PE Managers Seek Hollywood Star Power

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Private equity investors are putting their money behind US celebrities, with the latest deal involving a $12 billion fund controlled by asset manager Azimut Group agreeing to buy a 10% stake in BroadLight Holdings, the Financial Times reported.

BroadLight’s co-founders include Rick Yorn, a talent agent, and his brother Kevin Yorn, an entertainment lawyer. They represent actors and entertainers including Cameron Diaz, Scarlett Johansson, Leonardo DiCaprio and Chris Rock.

Read the full report: Financial Times



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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.