Private equity’s employee ownership push

The writer is Sinyi Professor of Chinese Management at Cambridge Judge Business School. In October 2024, global private equity group KKR announced the sale of geohazard mitigation business GeoStabilization International for more than $1bn, five times its original investment. A unique aspect of the deal was that GSI employees shared a $75mn payout, with some … Read more

Markets 1, Trump 0

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all … Read more

Private equity is more stuck than ever — and secondaries will benefit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who benefits when markets lurch? Generally, those sitting on giant piles of cash. Investors who find themselves with dry powder during a crisis can relieve overextended owners of their assets, ease liquidity crunches and hopefully … Read more

China musters ‘national team’ to fight on front line in trade war

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As the Chinese stock market reeled this week from Donald Trump’s “liberation day” tariffs, Beijing launched a co-ordinated government effort to support share prices. Huijin Central, a sovereign wealth fund, issued a rare statement declaring … Read more

An apology to the bond vigilantes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dear Bond Vigilantes,  As a great man once said: “I owe you an apology. I wasn’t really familiar with your game.” Things were looking very dicey for Americans, after the White House introduced an aggressive … Read more