Dronemaker Destinus Seek Funds at Unicorn Valuation

Jun 6, 2025 | Markets

Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter. The company is holding talks...

Wall Street Has a Hot Way to Sell Private Assets to the Masses

Jun 6, 2025 | Markets, Private Credit, Private Markets

The push to put private assets in the hands of individual investors is breathing new life into a relatively quiet corner of the asset management industry: interval funds. Vanguard Group, Capital Group and the TCW Group are among the investment giants who have embraced...

About 20% of Tech Startups Worth More Than $1 Billion Will Fail, Accel Says

Jun 5, 2025 | Markets

There are more than 1,000 technology unicorns, meaning venture-backed companies worth $1 billion or more, but at least 1 in 5 are likely to fail, said Rich Wong, a partner at venture capital firm Accel Partners. “I think maybe out of that thousand, 20% fully die. The...

US Services Activity Contracts for First Time in Nearly a Year

Jun 4, 2025 | Markets

Activity at US service providers slipped into contraction territory last month for the first time in nearly a year on an abrupt pullback in demand, while prices accelerated as higher tariffs reverberated across the economy. The Institute for Supply Management’s index...

Apollo Calls for ‘Tailored’ Private Markets Rules in Australia

Jun 3, 2025 | Markets, Private Markets

Apollo Global Management, Inc. has warned Australia’s securities regulator against “broad brush” rules for unlisted investments and has called for regulation to instead target specific asset classes. The comments were included in one of more than 50 submissions...