Coverage Timeline 3 articles
Steve Young's Private Equity Firm HGGC Scores Big with $3.2 Billion Fund Raise
HGGC, the private equity firm co-founded by NFL Hall of Famer Steve Young, has successfully raised $3.2 billion for its fifth fund, exceeding its initial target. The firm attracted investments from a range of pensions, endowments, family offices, and sovereign funds. This significant fundraise is a testament to the firm's reputation and investment strategy.
Mid-Cap Stocks Offer Opportunity Amid Global Uncertainty
As the US stock market rebound stalls due to rising tensions with Iran, investors are looking for alternative opportunities. Rich Lawson, CEO of HGGC, suggests that mid-cap or middle-market businesses may be the next big opportunity. With the market on edge, investors are seeking safer havens for their investments.
Global Economic Developments: US Jobless Claims Decline, Trade Deficit Widens, and International Tensions Rise
The US labor market shows signs of stabilization as jobless claims drop to 206,000, while the trade deficit widens to $70.3 billion in December. Meanwhile, international tensions rise as the diplomatic window with Iran closes, and Turkey considers expanding market manipulation penalties. In other news, NFL Hall of Famer Steve Young's private equity firm HGGC raises a new $3.2 billion fund.