Gibson Dunn snaps up Weil’s private funds team in City expansion Law Law firm Gibson Dunn is set to snap up a team of almost 40 private funds lawyers in London from Weil, Gotshal, and Manges, as the storied US law firm prepares to wind down after nearly a century. Gibson Dunn, the law firm which led on the UK side of Space X’s $75bn stock market [...]
Blue Owl caps private credit redemptions after investors try to pull $5.4bn Regulation Investors in Blue Owl’s multi-billion dollar private credit fund have asked to withdraw around a fifth of their money in another dramatic escalation of jitters across Wall Street and the financial ecosystem. The asset manager’s flagship $36bn fund saw redemption requests hit 21.9 per cent of outstanding shares in the first quarter, while its tech-focused [...]
Private asset funds predicted to surge over the next five years Business Private asset funds are expected to become a central force in driving the global economy over the next five years, after soaring to record highs in 2025. The value of private asset funds has surged 9.6 per cent this year to date, to a record $14.05 trillion (£10.46 trillion), a striking 77 per cent rise [...]