(Bloomberg) -- Goldman Sachs Asset Management has raised $14.2 billion for a new vehicle to buy stakes in private equity funds. Most Read from Bloomberg Vegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making Fed Set to Pause Rate Hikes, But Don’t Count Out Another Increase Trudeau’s Murder Claim Risks Upending US Courtship of India Dollar Rally Is Crushing One of the Most Popular Trades of 2023 The US investment firm closed the Vintage IX fund with commitments from...

CVC Capital Partners has raised €26 billion ($29.2 billion) for the world’s biggest-ever buyout fund, defying a challenging fundraising environment. The European private equity firm secured commitments from new and returning investors, according to a statement on Thursday that confirmed an earlier Bloomberg News report. CVC only began raising its ninth buyout fund in January and initially targeted €25 billion. Demand was strong enough to take it past that figure, showing how the more...

EQT AB has little appetite for the latest craze in finance — private credit — even as the investment firm looks for ways to expand its business. “We have potential for geographic growth and growth in certain asset classes, but most or all of them will be connected to private equity, infrastructure or real estate,” Christian Sinding, EQT’s chief executive officer, said in an interview Friday. “We don’t have any plans to enter into new asset classes like credit at this point in time,” he...

Deutsche Bank AG has hired Pierpaolo Di Stefano, a former executive at state-backed Italian lender Cassa Depositi e Prestiti SpA, as it seeks to boost the senior ranks of its European investment banking team. Di Stefano will join Deutsche Bank on Jan. 1 as vice chairman of origination and advisory for Europe, the Middle East and Africa, according to an internal memo seen by Bloomberg News on Thursday. He will provide leadership to the Italian origination and advisory team while also helping...

A hot London IPO from a fintech provider has created two billionaires in Kazakhstan. Kaspi.kz JSC, the Goldman Sachs Group Inc.-backed owner of the central Asian country’s largest retail bank, sold $870 million of global depositary receipts at the top end of a marketed range. The offering was so popular that the company increased its size. On its debut Thursday, the stock surged as much as 32%. That gives Kaspi’s chairman, Vyacheslav Kim, and its chief executive officer, Mikheil Lomtadze, an...