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1. Let's get digital.
What's the first thing that pops into your head when you hear the term "private equity?"
I'm sure there are plenty of terms that float to the top of your mind — some of which might not be fit for publication — but one that probably doesn't is "technologist."
That is now starting to change, as the benefits of leveraging cutting-edge tech like artificial intelligence and alternative data are becoming too hard to ignore.
So who's leading these firms into the digital age?
Bianca's and Rebecca's list also includes some insight into how these leaders are looking to leverage tech as part of their firms' internal strategies, from cutting costs to helping source deals.
What I find most fascinating about the so-called "digitization" of PE isn't so much the actual tech but the culture.
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As great as all these firms are at investing, I have no doubt they could benefit from incorporating all kinds of technology into their deal process. However, the real question is whether the actual dealmakers will embrace it.
Like the old saying goes, "You can lead a horse to water, but you can't make them drink it."
2. Billionaire investor and financier Thomas H. Lee has died aged 78. His family wrote in a statement that he was "a pioneer and lion of the private equity and leveraged buyout industries." Read more here.
4. The corner office could be the new junior one-bedroom. Since nobody seems to want to go to the office these days, people are talking about converting those empty buildings into apartments. But it's a lot harder than it looks. Here's why.
5. Can I interest you in some Stripe? Goldman Sachs is pitching its wealth clients on investing in the fintech giant, which is raising cash to pay off a tax bill tied to cashing out employee's restricted stock units, Bloomberg reported. More on that here.
7. The bank for startups is not doing so hot. Silicon Valley Bank, which is the go-to bank for tech startups, is under pressure amid the market downturn, the Financial Times reported. Read more about why SVB is in trouble.
8. How the "Queen of Sexting" built a $2.6 million business on OnlyFans. Amber Sweetheart broke down her strategy for growing her subscriber base and detailed how she built a career that probably pays better than yours. More here.
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