Sycamore to Fund $24B Walgreens Buyout with 80%+ Debt
The industry average for take-privates in Q4 2024 was 53%. Experts worry this puts Walgreens at a high risk of default and bankruptcy.
Exclusives
TikTok’s annual carbon footprint is likely bigger than Greece’s, study finds
Average user generates greenhouse gases equal to driving an extra 123 miles in gasoline-powered car a year, data shows
Data center emissions likely 662% higher than big tech claims. Can it keep up the ruse?
Emissions from in-house data centers of Google, Microsoft, Meta and Apple may be 7.62 times higher than official tally
LACERA lowers infra allocation from 5%
Once targeting a 5% infrastructure allocation, LACERA’s board of investments has voted to lower
its infra allocation to 4% – nearly its current allocation, down from September's 5.5%.
its infra allocation to 4% – nearly its current allocation, down from September's 5.5%.
DTCP closes second digital infra fund on €1.1bn – exclusive
DIV II raised €1.12 billion, with €440 million committed to a sidecar, co-investment vehicle, bringing total funds raised to €1.56 billion.
Brian Chase leaves Quinbrook
Chase, a former MD at BlackRock, was brought on as global head of capital formation in 2021.
Global Infrastructure Finance targets $1bn with private EM bond fund
The open-end private fund received its first round of funding at the end of 2023. It seeks to reach $1bn over the next 18-24 months.
Old lessons, new ventures: Geoff Strong one year post-Apollo
In an exclusive interview, the industry veteran talks about leaving Apollo, setting up Northampton Capital Partners,
and why he’s not afraid to 'get creative.'
and why he’s not afraid to 'get creative.'
Quinbrook beats target to close debut UK impact fund on £620m
The fund, the first dedicated impact vehicle for the renewables manager, launched in 2020 seeking £500m from LPs.
KKR’s inaugural climate strategy is ‘industrials with an infra approach’
The firm has hired three new partners to its infrastructure platform, and registered the KKR Global Climate Fund, to kick off its unorthodox climate business.
Apollo terminates Dylan Foo as head of infra
The termination comes after Foo’s former co-head of infra, long-time staffer Geoff Strong, left the firm late last year.
Harrison Street to launch $750m energy transition fund
The fund marks the real estate investor’s second foray into infra, after its evergreen social infra vehicle.
3i reaches $500m first close on North American infra fund
The UK-based investment firm launched its first dedicated North American infrastructure fund last year, targeting $1bn.
Quinbrook hires Amazon renewables chief to lead data centre strategy
Co-founder David Scaysbrook tells us how tech veteran John Lucas will help the manager provide carbon-free energy solutions for data centres.
Other Hard News & Proprietary Content
Is $1.5 Million Enough for Early Retirement? Uncover the Realities of Financial Freedom
While most Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that.
One reason why more than $1.5 million is needed is due to expenses such as healthcare, inflation, and unforeseen costs.
Those looking to retire early should consider either continuing to work in some capacity or being more aggressive with their savings during their working years.
One reason why more than $1.5 million is needed is due to expenses such as healthcare, inflation, and unforeseen costs.
Those looking to retire early should consider either continuing to work in some capacity or being more aggressive with their savings during their working years.
The Surprising Hidden Costs of Your Dream Home: Why It's Not Just About the Marble Kitchen
Building prices have had a weak correlation with house prices in the past, but not anymore. Over the past ten years, building prices have had little to no impact on house prices.
According to a working paper from the National Bureau of Economic Research, the more likely culprit behind sky-high house prices is the rising price of land.
Other elements, like legal costs and insurance premiums, have also placed upward pressure on house prices.
According to a working paper from the National Bureau of Economic Research, the more likely culprit behind sky-high house prices is the rising price of land.
Other elements, like legal costs and insurance premiums, have also placed upward pressure on house prices.
Save Your First $100K and Unlock Wealth: Charlie Munger Says It's Hard, But Worth It
Legendary investor Charlie Munger called the first $100,000 difficult to earn but pointed out how compound growth makes all your future gains easier.
It takes 9.5 years to save $100,000 if you're putting away $650 per month at an average 7% annualized return.
After that decade, it only takes just under two and a half more to become a millionaire, showing the speed of growth under compound interest once you save six figures.
It takes 9.5 years to save $100,000 if you're putting away $650 per month at an average 7% annualized return.
After that decade, it only takes just under two and a half more to become a millionaire, showing the speed of growth under compound interest once you save six figures.
Retailers Are Creating Their Own Currency—Here’s What It Means for Your Wallet
The GENIUS Act, a law aiming to regulate stablecoins, was recently signed into law.
In response, major retailers like Amazon and Walmart are exploring their own stablecoins. Companies like PayPal have already launched their own.
These currencies might offer rewards, savings, and yields from digital wallets.
Experts are concerned that digital retailer wallets will result in less financial freedom and decreased data protection for consumers.
In response, major retailers like Amazon and Walmart are exploring their own stablecoins. Companies like PayPal have already launched their own.
These currencies might offer rewards, savings, and yields from digital wallets.
Experts are concerned that digital retailer wallets will result in less financial freedom and decreased data protection for consumers.
Think $1.5 Million Buys You Freedom? Here's the Truth About Early Retirement
While most Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that.
One reason why more than $1.5 million is needed is due to expenses such as healthcare, inflation, and unforeseen costs.
Those looking to retire early should consider either continuing to work in some capacity or being more aggressive with their savings during their working years.
One reason why more than $1.5 million is needed is due to expenses such as healthcare, inflation, and unforeseen costs.
Those looking to retire early should consider either continuing to work in some capacity or being more aggressive with their savings during their working years.
Why Economic Uncertainty is Worse Than Bad News for Small Business Owners
Small businesses cite uncertainty as a main challenge to their growth and survival.
That anxiety can affect both small business owners and employees.
That anxiety can affect both small business owners and employees.
Why 'Digital Shoplifting' Is Making It Harder for You to Get Your Online Refunds
Almost half of wealthy Gen Z and millennial shoppers admit to digital shoplifting, which takes many forms, from returns fraud to credit card disputes.
The practice is costly for retailers, who report a loss of 3.75 times the transaction value for each instance of digital shoplifting.
These costs are poised to be passed on to consumers via higher fees for return services, longer wait times for refunds, and higher prices on ecommerce platforms.
The practice is costly for retailers, who report a loss of 3.75 times the transaction value for each instance of digital shoplifting.
These costs are poised to be passed on to consumers via higher fees for return services, longer wait times for refunds, and higher prices on ecommerce platforms.
How to Tackle Rising Child Care Expenses Without Accumulating Debt
More than a third (36%) of young Americans (Generation Zers and millennials) saw their child care costs increase in 2025.
Experts stress that taking on debt is not the answer to funding these rising costs. Budgeting, finding secondary income sources, and cost-cutting are better methods.
When even those methods don’t do the trick, out-of-the-box solutions such as moving states, cohabitating with friends, or sharing child care costs and responsibilities with neighbors are becoming more common.
Experts stress that taking on debt is not the answer to funding these rising costs. Budgeting, finding secondary income sources, and cost-cutting are better methods.
When even those methods don’t do the trick, out-of-the-box solutions such as moving states, cohabitating with friends, or sharing child care costs and responsibilities with neighbors are becoming more common.
The Country With the Highest Retirement Age in the World Will Surprise You. Here’s How the U.S. Compares
Denmark will soon be tied with Libya as having the highest official retirement age, at 70 years old.
Other countries with high retirement ages include Australia, Greece, Iceland, Israel, Italy, the Netherlands, Spain, and the United States.
Countries with low official retirement ages often have high effective retirement ages, meaning people tend to work until their mid-60s regardless of where they live.
While the United States will avoid a raise in the retirement age this year, from 67 years old, the Republican Party has continually proposed this during budget talks.
Other countries with high retirement ages include Australia, Greece, Iceland, Israel, Italy, the Netherlands, Spain, and the United States.
