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Smith gave the commencement address at Morehouse College in Atlanta, Georgia on May 19, 2019.

A look at the life of Robert F. Smith, the billionaire investor paying off student loans who owns homes in Malibu and NYC, and married a former Playbo...

Robert F. Smith is the CEO of Vista Equity Partners. His grant to the class of 2019 at Morehouse College is reportedly estimated at $40 million.
Portrait of billionaire philanthropist Robert Smith, after an interview by Lonnie G. Bunch III, director of the Smithsonian's National Museum of African American History and Culture, on August 23, 2016 in Washington, D.C.

Meet Robert F. Smith, the billionaire tech investor who surprised Morehouse College’s graduating class by announcing he’d pay off all thei...

Billionaire Robert F. Smith announced during a commencement speech that he would be paying off student loans for Morehouse College's graduating class.
Rich Friedman is handing over day-to-day management capabilities.

Goldman Sachs’s Rich Friedman gives up day-to-day oversight of private-investing business as rising executives step in

Sumit Rajpal and Andrew Wolff will become head of the merchant bank, keeping a continued focus on private equity, while Tom Connolly continues to oversee the private credit business.

Private-equity tricks mask mounting debt: ‘I’m 5 feet 8 inches, but I change the scale and make myself 6 feet 2 inches on a pro forma basi...

Bain Capital warned that the cutthroat race to win deals meant PE firms were taking on worrying levels of debt to pay higher and higher prices.
Former British Prime Minister Gordon Brown is joining Partners Group.

Former UK Prime Minister Gordon Brown joins $78 billion Swiss private equity firm

Former British Prime Minister Gordon Brown has become the latest former world leader to step into the world of finance.

Papa John’s is plunging after report says private-equity firm is no longer interested

Papa John's sank more than 12% Tuesday after a report said the private-equity firm Trian Fund Management was no longer interested in the pizza chain.
Apollo Global Management co-founder Leon Black.

Private equity hiring has never been hotter, with VPs receiving up to four job offers a week and bonuses soaring

It's never been a better job market for private equity professionals, with the sector seeing the most active hiring market ever.
Patrick Soon-Shiong at an NHS Confederation conference.

Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc

BI PRIME: Soon-Shiong also remains Tronc's second-largest shareholder, with a nearly 25% stake. Michael Ferro, the Chicago entrepreneur who was formerly Tronc's chairman, is the largest shareholder, with a nearly 26% stake.
Securities and Exchange Commission Chair Jay Clayton

The SEC wants to make it easier for small-time investors to get in on companies like Uber or SpaceX

Some of the world's most valuable and talked about companies — the Uber's, Airbnb's, SpaceX's, and WeWork's — have raised hundreds of millions of dollars of funding in private deals which result in valuations in the billions.
A few dedicated funds are capitalizing on marijuana prohibition in a big way.

Federal marijuana prohibition has opened a short window of opportunity for investors willing to stomach the risk

Marijuana is one of the fastest-growing industries in the US, and it's also federally illegal. A number of funds are looking to capitalize on federal prohibition before the big players start writing checks.