The ship seized last week by U.S. Customs and Border Protection for having transported nearly 20 tons of cocaine into a U.S. port has a very high-profile owner — a JPMorgan Chase fund.
The firm today announced the first and final closing of Great Hill Equity Partners VII, L.P., reaching its hard cap of $2.5 billion of limited partner commitments.
The pension system now must publicly disclose the amount it pays in carried interest fees by the end of each calendar year. The first report, due Dec. 31, will include the fees from fiscal years 2015 through 2019, the Baltimore Sun reports.
For the first time in over a decade, companies founded solely by women have picked up more than 3% of the total capital invested in VC-backed startups in the US, according to PitchBook’s VC Female Founders Dashboard.
Illinois cannot assume the unfunded pension liabilities of Chicago and other municipalities across the state because its credit rating would be reduced to junk status if it did, Gov. J.B. Pritzker said Monday, the Chicago Tribune reports.