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Raleigh's Captrust is valued at $1.25B after investments from a Chicago private equity firm.

Charlotte-based SPX FLOW sold a power and energy unit for $475 million to the Apollo Global private-equity group.

By Mike MacMillan About 250 private-equity professionals gathered last week for the 12th annual Alternative Investments Conference, hosted by the Institute for Private Capital at UNC Chapel [...]

Charlotte PE group Summit Park sold a portfolio holding, records management company Arkive, to Access CIG of Livermore, Calif. Atlanta-based Arkive “built significant value in 17 [...]

Charlotte School of Law's sister institution in Arizona aiso under fire for poor bar exam scores and graduates' difficulty in finding jobs. Private equity groups that own the schools aren't talking.

MapAnything raises $33 million to expand its software company. Investors include former NBA Commissioner David Stern and a U.S. affiliate of a controversial Russian conglomerate.

Dale Folwell, North Carolina's new state treasurer, is pressing investment fund managers to explain their results and cut fees - in 18 minutes or less.

Buddy Greenwood, the former president and CEO of Bank of Asheville, pleaded guilty in May to federal charges of money laundering and wire fraud.

Durham-based SJF Ventures’ third private-equity fund became the first national one to be licensed by the Small Business Administration as an Impact Investment Fund. 

“Get the heck out of that bank.”— Democratic Sen. Dick Durbin’s advice to Bank of America customers Oct. 3 after it announces it will institute [...]