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PE News Weekly 📈 📍 Blackstone, managing over $1 trillion in assets, has significantly ramped up its investment in single risk transfer products backed by subscription lines, despite potential risks tied to their own operations. Dismissing concerns of circular risk, they highlight the strong track record of their investors in meeting capital calls over their 40-year history. 📍 Paramount Pictures is currently in advanced negotiations to sell Black Entertainment Television LLC to an investor group led by BET CEO Scott Mills and private equity firm CC Capital, in a deal valued between $1.6 billion and $1.7 billion. This potential divestiture forms part of Paramount's strategy to cut costs by $500 million. 📍 New Mountain Capital successfully closed its seventh control-oriented fund, New Mountain Partners VII, securing $15.4 billion in capital commitments. Focused on non-cyclical growth sectors, the fund has already made strategic acquisitions in transportation engineering and advisory services, highlighting its robust growth strategy. Follow Raw Selection for weekly updates on PE News! #privateequity #penews #privateequitynews #rawselection

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