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Mark Vandevelde

US Private Capital Correspondent

Mark Vandevelde is the US private capital correspondent at the Financial Times. He writes about Wall Street, focusing on Apollo, Blackstone and other “private capital” firms that are displacing banks and the stock market as engines of the US financial system. Before that, he was executive editor of the FT’s op-ed page. He began his career as a consultant at Bain & Company and an associate at Hg, the tech-focused European buyout firm.
Email Mark Vandevelde @markvdvd  on Twitter (link opens in a new browser window)

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  • Monday, 29 January, 2024
    News in-depthDetroit
    Detroit Lions’ resurgence puts sporting spin on city’s economic revival

    A decade after bankruptcy, the Midwestern metropolis is trying to end its cycle of industrial decline

    Detroit Lions wide receiver Jameson Williams, right, tries to catch a pass in front of San Francisco 49ers cornerback Ambry Thomas, left, and safety Ji’Ayir Brown, centre, during the NFC Championship game in Santa Clara, California, on Sunday
  • Thursday, 4 January, 2024
    News in-depthPrivate equity
    ‘Stalinist show trial’: court brawl rattles buyout industry

    HIG and Audax attack each other over $900mn deal in rare legal battle between private equity peers

    A montage of the Mobileum logo and US bank notes
  • Wednesday, 22 November, 2023
    Leon Black
    The downfall of Wall Street billionaire Leon Black

    How one woman’s rape allegations were twisted into a fight over the reputations of two powerful men

  • Thursday, 7 September, 2023
    FTX Trading Ltd
    Former Bankman-Fried lieutenant pleads guilty in FTX case

    Ryan Salame becomes fourth leader of crypto exchange to reach agreement with prosecutors

    The FTX logo with an illustration of cryptocurrency
  • Friday, 1 September, 2023
    US financial regulation
    Private funds sue to stop ‘unlawful’ SEC disclosure rules

    Plaintiffs ask the court to intervene on US regulator’s measures they say will harm the industry and their investors

    Exterior of the US Securities and Exchange Commission headquarters
  • Wednesday, 23 August, 2023
    Apollo Global Management LLC
    Apollo sued over $570mn tax payout to top executives

    Pension fund says windfall for private equity titans is unjustified

    Montage with Josh Harris, Leon Black and Marc Rowan
  • Friday, 18 August, 2023
    Bitcoin
    Bitcoin shaken out of lull by SpaceX sale worries

    Sell-off comes amid US regulatory crackdown on sector and rising interest rates

    A representation of cryptocurrency bitcoin placed on a PC motherboard
  • Monday, 14 August, 2023
    Leon Black
    Leon Black sues law firm behind abuse accusers’ cases

    Apollo co-founder files complaint against Wigdor for ‘malicious prosecution’ of civil claim

    Leon Black
  • Friday, 11 August, 2023
    Sam Bankman-Fried
    FTX founder Sam Bankman-Fried jailed after US judge revokes bail

    Crypto entrepreneur accused by prosecutors of witness tampering while awaiting trial

    A courtroom sketch shows Sam Bankman-Fried being escorted out by court officers
  • Sunday, 6 August, 2023
    Oil & Gas industry
    Gas mogul who redrew energy map clings to ranch after loans come due

    Charif Souki pioneered the American LNG boom but now warns of homelessness in battle with UBS

    A montage of Charif Souki and the log of Tellurian in the background
  • Tuesday, 25 July, 2023
    Law
    Leon Black hit by new suit in confrontation with #MeToo law firm

    Wigdor files complaint on behalf of woman who alleges billionaire sexually abused her in 2002

    Leon Black
  • Friday, 21 July, 2023
    Leon Black
    Leon Black agreed $62.5mn deal over potential Epstein-related claims

    Apollo Global Management founder reached agreement with US Virgin Islands regarding his past ties to late sex offender

    Leon Black
  • Friday, 21 July, 2023
    Special purpose acquisition companies
    Shares of Trump Spac soar after deal to settle SEC fraud charges

    Blank-cheque company planning to take former president’s media company public will pay $18mn fine if deal goes through

    Truth Social platform logo
  • Friday, 21 July, 2023
    FTX Trading Ltd
    FTX sues Sam Bankman-Fried and former associates seeking more than $1bn

    Bankrupt crypto exchange’s lawsuit opens new front in effort to recoup assets sought by creditors and customers

    Sam Bankman-Fried
  • Thursday, 13 July, 2023
    Cryptocurrencies
    SEC dealt legal setback in effort to tame crypto market

    In closely watched case against Ripple, judge says tokens sold on public exchanges were not securities

    The logos for Ripple, XRP and a coin
  • Thursday, 13 July, 2023
    Cryptocurrencies
    Celsius founder Alex Mashinsky arrested and charged with fraud

    Prosecutors allege founder misled investors into ploughing billions of dollars into cryptocurrency lender

    Alex Mashinsky
  • Saturday, 1 July, 2023
    On Wall StreetPrivate credit
    The real risk of private credit does not lie in misbehaviour on Wall Street

    We are only just discovering the risks and rewards of this new force in finance

    People outside Brookfield’s offices in Toronto
  • Thursday, 29 June, 2023
    Digital World Acquisition Corp
    Three men charged with insider trading related to Trump media Spac

    US authorities allege more than $20mn in ill-gotten profits after private merger information was shared

    An image of former US president Donald Trump reflected in a phone screen displaying the Truth Social app
  • Friday, 9 June, 2023
    LetterOne Holdings SA
    LetterOne chair Mervyn Davies receives bumper payout after Russian oligarchs’ exit

    City grandee received total of $40mn last year after Russian billionaire shareholders were targeted by UK sanctions

    Mervyn Davies
  • Wednesday, 31 May, 2023
    UK tax
    UK’s top private equity executives take home £2.7bn in carried interest

    Haul by 255 dealmakers in 2020-21 comes as politicians threaten to increase taxes on industry

    Exterior of HMRC building
  • Saturday, 27 May, 2023
    On Wall StreetBerkshire Hathaway Inc
    Buffett’s intriguing bet on Japan

    The famed investor has increased his stakes in five trading companies while funding his purchases in yen borrowing

    Warren Buffett
  • Thursday, 25 May, 2023
    Leon Black
    Apollo co-founder Leon Black wins dismissal of sexual assault lawsuit

    Billionaire financier says ex-mistress who filed suit was ‘able to manipulate the legal system and media’

    Leon Black
  • Thursday, 18 May, 2023
    Alameda Research
    Alameda seeks millions of dollars from firms including George Osborne’s 9Yards

    Lawsuit from bankrupt crypto hedge fund seeks to recoup FTX money allegedly spent on start-up Embed Financial

    FTX logo
  • Tuesday, 2 May, 2023
    Healthcare
    UnitedHealthcare loses legal battle against KKR-owned doctors group

    US health insurer is facing dozens of complaints alleging it has not paid its bills

    UnitedHealthcare office in New York
  • Saturday, 29 April, 2023
    SVB Financial Group
    SVB discussed selling up to $20bn in bonds months before bank run

    Lender considered drastic action to stem liquidity crisis as early as November last year, documents show

    People line up outside a Silicon Valley Bank
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