Category: Finance

London-based mid-market private equity firm MML Capital Partners has announced the final close of its latest fund, Partnership Capital VIII, at €1 billion (approximately $1.2 billion), marking a nearly 50% increase over its predecessor. The fund was oversubscribed, securing commitments from 11 new institutional investors. MML’s previous fund, Partnership Capital VII, closed at €670 million […]

When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study. Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did […]

On 24 September 2025, the Mediterranean city of Limassol, Cyprus will host one of the most anticipated financial events of the year—Wiki Finance Expo Cyprus 2025—at the prestigious Parklane, a Luxury Collection Resort & Spa. This landmark summit, organized by WikiEXPO, is poised to unite the world’s leading minds in fintech, blockchain, forex, crypto, Web3, […]

Philadelphia Mayor Cherelle Parker’s Housing Opportunities Made Easy initiative, which was included in the city budget passed June 12, 2025, is an ambitious effort to address the city’s affordable housing challenges. Parker has promised to create or preserve 30,000 affordable housing units throughout the city, at a cost of roughly US$2 billion. To help fund […]

Ask someone what a calling is, and they’ll probably say something like “doing work you love.” But as a management professor who has spent two decades researching the history and impact of calling, I’ve found it’s much more than personal fulfillment. The concept of calling has deep roots. In the 1500s, theologian Martin Luther asserted […]

Lawyers often tell their clients that everyone should have a will that clearly states who should inherit their assets after they die. But even having a will is not necessarily enough to avoid a costly and contentious legal dispute. Consider what happened after Jimmy Buffett died of skin cancer at the age of 76 in […]

Something dangerous is happening to the U.S. economy, and it’s not inflation or trade wars. Chaotic deregulation and the selective enforcement of laws have upended markets and investor confidence. At one point, the threat of tariffs and resulting chaos evaporated US$4 trillion in value in the U.S. stock market. This approach isn’t helping the economy, […]

The European Bank for Reconstruction and Development (EBRD) has extended a €25 million loan to PBZ Leasing for on-lending to micro, small, and medium-sized enterprises (MSMEs) in Croatia. The facility is designed to improve access to finance for the private sector, with 30% earmarked for green assets, including energy-efficient technologies and equipment. The initiative supports […]

Blackstone has agreed to purchase $2 billion in commercial real estate (CRE) loans from Atlantic Union Bankshares at a discount of approximately 7%, paying around $0.93 per dollar of face value. Deal Overview The portfolio includes performing loans backed by multifamily and neighborhood retail properties. These loans were originally issued by Sandy Spring Bank, which […]