Buyout Firms Get Creative on Gulf Trips in Bid for Bigger Checks
The giants of private equity have spent years trying to cozy up to Middle Eastern wealth funds to secure massive checks. US President Donald Trump's burgeoning trade war just made those efforts even more critical — and asset managers have been forced to get creative.
Carlyle Group Inc., for instance, is sending more than half a dozen of its top executives to Abu Dhabi this week to offer training to their counterparts at the emirate's many sovereign wealth funds. BlackRock Inc. is starting up a program to hire more young Saudis and is relocating a bevy of senior investment professionals to the kingdom to help with the effort. Others have been organizing dinners and events to honor Eid al-Fitr.
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US business group says Washington should treat Taiwan like partner not adversary
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One thing keeping Aussies awake at night
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