News Highlights: Top Financial Services News of the Day - Friday at 7 AM ET

CVC Soars in of Amsterdam Trading Debut 
 

CVC shares rose 24% on the first day of trading on Amsterdam's stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.

 
NatWest Backs Guidance After First Quarter Tops Hopes 
 

NatWest kept its 2024 guidance unchanged as its first-quarter income and profit fell slightly less than expected.

 
Chinese Financial Services Shares Gain on Consolidation Hopes 
 

Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy another smaller firm.

 
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas 
 

The asset manager is seeking to expand ties with rich investors and calm a backlash over energy investment strategy, among other areas.

 
BlackRock-Temasek Venture Amasses $1.4 Billion for Clean-Energy Wagers 
 

The firms' Decarbonization Partners raised its first fund to support emissions-reducing technologies.

 
Buyout Shop GTCR's Take-Private Deal Values AssetMark at $2.7 Billion 
 

The private-equity firm is buying out majority owner Huatai Securities, which acquired the wealth management company in 2016.

 
Oaktree Spins Out Transportation-Infrastructure Group 
 

Two senior Oaktree executives have formed Duration Capital Partners with $3.65 billion in infrastructure assets, people familiar with the matter said.

 
Project Primus Looks to Teach Family Scions How to Invest 
 

The investment boot camp, which requires a $1 million commitment, aims to capitalize on the coming multitrillion-dollar generational wealth transfer.

 
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund 
 

Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers.

 
BNP Paribas Confirms Outlook After Earnings Beat 
 

BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.

(END) Dow Jones Newswires

April 26, 2024 07:15 ET (11:15 GMT)

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