Countries with low official retirement ages often have high effective retirement ages, meaning people tend to work until their mid-60s regardless of where they live.
While the United States will avoid a raise in the retirement age this year, from 67 years old, the Republican Party has continually proposed this during budget talks.
Who Carries Cash Anymore? The Surprising Amount Americans Have on Them Despite Cashless Options
The amount of cash Americans carry is decreasing, but still relatively high, at $67 in the pocket and $306 at home on average in 2024.
The number of cash-based transactions per month has held steady despite non-cash options, implying that cash has staying power.
Research from the Federal Reserve Bank of Atlanta suggests there are seven reasons people continue to carry cash, including anonymity in transactions and lack of middlemen.
The number of cash-based transactions per month has held steady despite non-cash options, implying that cash has staying power.
Research from the Federal Reserve Bank of Atlanta suggests there are seven reasons people continue to carry cash, including anonymity in transactions and lack of middlemen.
Is Buying Art at an Auction or a Private Sale More Profitable? Here’s What Experts Say
The global value of ultra-high-net-worth individuals’ art and collectible wealth may reach nearly $3 trillion by 2026.
Art bought at auction faces tailwinds when it comes to resale, but competition between buyers can lead to overpaying for pieces.
Private sales lack transparency, meaning it is harder to know a good price to pay and to find resale values down the line. However, knowledgeable buyers may find discount prices without the distraction of auctions.
Art bought at auction faces tailwinds when it comes to resale, but competition between buyers can lead to overpaying for pieces.
Private sales lack transparency, meaning it is harder to know a good price to pay and to find resale values down the line. However, knowledgeable buyers may find discount prices without the distraction of auctions.
Could the Beveridge Curve Signal Trouble in the Labor Market? Here's What to Watch
The Beveridge curve charts the relationship between the job vacancy rate and the unemployment rate in a labor market.
Typically, movement along the curve represents phases of the economy: from recession to expansion. A shift in the entire curve represents massive changes in the efficiency of labor markets, or the ability to match unemployed people to available jobs.
Many fear that with a rising unemployment rate and rising job vacancy rate, the Beveridge curve is shifting outwards again in the United States, much like it did during the pandemic; this could signal higher unemployment down the line.
Typically, movement along the curve represents phases of the economy: from recession to expansion. A shift in the entire curve represents massive changes in the efficiency of labor markets, or the ability to match unemployed people to available jobs.
Many fear that with a rising unemployment rate and rising job vacancy rate, the Beveridge curve is shifting outwards again in the United States, much like it did during the pandemic; this could signal higher unemployment down the line.
How to Conquer Your Fear of Investing and Start Growing Your Portfolio
Fear of investing is common. According to a 2024 World Economic Forum survey, 40% of people surveyed held off on investing in the market due to fear of losing money.
But waiting to invest can often cost people more money than they save by trying to time the market and invest at the right moment.
There are plenty of low-risk, easy investments that people can start with, such as exchange-traded funds (ETFs) and mutual funds.
But waiting to invest can often cost people more money than they save by trying to time the market and invest at the right moment.
There are plenty of low-risk, easy investments that people can start with, such as exchange-traded funds (ETFs) and mutual funds.
Do You Need to Dump Your Financial Advisor When You Move States?
A record number of investment advisors are registering at the SEC level, not the state level, meaning they can handle an interstate move.
However, whether or not you should keep your financial advisor when you move states depends on a number of factors.
Factors include whether you want to end an established relationship with your current advisor, if they’re legally registered to advise you where you move to, and if they’re familiar with that market.
However, whether or not you should keep your financial advisor when you move states depends on a number of factors.
Factors include whether you want to end an established relationship with your current advisor, if they’re legally registered to advise you where you move to, and if they’re familiar with that market.
As Hot Healthcare Market Cools, Unicorn Huma Plans Buying Spree
Last month, Huma Therapeutics, a hospital-at-home patient monitoring platform, picked up Aluna (also known as Knox Medical Diagnostics Inc.), an American company specializing in remote monitoring and management of respiratory diseases.
