The past decade has seen a flood of capital into hard-to-see, less liquid assets, transforming the scale and scope of the private-equity firms

South Africa’s rand has already performed strongly this year, while President Jacob Zuma’s departure may help keep the country’s bonds in an elite

Big private-equity firms can now behave like old-fashioned investment banks, using their own balance sheets to move quickly, make big bets and earn

Private-equity returns are really hard to measure and come with big caveats. It helps to understand just exactly what sort of performance

The health-care industry is in the throes of a major shake-up. That creates a situation in which companies face a greater risk by standing pat than

China’s “One Belt One Road” Asian infrastructure push is the most ambitious regional development program since the Marshall Plan. How much does that