Firm could face two dozen suits from police, firemen and other Philadelphia public employees alleging millions in damages, according to two attorneys handling the claims.
Private-equity backers embrace the expanded access to investors.
The market sell-off highlights the virtues of hedging.
Just 22% say they plan to expand use of outside private-equity funds
Before the market's sell-off, banks had turned investments linked to volatility into a hot item.
GPB Capital sued a former business partner, alleging he reneged on a transaction
Largest digital currency broke below $8,000 for the first time since November; it's down more than 50% from its December peak.
Legislation would allow business development companies to increase debt-to-equity ratio to 2:1, up from 1:1.
Digital currencies are the future of money, but bitcoin probably isn't the ultimate winner.
Hedge fund manager sees the Federal Reserve tightening policy faster than expected.
Investors in such instruments are eligible for a 20% tax deduction as a result of the pass-through provision.
Advisers considering independence have new, high-tech options
Nontraded REIT sales finishing 2017 near a low, though one variety generating new life.
New platforms provide a curated menu of products like private equity, private credit, venture capital, real estate and hedge funds.
The current environment is one step along the continuum toward transparent pricing in alternative assets.
Voya latest firm to unload variable annuity contracts to PE firms.
Cboe temporarily halts trading twice to calm market, as initial volume exceeds dealers' expectations.
With $18 billion in assets, FS Investments and KKR will have the largest BDC on the market.
Several factors, including consolidation in the independent advice industry and PE's own growing mountain of cash, are fueling the zeal to invest.
