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Stephen Schwarzman, the CEO of the world’s largest private equity firm, Blackstone, earned $896.7m in pay and dividends in 2023, an almost 30% decline from the record $1.26bn he took home in 2022, according to a report by Reuters.
SeventySix Capital, a VC fund investing in early-stage sports, media and entertainment companies, has promoted Managing Director Chad Stender to Managing Partner alongside the fund’s Founder, Wayne Kimmel.
European growth investment firm Verdane has held final close of Verdane Edda III at €1.1bn, in excess of its original fundraising target. Verdane has now closed two funds above target in the past six months for a combined €2.2bn.
Ares Management’s special opportunities strategy, currently a business within its private equity group, will be joining the firm’s credit group and renamed opportunistic credit.
Global buyout major KKR is closing in on a deal to acquire Broadcom’s VMware end user compute (EUC) business for around $3.8bn, following Broadcom’s $69bn purchase of VMWare last year, according to a report from Reuters.
The UK’s former Deputy Prime Minister Dominic Raab has started new roles with private equity firms Manchester Square Partners and Appian Capital Advisory, according to a report by The Guardian citing the latest MPs’ register of interests as of 19 February 2024.
Dallas-based private equity firm CenterOak Partners has sold SurfacePrep, a global distributor of surface enhancement solutions, to Rhode Island-based middle-market private equity firm Nautic Partners, marking CenterOak’s second exit in 2024 following that of CollisionRight last month.
TOP STORY: Goldman Sachs has secured $1bn from Abu Dhabi sovereign wealth fund Mubadala Investment Company for more private credit deals in Asia, according to a report by Bloomberg, with the two businesses set to make co-investments with a particular focus on India.
Victory Park Capital, a global alternative investment firm specialising in private credit, has appointed Stephanie Mesheski as Principal on the Investor Relations & Marketing team, working alongside Sora Monachino, MD & Head of Investor Relations.
Phoenix Equity Partners, a growth-focused private equity firm, has sold Global Freight Solutions, an enterprise carrier management company, to e-commerce fulfilment specialist International Logistics Group, part of the Yusen Logistics/NYK group of companies.
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