The hedge fund industry ended last year with assets under management at a 9.75% increase from the previous year and total assets increased by $401.4 billion, the highest amount since 2021.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

    New York

    PHOTO: DLLU

    Hedge fund industry reached

    $4.5 trillion in 2024

    The hedge fund industry ended last year with assets under management at a 9.75% increase from the previous year and total assets increased by $401.4 billion, the highest amount since 2021. Read here

      Francisco Partners raises $3.3B for third tech fund

      The California-based investment firm has held the final close of its FP Credit Partners III credit fund, which surpassed its initial $2.3 billion target as well as its predecessor fund, which closed at $2.2 billion. Read here

      PHOTO: FRANCISCO PARTNERS

      FP 300

      Diversified Energy to buy Maverick in $1.3B deal

      The Alabama-based natural gas and oil producer has confirmed that it will buy the private equity-owned energy company to expand into the oil and gas-rich Permian Basin in West Texas and New Mexico. Read here

      PHOTO: DIVERSIFIED ENERGY

      Diversified Energy 300

      NEWS WORTH NOTING

      Perplexity AI proposes to merge with US TikTok

      The California-headquartered AI search and question-answering platform has revised the merger proposal submitted to the video-sharing app’s Chinese parent ByteDance to create a combined entity. Read here

      PHOTO: PERPLEXITY AI

      Perplexity 300

      DEALS ROUNDUP

      • Universal Music Group and Spotify strike new agreement
      • Government discussing TikTok purchase with multiple people
      • Frontenac closes oversubscribed mid-market fund at $900M
      • LA Fire & Police Pension makes $382.2M PE commitments
      • ShopMy raises $77.5M in led by Bessemer and Bain Capital
      • FlexGen Power Systems snags $75M revolving credit facility
      • Tive receives $40M in Series C funding to accelerate growth
      • Allara Health secures $26M in Series B funding led by Index
      • Optable completes $20M in Series A acceleration funding
      • iDrive Logistics gets growth financing from Decathlon Capital

        INTERNATIONAL MARKETS

        Technology shares slide as China’s DeepSeek soars 

        The surge in popularity of the Chinese discount artificial intelligence start-up shook investors' faith in the AI sector's voracious demand for high-tech chips. Read here

        SGS ends $30B merger
        talks with Bureau Veritas  

        The Swiss testing and inspection group has ended talks over its potential combination with its French rival after the two sides failed to reach an agreement. Read here

         

        International Paper gets EU nod for $7.2B DS Smith buy

        The global paper and packaging leader has secured clearance from the European Union for its acquisition of its British rival with a pledge to sell assets. Read here

          Brookfield closes two Japan real estate deals for $1.6B

          The Canadian investment firm has completed investments comprising a stake in Tokyo's landmark Gajoen complex and a plot on the outskirts of Nagoya. Read here

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