Sinead Colton Grant, the chief investment officer at BNY's wealth division, said the traditional strategy of splitting your portfolio 60% on stocks and 40% on bonds no longer yields the same returns. "What a 60/40 portfolio would have given you in the late 90s in terms of exposure to the broader global economy - that's giving you something a lot more narrow today," she said. "If you look at the changes in market structure over the last 20-plus years, they have brought us to a place where to have full exposure to the economy, you need to have exposure to private assets," she added.
Ensemble Health, a major player in healthcare revenue management, is seeking a potential $13 billion sale or IPO next year, Business Insider has learned. Ensemble, owned primarily by private equity firms Warburg Pincus and Berkshire Partners, has tapped JPMorgan to pursue a sale, five people with knowledge of the deal told Business Insider. At the same time, Ensemble is considering an IPO and has pulled in Goldman Sachs to support the dual-track approach, three of the people said.
For most people, it's natural to assume that if something is exclusive to the wealthiest echelons of society, it must be better. Asset management firms looking to access trillions of "retail" investor dollars explicitly reference this exclusivity when marketing private equity offerings. But investors should be wary when fund marketers talk about "democratizing investing" or opening access to areas previously only available to the elite.
Several investors have built strategies focused on long-term structural trends, accepting near-term volatility in exchange for exposure to multi-decade opportunities. These individuals identify fundamental shifts in demographics, technology, or economic organization that create persistent tailwinds for specific sectors or geographies. This approach requires conviction to maintain positions through market cycles and patience to allow theses to play out over extended periods. Investors pursuing long-term structural strategies often accept illiquidity, concentrate portfolios more than conventional wisdom suggests, and communicate perspectives that diverge from consensus views.
The acquisition sees a gutting of key leadership at the auction house: Chabi Nouri has left as chief executive officer and Céline Assimon has stepped down as chief commercial officer. Nouri was appointed to the role only last year, while Assimon joined in 2023. Meanwhile, Alex Lejeune, currently Bonham's chief financial officer, will leave at the end of the year.
"All public AAA companies have overemphasized 'returning value to shareholders' over taking care of all stakeholder groups, including labor," he said. "Now, that will be shifted to keeping the company afloat amidst enormous debt payments and servicing [private equity] owners."
This was both a short- and long-term opportunity that was hard to pass up, given where the market is today in the mortgage space and the amount of M&A volume we're going to see over the next zero to five years, Guzzo said in an interview. It's going to be a very active time in the markets.
Franchise-focused private equity firm Franchise Equity Partners (FEP) announced it acquired a majority stake in 7 Crew, the second-largest franchisee of the fast-growing U.S. coffee chain 7 Brew. With the deal, FEP said it is following through on plans to open more than 200 7 Brew drive-through locations across Texas, Florida, Oklahoma and New Mexico. Existing 7 Crew investors Masked Rider Capital and Red Sky Holdings are retaining significant equity stakes in 7 Crew, which currently operates approximately 50 7 Brew locations,
As the UC system asks its supporters to stand up against the federal government's demand for $1 billion from UCLA, it throws 160 of its own under the bus. In a cynical act of self-service, UC's leadership has given the names of those who practiced free speech, endangering their lives and livelihoods. As a Berkeley alum, I am appalled by this decision.
On August 7, 2025, U.S. President Donald Trump signed an executive order titled "Democratizing Access to Alternative Assets for 401(K) Investors." Trump's executive order defines alternative assets in a very broad manner to include private equity and private credit, real estate, commodities, and cryptocurrencies. At any rate, with nearly $9 trillion being currently held in 401(K) plans, this executive order represents a historic shift that could potentially reshape how people save for retirement and have indeed major effects on the economy.
One of my favorite restaurants is Milk & Honey in Harlan, Iowa, a small town in the western part of the state. The restaurant is run by Ellen Walsh-Rosmann, who is also a farmer and a mother. Milk & Honey has a delicious homemade strawberry jam that's way better than the normal mediocre corn syrup-based jam packets served at most diners. Their skillets include chorizo made from pork raised on Ellen's farm.
"This investment marks a turning point, not just for Sherbet, but for the future of the black cab industry," said Moses. "The black cab is a globally recognised symbol of London - trusted, iconic and deeply woven into the city's identity. Yet for too long, it has lacked a dedicated guardian committed to modernisation."
After a 2018 bankruptcy, Claire's underwent a strategic restructuring that eliminated nearly $2 billion in debt and appeared to be headed toward a turnaround. It hired top talent like Kristin Patrick, former executive at Gap and Calvin Klein, who became CMO. And it opened "store within a store" concepts at Walmart and CVS. Back then, the company said it was headed toward an initial public offering that could raise up to $100 million.
In the last 18 months, at least eight US hospitals have closed their doors after being bought and sold by private equity firms. For years, the private equity industry has stirred controversy when its investments in healthcare, retail, and restaurants have gone south. Whenever things go wrong with private equity, people in the industry point to its economic benefits. These investments don't just benefit ultra-wealthy people, they say.
In addition to a list of closing stores, the filing also includes a list of more than 800 locations that were marked as "non-closing stores." Claire's deal with with the Ames Watson buyer group-dubbed AWS Claire's LLC-includes an agreement for the group to take over at least 795 locations. That means additional closures are likely to be announced as the buyers review Claire's physical footprint to determine which stores are most financially viable. Fast Company reached out to Ames Watson for comment.
OpenAI isn't a publicly-traded company - yet, at least - and as such, the company's express written consent is necessary for the sale or transfer of its equity. But that massive caveat has not, apparently, stopped sleazy operators from trying to rip would-be investors off with shady promises of buying into the red-hot artificial intelligence giant. In a new blog post, OpenAI warned that there are bad actors out there attempting to make "unauthorized opportunities to gain access" to the company.
I didn't go to college. I joined the Army at 18 and served for nearly five years. After I got out, I worked the front desk at a gym. I kept seeing a group of guys who wore nice clothes and drove nice cars. I asked them what they did for work, and they told me they worked for CDW. Even though I had no experience working in tech, they helped me get hired in tech sales. I went to work for CDW in 2008.
With Thoma Bravo, we are partnering with a truly special organization to accelerate our business - with our focus, resources, and product innovation all laser-pointed on leaping forward as the HCM leader for a world of work shaped by AI.
Medical staff at Santa Barbara county jail misdiagnosed a 57-year-old inmate's severe condition, mistaking symptoms of a perforated stomach for opioid withdrawal, leading to her death.
Mid-market private equity investment in London fell in the first half of the year, declining by 14% compared to H1 2024, resulting in 168 deals.
The news today that Canadian telecom and broadband provider BCE has completed its acquisition of Ziply Fiber marks the first instance of a private equity firm cashing out on a telecom and broadband investment.
Private equity firms frequently prioritize short-term profits, compromising the long-term sustainability of businesses. This creates negative consequences for workers, consumers, and the overall economy.