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Private equity firm CIVC Partners has acquired a controlling interest in Cary Street Partners, a Richmond, Virginia-based wealth and asset manager overseeing approximately $10bn in assets under management, according to a report by CityWire.
Africa secured $3.6bn in venture capital funding in 2024, including $1bn from venture debt, with African investors forming the single largest group of active VC participants in the region for the first time, according to a data from the AVCA – the African Private Capital Association.
Mid-market private equity firm ECI Partners has appointed Neal Griffith as CFO designate. Griffith joins from pan-European private equity firm, Equistone Partners Europe, where he was CFO and Chief Risk Officer, having joined as Group Financial Controller in 2017.
Intel has agreed to sell a 51% stake in its Altera business to Silver Lake in a deal that values the field programmable gate array specialist at $8.75bn, establishing it as the largest standalone companies focused exclusively on FPGA semiconductor solutions.
A growing number of global pension funds are scaling back or pausing investments in US private markets, as geopolitical tensions and erratic trade policies under President Donald Trump spark concerns about capital stability and regulatory risk, according to a report by the Financial Times.
Global private equity giant KKR has named David Petraeus as Chairman of its Middle East business and established a dedicated investment team focused on identifying and executing opportunities across the Gulf Cooperation Council (GCC) region, according to a report by Reuters.
Brookfield Asset Management is placing a multibillion-dollar wager on the Middle East, emerging as one of the region’s most active foreign private equity investors amid a global slowdown in dealmaking, according to a report by Bloomberg.
Private equity firm AE Industrial Partners is weighing a potential sale of York Space Systems that could value the satellite manufacturer at more than $2bn, according to a report by Bloomberg, citing sources familiar with the matter.
Temasek-backed private equity firm ABC Impact has secured over $600m in its latest funding round, attracting capital from a diverse group of institutional and private investors as it continues to target high-impact investments across Asia, according to a report by the Wall Street Journal.
KKR is reportedly nearing a deal to acquire OSTTRA, the post-trade services joint venture between CME Group and S&P Global, for approximately $3bn, according to a report by Bloomberg citing unnamed sources.
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