Private Equity 24-Hour Briefing
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Last updated: May 17, 2026, 11:31 AM ET
Venture Capital & IPOs
Nectar Social raised $30 million techcrunch.com in a Series A led by Menlo Ventures, boosting its total funding to $45 million for AI-driven marketing tools. Separately, Madison Air filed for IPO targeting a $500 million valuation after tripling revenue in the private jet charter market.
Billionaire Wealth & Infrastructure
A surge in aluminum prices lifted China Hongqiao's Zhang Bo to a $48 billion fortune, making him one of Asia's richest industrialists. Meanwhile, Blackstone arranged $1.2 billion in financing for Air Trunk's Japanese data center expansion, part of a broader PE push into AI infrastructure assets.