Ant Group's IPO to spell bonanza for Silver Lake, Warburg and Carlyle

Ant Group's IPO to spell bonanza for Silver Lake, Warburg and Carlyle

The mascot for Ant. Photographer: Qilai Shen/Bloomberg

A raft of U.S. private equity firms backed by the country’s largest endowment and pension funds stands to reap big gains from Ant Group’s highly anticipated initial public offering, even as U.S. lawmakers push funds to halt investments in China.

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