Blackstone Group LP, the world’s biggest manager of alternative assets such as private equity and real estate, said first-quarter profit rose 30 percent as the carrying value of its holdings increased and it collected more fees.
The second major acquisition in Africa by Temasek Holdings Pte or one of its units in six months shows the growing interest in a continent where many countries are expanding faster then developed markets.
NBK Capital, the private-equity unit of National Bank of Kuwait SAK, hired Perella Weinberg Partners LP as adviser to sell its stake in a Saudi consumer- finance company, two people familiar with the matter said.
Carlyle Group LP, the world’s second-biggest manager of alternative assets such as private equity and real estate, hired Jeff Holland as head of the private client group in a push to expand its base of individual investors.
JPMorgan Chase & Co. tumbled as much as 5 percent, the most in 17 months, after reporting first- quarter profit that fell short of analysts’ estimates on lower revenue from fixed-income trading and mortgages.
JPMorgan Chase & Co., the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent.
TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.
When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists.