IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
Blackstone, Carlyle Group, and BlackRock were just some of the investors in what is one of the industry’s biggest private deal deals. It’s a clear illustration of the interest levels in artificial intelligence-focused companies, and private credit as an asset class. New Jersey-based CoreWeave leases out access to Nvidia’s AI chips. CoreWeave plans to use the financing – which means it now has a $19 billion valuation – to double its data center operational footprint from 14 to 28. Core blimey you might be thinking – this whole AI paradigm is really driving demand for infrastructure. That’s a lot of networking power. CoreWeave’s team must be on Cloud Nine!
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
Touchdown Private Equity! 🏉 Today marks the day when the National Football League huddles together to vote on, and formally approve, private equity ownership of NFL teams. It is a…
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