Private Equity

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SEC, CFTC Discuss Moving Into Same Building Complex

Wall Street’s two top regulators are discussing plans to move into the same building complex in Washington just steps from the US Capitol, according to people familiar with the matter.

By Lydia Beyoud and Nicola M White

Oaktree Backs Biotech Fund Russian Billionaire Seeks to Shut

Oaktree Capital Management is considering a $300 million investment in a bankrupt biotechnology fund that Russian billionaire Dmitry Rybolovlev’s family trust is seeking to shut down.

AI Chipmaker Cerebras Said to Tap Morgan Stanley for IPO Return

Cerebras Systems Inc. has picked Morgan Stanley to lead its initial public offering, according to people familiar with the matter, as the artificial intelligence chipmaker mounts a renewed attempt to go public.

BlackRock $26 Billion Private Credit Fund Limits Withdrawals

BlackRock Inc. curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry.

Anthropic at Risk of Huawei-Like Ban After Pentagon Punishment

Anthropic PBC runs the risk of losing a wide range of US government business after the Defense Department declared it a supply-chain risk, a rare designation that until now has only been assigned to companies from adversary nations like China’s Huawei Technologies Co.

Investors Fight Senior Living Developer’s Bankruptcy Financing

Inspired Healthcare Capital Holdings should be denied a request to fund its bankruptcy with a $35 million loan because the terms would encumber solvent senior living community projects, a group of project investors said.

Lone Star Agrees $3 Billion Deal for Lonza Ingredients Unit

Lone Star Funds has agreed to acquire Lonza Group AG’s capsules and health ingredients business in a deal valued at 2.3 billion Swiss francs ($3 billion) including debt.

Brightline Florida Cut Deeper Into Junk on Restructuring Risk

Thinning reserves and negative cash flows will likely lead Brightline Trains Florida LLC to restructure its debt within the next six months, according to S&P analysts who downgraded the struggling private rail line deeper into junk territory this week.

Herbalife Pauses Debt Offering as Investors Shun Risky Loans

A group of lenders led by Bank of America Corp. has shelved a $500 million loan offering for Herbalife Ltd., according to people with direct knowledge of the matter.

ModivCare Fights White & Case’s $14 Million Bankruptcy Bill

ModivCare asked a court to reject White & Case LLP’s $14 million final fee request for its work in the medical transportation company’s bankruptcy, accusing the law firm of deliberately burying the company’s estate in legal fees.