Chris Cumming

O’Connor Alternative Investments accused the firm and a partner of involvement in the Aspiration Partners fraud.

The largest doctors’ group in the U.S. also called for federal legislation to prevent corporate interference in healthcare.

A House hearing Tuesday probed private equity’s role in the rising cost of youth sports.

The leadership of the recently expanded SBIC program wants more asset managers to take part.

KKR enjoyed firm-record asset sales in the second quarter despite the private-equity industry's ongoing slowdown in exits, helping the New York alternative-investments manager surpass analysts' earnings forecasts.

The New York investment firm recorded its best-ever quarterly sales despite an ongoing slump in the private-equity sector.

Carlyle Group posted its highest distributable earnings in nearly four years and told analysts it was preparing to launch a new slate of vehicles to potentially boost its fundraising in the coming quarters.

The Washington firm beat profit expectations and said it was revving up to raise a new round of funds.

Funds offering Main Street investors access to private markets are instead being used by professional money managers—in some cases, for access to hot IPOs.

Exchange-traded funds that aim to bring private investments to the masses have encountered a hitch: Institutional money is overwhelming the mom-and-pop savers the funds are designed to serve.