The secondaries market has matured together with the private market. It is now an efficient way to access most asset classes, including private credit and provides multiple potential benefits over traditional primary strategies.
In this week’s FB Roundup, Giorgio Armani hints at new leadership once he steps down from his fashion empire; Gina Rinehart purchases a six percent stake in Lynas Rare Earths; and Daniel Kretinsky’s bid to buy Royal Mail is rejected.
In this week’s FB Roundup, Vietnamese billionaire Truong My Lan is sentenced to death over $44 billion fraud charges; Donald Trump’s Truth Social stake tumbles by nearly $2 billion; and Australian billionaire James Packer quits casino board.
The Corporate Transparency Act, which went into effect beginning 2024, was passed to help fight money laundering and prevent terrorist financing. Ascent Private Capital Management delves into the new law.
Families of wealth are always curious about wealth management costs and often want to benchmark those expenses against their peers. Costs are an important consideration when devising an overall wealth management strategy.
In this week’s FB Roundup, Carl-Clemens Veltins sues his sisters for a share of their family’s German brewing dynasty; Ken Mulvany aims to return to lead BenevolentAI; and Emperor Naruhito leads Japan’s imperial family in their Instagram debut.
In this week’s FB Roundup, the Moreira Salles’ single family office sees a boost in AUM to nearly $11 billion; Joe Lewis is likely to be spared prison time after pleading guilty to fraud; and Michael Dell unloads shares in Dell Technologies.