Capital Group Embraces Private Assets Era
Giant with more than $3 trillion in assets ready to move into the spotlight
Capital Group marked a decade at Frankfurt’s Deutsche Bank Park with a hot air balloon.
Photographer: Martin Joppen/Wirtschaftsförderung Frankfurt
Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore the A$4.5 trillion reasons behind one of BlackRock’s more modest M&A deals, the cost of busting US sanctions and Wall Street’s Christmas wish to private equity. But first, we look at why one of the world’s quietest fund firms is now finding its voice. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net
It’s probably the biggest investment firm that you know the least about. Capital Group has gathered $3.3 trillion in assets in its near-century of existence without pitching itself directly to investors. Now, the world’s biggest active-only manager is ready to shed its introverted image.