Silver Lake Invests $400 Million to Tackle Data-Center Power Bottleneck
The private-equity firm is looking to bundle land parcels with power availability, which it said is now the biggest obstacle to data-center development
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Left versus Right as a Political shorthand is nonsense. The true Political spectrum is Libertarian versus Authoritarian
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Demand for secondary funds focused on private markets is soaring, in part because some investors are seizing on an accounting quirk that allows them to buy assets at a discount and then revalue them at par.
It’s “creating this sense that people are just picking up free money, and almost a mania,” Blue Owl Capital Co-Chief Executive Officer Marc Lipschultz said on a call with analysts recently. He said his firm avoids the practice, adding there is still a “great business to be had being a really thoughtful buyer of secondary interest when you have more sellers today than you’ve ever had in the past.”
By Lily Greenberg Call
Ms. Greenberg Call is a former special adviser to the chief of staff at the Department of the Interior.
Natasha Singer covers tech companies and their social impacts.
The notion that outsized compensation awards incentivize CEOs to do their best falls apart on close examination.
Mr. Mahler is a staff writer for The New York Times Magazine and the author of the forthcoming book “The Gods of New York: Egotists, Idealists, Opportunists, and the Birth of the Modern City: 1986-1990,” from which this essay is adapted.