PE shop Vista Equity Partners paid $100 million for 7Park to get in on the alt-data craze. Insiders told us how it's trying to juice business in an industry that's showing cracks.

Sources say Vista Equity Partners spent nearly $100 million to buy 7Park, which has beefed up its sales team to sell clients tools instead of reports.

January 09, 2020   |   View Online »

PE shop Vista Equity Partners paid $100 million for 7Park to get in on the alt-data craze. Insiders told us how it's trying to juice business in an industry that's showing cracks. Dan DeFrancesco,Bradley Saacks | Sources say Vista Equity Partners spent nearly $100 million to buy 7Park, which has beefed up its sales team to sell clients tools instead of reports. Read More »

Goldman Sachs lost at least 36 partners last year. Here's a list of all the names we know — and it shows a securities-division exodus. Dakin Campbell | Since becoming CEO in October 2018, David Solomon has turned a sharp eye to Goldman's trading division. Read More »

Wells Fargo is advertising more tech jobs and fewer risk and compliance roles — hinting it could finally be spending less on cleaning up after its sales-practices scandal Rebecca Ungarino | Jefferies analysts examined Wells Fargo's job listings as part of a sweeping report on costs — which the bank has been trying for years to rein in. Read More »

Wealth startup YieldStreet just nabbed backing from Citi and inked a deal to sell billions in private credit and structured products to the mass affluent crowd Rebecca Ungarino | The deal, the financial terms of which were not disclosed, underscores young fintechs' ambitions to open up complex investments to Main Street. Read More »

BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August Bradley Saacks | The fund, which runs around $1.7 billion, invests in rates, mortgages, and corporate credit, and is run by Stuart Spodek. Read More »

A construction tech startup is launching a Glassdoor-like service for general contractors to show who pays on time Alex Nicoll | Levelset, a construction-focused startup that assists in processing payments for contractors, is part of a hot corner of real estate tech. Read More »

Take the Business Insider Prime 2020 survey for a chance to win a free year of access Business Insider | Help us create a better BI Prime by participating in a brief online survey. 50 participants will win a year of free access. Read More »

These are the billion-dollar programs KPMG, Deloitte, and PwC plan to use in 2020 to retrain thousands of employees on the hottest new tech Joe Williams | Some of the companies are thinking of packaging and selling the programs to clients who are also hoping to reskill workers on AI and cloud computing. Read More »

Bill Gates, Jeb Bush, and 2 of New York's hottest VC firms want to end mass shootings with a $30 million investment in Evolv, a tech startup working on a new kind of metal detector Melia Russell | Evolv Technology is a startup whose metal detectors are engineered to locate guns and other weapons in a crowd. Read More »

Google could acquire Salesforce and spin out its cloud business to catch up to Amazon and Microsoft, analyst predicts Ashley Stewart | RBC predicts Google could acquire Salesforce to leapfrog Microsoft in the cloud market and spin out Google Cloud Platform into a dedicated company. Read More »

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