Law360: Private Equity /privateequity?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Private Equity Copyright 2025 saąúĽĘ´«Ă˝. en-US Wed, 25 Jun 2025 17:24:26 +0000 9th Circ. Ruling Is Turning Point For Private Funds In 401(k)s /privateequity/articles/2354543?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2354543 The Ninth Circuit's decision in Anderson v. Intel reinforces that the Employee Retirement Income Security Act's duty of prudence permits fiduciaries to use private market assets in diversified funds, yet it also exposes the persistent litigation and regulatory uncertainties that continue to temper wider adoption in 401(k) plans, say attorneys at Debevoise. Wed, 25 Jun 2025 16:53:28 +0000 SwervePay, Buyers Duel In Del. Over Payment Tech Fraud Suit /privateequity/articles/2356719?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356719 Dueling fraud claims have gone to Delaware's chancellor for judgment, following post-trial arguments in litigation that began with principals of e-payment facilitator SwervePay accusing the company's buyers of overstating — by tens of billions — payment volumes that would generate post-sale earnouts under a proposed 2020 acquisition. Wed, 25 Jun 2025 16:09:42 +0000 A Guide To Permanent Capital Vehicles As Access Widens /privateequity/articles/2352301?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2352301 Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown. Wed, 25 Jun 2025 15:55:43 +0000 Timberwolves' Contested Sale Gets NBA Owners' Approval /privateequity/articles/2357349?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2357349 NBA team owners have unanimously approved the $1.5 billion sale of the Minnesota Timberwolves and Lynx to former limited partners Marc Lore and Alex Rodriguez, a deal they first reached in 2021. Wed, 25 Jun 2025 15:46:47 +0000 The CFTC Is Shaking Up Sports Betting's Legal Future /privateequity/articles/2353118?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2353118 The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner. Wed, 25 Jun 2025 15:11:12 +0000 Bain, 11North Team Up On $212M Oklahoma City Retail Buy /privateequity/articles/2357278?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2357278 Bain Capital Real Estate and 11North Partners announced Wednesday that they have acquired three open-air retail centers in Oklahoma City for approximately $212 million, in a move that underscores growing institutional interest in high-performing retail despite shifting consumer habits and lingering inflation. Wed, 25 Jun 2025 15:06:14 +0000 Power Infrastructure Biz Takanock Nabs $500M Investment /privateequity/articles/2357313?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2357313 Digital and power infrastructure solutions provider Takanock LLC on Wednesday announced it had secured a $500 million investment from asset managers ArcLight and DigitalBridge. Wed, 25 Jun 2025 14:33:07 +0000 Tech-Focused SPACs Raise $408M Combined In New Listings /privateequity/articles/2357333?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2357333 A pair of technology-focused special-purpose acquisition companies debuted on Wednesday after pricing two initial public offerings that raised $408 million combined, joining a wave of new SPAC listings, under guidance from five law firms. Wed, 25 Jun 2025 13:25:23 +0000 Law School's Missed Lessons: Rejecting Biz Dev Myths /privateequity/articles/2348925?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2348925 Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein. Wed, 25 Jun 2025 13:17:25 +0000 Blockchain Tech Biz Digital Asset Snags $135M In VC Funding /privateequity/articles/2356726?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356726 Blockchain technology company Digital Asset has secured $135 million of strategic funding, which will be used to accelerate the institutional and decentralized adoption of its Canton Network. Tue, 24 Jun 2025 19:52:58 +0000 Judge Cites Slack In Tossing Allbirds Investors' IPO Suit /privateequity/articles/2356752?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356752 A California federal judge has once again tossed an investor class action accusing shoemaker Allbirds Inc. of failing to warn investors about the risks of its shifting business strategy ahead of its initial public offering, ruling that shareholders would need to prove they can overcome the U.S. Supreme Court's Slack test in order to move forward with the case. Tue, 24 Jun 2025 18:09:44 +0000 Another Musk Case, Another Judge Recusal /privateequity/articles/2357079?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2357079 A California federal magistrate judge on Tuesday became the latest federal judge to recuse from a case involving Elon Musk, this time stepping down from handling his lawsuit challenging OpenAI's now-abandoned transition to a for-profit enterprise. Tue, 24 Jun 2025 18:01:39 +0000 CoastalSouth Bank Targets $59M IPO, Guided By 2 Firms /privateequity/articles/2356876?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356876 CoastalSouth Bancshares Inc., the bank holding company for South Carolina state-chartered commercial bank Coastal States Bank, on Tuesday announced the launch of its initial public offering with plans to raise $58.5 million. Tue, 24 Jun 2025 16:15:04 +0000 V&E Adds Investment, Finance Trio In NY, Texas /privateequity/articles/2356426?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356426 Vinson & Elkins LLP has brought on three new partners to strengthen its investment management and finance practices. Tue, 24 Jun 2025 15:52:31 +0000 Del. Dispatch: General Partner Discretion In Valuing Incentives /privateequity/articles/2348864?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2348864 In Walker v. FRP Investors, the Delaware Court of Chancery recently held that the general partner of a limited partnership breached its obligations when determining the threshold value of newly issued incentive units, highlighting the court's willingness to reconstruct what a reasonable determination of value by a general partner should have been, say attorneys at Fried Frank. Tue, 24 Jun 2025 15:14:33 +0000 Cataract Surgery Tech Co. Secures $125M Series B Funding /privateequity/articles/2356732?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356732 Ophthalmic robotic surgery company ForSight Robotics on Tuesday revealed that it completed fundraising for its Series B financing round after securing $125 million from investors. Tue, 24 Jun 2025 14:50:00 +0000 A Midyear Review: Healthcare Dealmaking Trends Of 2025 /privateequity/articles/2353802?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2353802 Law360 Healthcare Authority reviews key trends that helped shape dealmaking activity in the healthcare industry so far this year. Tue, 24 Jun 2025 14:46:39 +0000 Move Beyond Surface-Level Edits To Master Legal Writing /privateequity/articles/2356333?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356333 Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake. Tue, 24 Jun 2025 12:40:37 +0000 Cooley-Led Sentinel Global Clinches $213.5M Inaugural Fund /privateequity/articles/2356725?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356725 San Francisco-based venture capital firm Sentinel Global, led by Cooley LLP, on Tuesday revealed that it wrapped its inaugural fund after securing $213.5 million in committed capital. Tue, 24 Jun 2025 11:46:40 +0000 Job Search Site Monster Hits Ch. 11 With 3 Initial Bidders /privateequity/articles/2356885?utm_source=rss&utm_medium=rss&utm_campaign=section /privateequity/articles/2356885 The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up.