“Most mornings I learn more from New Items than I do from all of the traditional papers I read combined.” — Michael Blair, former presiding partner, Debevoise & Plimpton.
1. Private-market giants are pinning hopes that the next surge of growth will separate the best from the rest in an industry saturated by too many firms. “There are 19,000 private equity funds in the US. There are 14,000 McDonald’s in the US. How are there more private equity funds than McDonald’s? That’s actually crazy, right?” KKR & Co. partner Alisa Wood said Wednesday at Bloomberg’s Women, Money and Power event in London. “Capital coming back is really important. The mark-to-market paper gains only take you so far.” (Sources: bloomberg.com, kkr.com. Italics/Bold mine.)
2. The U.S. will provide Ukraine with intelligence for long-range missile strikes on Russia’s energy infrastructure, American officials said, as the Trump administration weighs sending Kyiv powerful weapons that could put in range more targets within Russia. President Trump recently signed off on allowing intelligence agencies and the Pentagon to aid Kyiv with the strikes. U.S. officials are asking North Atlantic Treaty Organization allies to provide similar support, these people said. The expanded intelligence-sharing with Kyiv is the latest sign that Trump is deepening support for Ukraine as his efforts to advance peace talks have stalled. (Source: wsj. com)
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