The duo plans to launch the unnamed U.S. company with $5 billion in equity capital from Blackstone, which will be the majority owner, according to people familiar with the matter.
Tag: equity
AI, Cybersecurity, Global Security News, Risk Management
Cyber risk is becoming a hold-period problem for private equity firms
Private equity firms have spent years treating cybersecurity as an IT hygiene issue inside portfolio companies. That approach is getting harder to sustain as ransomware, data theft, and regulatory pressure interfere with value creation during the hold period. Has cybersecurity risk had any financial impact on your portfolio companies? (Source: Kroll) A recent Kroll survey…