Private Equity 24 Hours

Last updated: August 23, 2026, 2:34 AM ET

Private Equity

The DOJ's investigation into a16z's board seats has left venture capitalists puzzled, with the probe's scope and rationale unclear. The uncertainty could ripple through how VCs approach startup governance, potentially chilling board participation across the industry.

In sports, FSG's sale of a Liverpool stake to a Bezos-backed consortium closed at a record $7bn valuation, underscoring the continued appetite for marquee franchise assets among private equity investors.