Oct 16, 2017

Peter Thiel got married over the weekend

A 2012 file photo of Thiel. Ben Margot / AP

Peter Thiel got married in Vienna this past weekend, Axios has learned. Guests came expecting to celebrate the billionaire venture capitalist's 50th birthday, but instead were surprised by a wedding to longtime boyfriend Matt Danzeisen.

Thiel, who was an early investor in Facebook and a co-founder of PayPal, endorsed Donald Trump during the campaign and has been a rare voice of support for the president in Silicon Valley. Thiel's spokesman declined to comment for this story.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.