Lyft's IPO is already oversubscribed – CNBC

Lyft’s initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday. The development indicates that many investors are willing to overcome uncertainty over …

Cresset Asset buys Evanston Advisors – PE Hub

Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresset Asset Management (“Cresset”) announced today the acquisition of Evanston Advisors (“Evanston”), a Chicago-area SEC Registered Investment Advisor (“RIA”). This exciting partnership enhances …

Bridging the Week – March 2019 #3 | Katten Muchin Rosenman LLP – JD Supra

Last week, J. Christopher Giancarlo promised a “workable” revised position limits proposed rule before he leaves as chairman of the Commodity Futures Trading Commission sometime this summer. Separately, the Securities and Exchange Commission’s Division of Investment Management sought comments on how its Custody Rule applies to cryptoassets. As a result, the following matters are covered …