Layan Odeh

Brookfield Corp. Chief Executive Officer Bruce Flatt said the artificial-intelligence race is already slowing because developers can’t build enough infrastructure to keep pace with what AI companies are demanding.

Buyout firms are starting to look like Hotel California — assets check in, but they almost never leave

When billionaire Mat Ishbia's mortgage company was facing significant losses on soured hedges earlier this year, he called old friends at Oaktree for help.

Across the industry, buyout firms have been clinging to both prized and hard-to-sell assets for longer. The traditional 10-year fund that was the backbone of the buyout model is vanishing. “Exits” — as they are known in industry parlance — are often pushed far into the future, leaving investments trapped in portfolios indefinitely.

Oaktree's investment is a classic contrarian bet on the struggling housing market and a textbook execution of a debt-like strategy that’s becoming more common.

Plus: Some Indigenous leaders want more than 15% of Trans Mountain

David Ouellet, technology chief for the Public Sector Pension Investment Board, is leaving the Canadian manager, adding to a list of high-profile exits in the past two years.

Plus: Shopify co-founder’s wealth soars

Goldman Sachs Group Inc. and Evercore Inc. are sounding out investors on a fund strategy that could help private equity firms hold onto assets for significantly longer periods.

Goldman Sachs Group Inc. and Evercore Inc. are sounding out investors on a fund strategy that could help private equity firms hold onto assets for significantly longer periods.