The former Blackstone credit executive had initially departed the firm in the summer of 2020 for a job at General Capital. Whitman was planning on looking for debt investment opportunities via a joint-venture with Iron Park Capital.
But Blackstone had different plans, citing a non-compete against Whitman.
However, it appears the dust has finally settled on the dispute, for now.
Mat Ishbia, CEO of United Wholesale Mortgage, wasn’t familiar with what a SPAC was just nine months ago. On Friday, his company will go public at a $16.1 billion valuation via a SPAC deal. See more here.
Sixth Street just agreed to buy insurance company Talcott Resolution for $2 billion in another sign of private equity looking to make deals in the insurance space. Read more here.
The ticker and logo for State Street Corporation is displayed on a screen at the post where it’s traded on the floor of the NYSE Thomson Reuters
State Street announced durings its fourth-quarter earnings call it plans to cut 1,200 jobs to its global workforce, citing automation as a major reason why. Read more here.
