Chris Cumming

New York

Reporter, WSJ Pro at The Wall Street Journal

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Articles

Private Equity Daily: Carlyle and Diversified Strike $2 Billion Energy Deal

3 days ago | createsend.com | Chris Cumming

Good morning, and welcome to the WSJ Pro Private Equity daily newsletter. First off today, Isaac Taylor and Luis Garcia report that Carlyle Group and publicly traded Diversified Energy Co. are making a $2 billion bet on the oil-and-gas sector, a deal motivated in part by governments' increasing focus on energy technology. Next, Maria Armental reports on a deal in which FTV Capital is joining Lightyear Capital as a backer of technology company ProfitSolv. Now onto the news ...
Ohio Greenlights First-Ever Venture-Capital Hospital Acquisition

1 week ago | wsj.com | Chris Cumming

June 18, 2025 6:38 pm ET|WSJ ProOhio authorities approved the first-ever purchase of a U.S. hospital by a venture-capital firm, but at a higher price and with conditions attached. Attorney General Dave Yost on Wednesday approved General Catalyst’s bid to acquire Summa Health, a hospital system in Akron with over 20 facilities in the area, and convert it to for-profit status. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.
Investor Appetite for Private Equity Has Waned, Survey Shows

1 week ago | wsj.com | Chris Cumming

Strategies are shifting because of new geopolitical risks, a report from Coller Capital saysSome investors are souring on private-equity funds, particularly large buyouts, as they try to adapt their investment strategies to rising geopolitical tensions, a new report from secondary specialist Coller Capital shows.
SEC Weighs Further Loosening of Rules Barring Retail Investors From Private Funds

3 weeks ago | wsj.com | Chris Cumming

After changing closed-end fund guidance last month, the regulator this week said it could take additional steps to make private funds more accessibleJune 6, 2025 1:40 pm ET|WSJ ProThe Securities and Exchange Commission is considering loosening longstanding rules that restrict private-equity investments to institutions and wealthy people, another step in its plans to broaden access to a fast-growing asset class.
Calpers Records 11% Private-Equity Gain for 2024

3 weeks ago | wsj.com | Chris Cumming

The nation’s largest pension is ramping up investment in an ambitious plan to reshape its private-equity programJune 6, 2025 3:00 pm ET|WSJ ProThe country’s largest public-pension fund is seeing positive early results from an overhaul of its private-equity program intended to break with its past inconsistency and disappointing returns.
Oregon Bill to Block Private-Equity Medical Deals Heads to Governor’s Desk

4 weeks ago | wsj.com | Chris Cumming

Lawmakers pass what would be nation’s toughest rules against corporate investors’ controlling healthcare practicesMay 29, 2025 4:36 pm ET|WSJ ProOregon lawmakers approved a bill to block private-equity firms from controlling healthcare practices, which analysts say would be the nation’s strictest ban on corporate influence in medicine.
Republicans Appear Reluctant to Follow Trump on Private-Equity Tax Rate

1 month ago | wsj.com | Chris Cumming

A lobbying blitz might have shored up support for carried interest, a controversial tax provision President Trump wants to endMay 7, 2025 3:16 pm ET|WSJ ProWall Street lobbyists might have secured enough backing to preserve a tax provision for fund managers—the carried-interest treatment—that is under threat in the Republican-led tax negotiations.
KKR Executives Foresee Only a Mild Tariffs Hit to Portfolio Companies

1 month ago | wsj.com | Chris Cumming

The New York asset manager is more heavily tilted toward Asia than its fellow private-equity giants and expects to stay its course in the regionMay 1, 2025 3:04 pm ET|WSJ ProExecutives of KKR & Co. believe President Trump’s tariffs will have little effect on its portfolio companies, and promised to maintain an emphasis on Asia despite a looming trade war that has rattled the region.
KKR Executives Foresee Only a Mild Tariffs Hit to Portfolio Companies

1 month ago | finance.yahoo.com | Chris Cumming

Executives of KKR & Co. believe President Trump’s tariffs will have little effect on its portfolio companies, and promised to maintain an emphasis on Asia despite a looming trade war that has rattled the region.
KKR Executives Foresee Only a Mild Tariffs Hit to Portfolio Companies

1 month ago | fnlondon.com | Chris Cumming

KKR Executives Foresee Only a Mild Tariffs Hit to Portfolio CompaniesThe New York asset manager is more heavily tilted toward Asia than its fellow private-equity giants and expects to stay its course in the region Published May 1, 2025 at 3:04 PM ET Executives of KKR & Co. believe President Trump’s tariffs will have little effect on its portfolio companies, and promised to maintain an emphasis on Asia despite a looming trade war that has rattled the region.