Megafunds propel industry to record

The private equity industry, which raised a record $365bn (€266.5bn) last year, is shaking off concerns about the credit crunch and aims to match, or even trump, that figure this year, with megafunds continuing to dominate fundraising.

Buyout firms are raising 537 funds worth a combined $543bn worldwide, according to a report from placement agent Probitas Partners.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions