners, has failed to find a buyer and is preparing for a bankruptcy filing, Bloomberg reported. Shopko is a general merchandise chain that Sun Capital acquired in 2005 for about $1.1 billion, the story said.
1 min read · 06 December 2018
Private equity firms are circling Nextstar Media Group, which is planning to sell a group of television stations as part of its buy of Tribune Media Co, Bloomberg reported. Cerberus Capital Management and Apollo Global Management LLC, as well as EW Scripps Co, Gray Television Inc, Meredith Corp and Tegna Inc, are interested in the stations, the story said. A formal process is expected to start in coming weeks, Bloomberg said.
1 min read · 06 December 2018
Salveo Capital said Dec. 6 that it has acquired a minority equity interest in Ascend Wellness. Financial terms weren't announced. Ascend is a cannabis company operating in Massachusetts, Illinois, and Michigan.
3 min read · 06 December 2018
Audax nears buy of 3 Rivers’ Phoenix Rehab; J.H. Whitney puts C.J. Foods up for sale; TPG’s Bonderman gets NHL team
2 min read · 05 December 2018
