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TOP NEWS IN PRIVATE EQUITY
* Pearl Energy Investments and NGP Energy Capital Management LLC plan to take shale oil producer Colgate Energy Partners III LLC public, Reuters reported Dec. 14, citing people familiar with the matter. The potential IPO could be launched by mid-2022 and value the company at nearly $4 billion, including debt, according to the report.
* NVP Associates LLC, or Norwest Venture Partners, raised $3 billion for its Norwest Venture Partners XVI LP fund. The vehicle will invest in early- to late-stage venture and growth companies in the consumer, enterprise and healthcare sectors.
➤ Fed set to quicken taper pace with rate hikes coming in 2022
Soaring inflation has boosted the odds for as many as four rate hikes next year.
➤ Path to net-zero: Oil, gas industry on trajectory to miss 2-degree climate goal
The number of oil and gas companies pledging net-zero carbon emissions by 2050 keeps increasing,...