| Happy Saturday! This week was a nonstop S-1 filing frenzy. Just to name a few: Unity, Sumo Logic, Asana, Jfrog, and Snowflake all filed on Monday; Palantir's S-1 flipped on Tuesday; and digital health startup GoodRx revealed its IPO documents on Friday. While there's a long list of companies gearing up for public debuts, be it through direct listings or IPOs, more investors are also getting the green light to pile into private markets. The SEC announced this week that it's "modernizing" its definition of an accredited investor. Now, instead of meeting an income or asset threshold, investors will basically just need to demonstrate that they're knowledgeable enough about private markets to jump in. At BlackRock, meanwhile, the business of offering assets like private equity, hedge funds, and real estate has become a core part of the firm's long-term growth plan. Rebecca Ungarino took a look at who's driving this massive push: Keep reading for a peek inside Citadel's summer camp bubble, a rundown of Goldman Sachs' real-estate investment banking team, and the latest on how Harvard Business School is handling virtual recruiting for MBA students. If you're not yet a subscriber to our finance newsletters, you can sign up here. Have a great weekend, Meredith
Bradley Saacks took a look at how billionaire Ken Griffin's Citadel created a bubble for interns at a resort in Kohler, Wisconsin, by renting out the entire place.
As Casey Sullivan reported this week, Blackstone is gearing up to have more US employees return to the office after Labor Day. All investment professionals and asset managers will have a COVID test sent to their homes by Aug. 31.
Private-equity funds are dumping more money into technology companies as the pandemic tanks sectors more reliant on in-person business. Now, as new entrants crowd the space, big players like KKR, Blackstone, and Carlyle, are leaning on their size to stand out. Casey Sullivan and Meghan Morris spoke with 12 private-equity investors, consultants and portfolio company CEOs to get an overview of the new competitive landscape.
Alex Nicoll spoke with seven bankers who help run Goldman Sachs' real-estate coverage group to learn more about their roles, how the practice's business has grown, and the ways the pandemic has affected what they do.
Harvard Business School is reinventing how it does recruiting this year, going fully virtual during the coronavirus pandemic. It's brought on a legion of more than 80 career coaches and mentors to provide support for students and is offering a more flexible recruiting timetable. Business Insider got a look inside HBS' program and spoke to two administrators laying the groundwork for recruiting this fall.
Careers Real estate Wealth management Asset management Fintech Law | 
0 comments:
Post a Comment