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Wells Fargo sells $2 billion of private equity investments

Wells Fargo sells $2 billion of private equity investments
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Wells Fargo Sells Private Equity Fund Investments

Wells Fargo Sells Private Equity Fund Investments
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Wells Fargo sells $2 billion of private equity investments

Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy. "With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo's core businesses and customers," Wells Fargo CFO Mike Santomassimo said. The investments were in certain funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. ....

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Private Equity Is Piling Debt on Itself Like Never Before

Private Equity Is Piling Debt on Itself Like Never Before
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Private equity is piling debt on itself like never before

Private equity is piling debt on itself like never before
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Jason Meklinsky , Dan Zwirn , Atalaya Ufberg , Rafael Castro , Josh Ufberg , Augustin Duhamel , Richard Sehayek , Socium Meklinsky , Goldman Sachs Group , Finastra Group Holdings Ltd , Socium Fund Services , Carlyle Group Inc , Carlyle Group , New Jersey Based , Vista Equity Partners , Finastra Group Holdings , Bloomberg News , Oaktree Capital Management Backed , Shark Capital , New York Based Dan Zwirn , Arena Investors , New York Based , Michael Hacker , Alpinvest Partners , Ares Management ,