Citadel's intern bubble — BlackRock power players — IPO filing frenzy

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Citadel's intern bubble — BlackRock power players — IPO filing frenzy
One of the activities Citadel employees and interns were able to do in Wisconsin was a ropes courseCitadel

Happy Saturday!

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This week was a nonstop S-1 filing frenzy. Just to name a few: Unity, Sumo Logic, Asana, Jfrog, and Snowflake all filed on Monday; Palantir's S-1 flipped on Tuesday; and digital health startup GoodRx revealed its IPO documents on Friday.

While there's a long list of companies gearing up for public debuts, be it through direct listings or IPOs, more investors are also getting the green light to pile into private markets.

The SEC announced this week that it's "modernizing" its definition of an accredited investor. Now, instead of meeting an income or asset threshold, investors will basically just need to demonstrate that they're knowledgeable enough about private markets to jump in.

At BlackRock, meanwhile, the business of offering assets like private equity, hedge funds, and real estate has become a core part of the firm's long-term growth plan. Rebecca Ungarino took a look at who's driving this massive push:

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Meet the 17 power players at BlackRock carrying out CEO Larry Fink's vision to turbocharge private equity and alternative investments growth

Keep reading for a peek inside Citadel's summer camp bubble, a rundown of Goldman Sachs' real-estate investment banking team, and the latest on how Harvard Business School is handling virtual recruiting for MBA students.

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Have a great weekend,

Meredith

How $34 billion hedge fund Citadel pulled off an in-person summer internship 'bubble' for more than 100 college students

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Bradley Saacks took a look at how billionaire Ken Griffin's Citadel created a bubble for interns at a resort in Kohler, Wisconsin, by renting out the entire place.

Blackstone is encouraging US workers to return to the office after Labor Day, and that's putting some employees on edge

As Casey Sullivan reported this week, Blackstone is gearing up to have more US employees return to the office after Labor Day. All investment professionals and asset managers will have a COVID test sent to their homes by Aug. 31.

Big private-equity firms are piling into tech deals. Top execs at Carlyle, KKR, and Warburg Pincus laid out how they're angling for an edge.

Private-equity funds are dumping more money into technology companies as the pandemic tanks sectors more reliant on in-person business.

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Now, as new entrants crowd the space, big players like KKR, Blackstone, and Carlyle, are leaning on their size to stand out. Casey Sullivan and Meghan Morris spoke with 12 private-equity investors, consultants and portfolio company CEOs to get an overview of the new competitive landscape.

Meet 7 Goldman Sachs power players advising on industry-defining deals like Blackstone's $18.7 billion bet on warehouses

Alex Nicoll spoke with seven bankers who help run Goldman Sachs' real-estate coverage group to learn more about their roles, how the practice's business has grown, and the ways the pandemic has affected what they do.

How Harvard Business School is adjusting timelines and formats for high-stakes recruiting

Harvard Business School is reinventing how it does recruiting this year, going fully virtual during the coronavirus pandemic. It's brought on a legion of more than 80 career coaches and mentors to provide support for students and is offering a more flexible recruiting timetable.

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Business Insider got a look inside HBS' program and spoke to two administrators laying the groundwork for recruiting this fall.

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