Private Equity Gets Into The Professional Sports Game
Who doesn’t love a winning team, especially when it reaps rewards? Private equity investors showed their affection for professional sports in 2021, spending nearly $2 billion on stakes in U.S. franchises according to PitchBook, a database that tracks the private and public equity markets...
TCI, Citadel Steer Leading Hedge Fund Managers To Record $65B In...
Last year, sizable earnings at Sir Christopher Hohn's TCI and Ken Griffin's Citadel led the way as the top 20 best-performing hedge fund managers made some of their largest gains in over a decade. The list of managers, which also features Paul Singer of Elliott Management and Israel Englander of Millennium Management, represents gains of $65.4 billion...
Alternative Investment Platform CAIS Becomes Unicorn Through $225M Funding
With a newly updated valuation of over $1 billion, alternative investment platform CAIS has officially reached unicorn status. The firm received $225 million in capital in a funding round led by alternative asset manager Apollo and PE investor Motive Partners...
As More Investors Move Toward Crypto, Ripple Is Losing Steam
Ripple, which describes itself as “the only enterprise blockchain company today with products in commercial use by hundreds of customers in 55+ countries” and was founded in 2012, offers a payment settling software called Ripple Net. Ripple uses a cryptocurrency token known as XRP in order to settle transactions...