Private Equity Turns to $3 Trillion in Unlocked Value for Loans
Some firms are using stakes in funds they manage as collateral. Investors are racing to make loans as demand increases. Private equity firms on the hunt for capital are increasingly turning to specialty lenders for financing and providing a valuable asset as collateral: stakes in their funds. The buyout industry has about $3 trillion of […]
Elon Musk says it’s now ‘impossible’ to take Tesla private
Elon Musk said that it’s now “impossible” to take Tesla private – even though doing so could lead to more innovation at the electric car maker. Tesla’s share price is nearly eight times higher than it was at the start of the year, and it entered the S&P 500 as its fifth-largest member on December 21. Musk, […]
