Private Equity

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Nuveen to Buy 12% Stake in Preston Hollow After Ending Feud

Nuveen will acquire a 12.4% stake in Preston Hollow Community Capital under a previously announced deal with the private lender to cities, hospitals, universities and real estate developers, according to a securities offering prospectus.

By Martin Z. Braun

Goldman COO Says ‘Mini Stagflation’ Possible: Bloomberg Invest

The Bloomberg Invest conference resumed Thursday with some of the most influential leaders in finance gathering in New York for conversations on a wide range of topics, including artificial intelligence, cryptocurrencies and venture capital.

The Treasuries Tsunami Is No Deathtrap for Banks: Paul J. Davies

With the US debt ceiling standoff defused, the Treasury can start borrowing big money again. The government is forecast to issue up to $1 trillion of debt this year in short-term bills, sucking cash out of the US financial system. This has some bank analysts and market strategists fretting about the dangers to financial stability and the valuation of stocks or other risky assets.

AI Firm Cohere Raises $270 Million With Oracle, Nvidia Backing

Artificial intelligence startup Cohere has raised $270 million from a mix of venture capital and strategic investors including Oracle Corp. and Nvidia Corp., an executive said in an interview.

Vegas’ Top Landlord Looks at Spas, Water Parks for Future Growth

Born out of the casino industry’s biggest bankruptcy, Vici Properties Inc.has become one of the more surprising success stories in the gambling business.

BlackRock Seeking to Become One-Stop Shop for Private Assets

After dominating bonds and equities investing for years, BlackRock Inc. is looking to become a one-stop destination for clients in private markets, a more lucrative area of finance.

Al Gore’s Investment Firm Gets $1.5 Billion for New Venture

A venture started by Generation Investment Management, the asset manager co-founded and chaired by Al Gore, has raised $1.5 billion for its first climate fund after drawing in some of the world’s biggest institutional investors.

FINANCE BRIEFING: Scott Says Senate Negotiating Failed Bank Bill

The top Republican on the Senate Banking Committee said he’s still hashing out the details of legislation addressing recent bank failures the panel’s Democratic chair wants to advance this summer.

Actis, Edra Eye Egyptian Power Plant in Possible $2 Billion Deal

Actis LLP and Edra Power Holdings Sdn Bhd revived their interests in buying a major Egyptian power plant, in a deal that may be worth about $2 billion and would boost the North African nation’s troubled economy.

PGA Tour U-Turn Casts Monahan as Beleaguered Managing Partner

In an analogy comparing Big Law mergers to the PGA Tour’s proposed tie-up with the Saudis, PGA Tour commissioner Jay Monahan is cast in the role of a managing partner selling an unpopular deal to a deeply divided group, and he’s lost the most important currency for a leader of a partner-run organization: Trust.