Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund, the kingdom's sovereign wealth fund.
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In the largest private equity transaction in the profession to date, Chicago-based Grant Thornton (FY22 net revenue of $2.3 billion), the 7th largest accounting firm in the country, has accepted a significant investment from New York-based New Mountain Capital.