Last week was a big week for private equity. Shortly after, alternative investments firm Blackstone announced in its quarterly earnings that it reached $1 trillion in assets under management—the first PE firm to ever hit that milestone, and, surprisingly, three years ahead of schedule. “They’re all revved up,” he added when I asked how he imagines other PE firms feel about the Blackstone news. True Ventures led the round and was joined by Athera Ventures Partners, Blume Ventures, Exfinity Ventures, and MFV Partners. PRIVATE EQUITY- KKR agreed to acquire Chase Corporation, a Westwood, Mass.-based protective materials manufacturer.

Source: Forbes July 24, 2023 23:38 UTC