Could ChatGPT Be the Financial Advisor You Didn't Know You Needed?
Experts warn that AI tools can sound convincing but often rely on outdated info and lack personal context.
Specialized platforms like Quest IndexGPT and AIEQ ETF offer institutional, data-driven alternatives to all-purpose generative AI.
Experts recommend using AI for education and exploration, but not decision-making; human financial advisors remain essential for reliable planning and investing.
Specialized platforms like Quest IndexGPT and AIEQ ETF offer institutional, data-driven alternatives to all-purpose generative AI.
Experts recommend using AI for education and exploration, but not decision-making; human financial advisors remain essential for reliable planning and investing.
Why 'Millionaire Migration' Matters and How It Impacts Your Investments
Millionaire departures can harm local economies by reducing investment and weakening high-end job-creating sectors.
A country losing its millionaire population often signals broader economic or political instability.
Wealthy Americans are emigrating in record numbers post-2024 election, the UK is losing affluent residents, and Chinese millionaire migration continues to grow.
A country losing its millionaire population often signals broader economic or political instability.
Wealthy Americans are emigrating in record numbers post-2024 election, the UK is losing affluent residents, and Chinese millionaire migration continues to grow.
Where the Ultrarich Are Flocking: The Surprising Reasons Behind Their Moves
High-net-worth individuals (HNWIs) typically have more than $1 million in net worth, though definitions vary.
The United States was the world’s largest private wealth hub in 2024, holding over a third of global liquid wealth and 37% of all millionaires.
The 2024 election has threatened this dominance, with the number of American millionaires looking to relocate doubling year over year in Q1 2025.
Wealthy Americans are drawn to European residency programs but are also seeking citizenship opportunities in nontraditional countries.
The United States was the world’s largest private wealth hub in 2024, holding over a third of global liquid wealth and 37% of all millionaires.
The 2024 election has threatened this dominance, with the number of American millionaires looking to relocate doubling year over year in Q1 2025.
Wealthy Americans are drawn to European residency programs but are also seeking citizenship opportunities in nontraditional countries.
How Owning Wine Stock Can Uncork Unexpected Perks
Shareholder perks in the wine industry are growing, offering investors discounts, tastings, and exclusive access to special events.
Most wine companies are privately held, and even public ones often keep perk details buried or undisclosed. However, at least four public companies currently offer tangible benefits to qualifying shareholders.
As companies recognize retail investors’ brand loyalty, these programs are becoming more common, though details vary and are often hard to track.
Most wine companies are privately held, and even public ones often keep perk details buried or undisclosed. However, at least four public companies currently offer tangible benefits to qualifying shareholders.
As companies recognize retail investors’ brand loyalty, these programs are becoming more common, though details vary and are often hard to track.
PE-Backed Companies Dominated Q1 2025 Debt Defaults
According to Fitch Ratings, 15 of the 23 leveraged loan and high yield debt defaults in Q1 were by private equity-owned companies. Portcos also dominated large bankruptcies.
Why Morgan Stanley Missed the $6B Mark on its Fourth Infra Vintage
Morgan Stanley (NYSE: MS) launched the fourth vintage of its flagship infrastructure fund series, North Haven Infrastructure Partners IV, in 2022. By March 2023, the fund had raised $4 billion. It stayed in the market for another two years, stagnant. Here’s what happened.
Sycamore to Fund $24B Walgreens Buyout with 80%+ Debt
The industry average for take-privates in Q4 2024 was 53%. Experts worry this puts Walgreens at a high risk of default and bankruptcy.
PE Ownership and Bankruptcy Link Strengthens in Healthcare, Retail for 2024
Companies in these sectors with private equity backing were far more likely to go bankrupt than their non-PE-backed counterparts, according to new research.
Small Exits Outperformed Large Ones in 2024
Paradoxically, lower enterprise values at exit were associated with higher value creation multiples, according to Preqin data. How?
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