Shizuo Kambayashi / AP

This has been a record-breaking few weeks for private equity, in terms of new capital formation. And not just that $100 billion global tech fund from SoftBank.

Why it matters: The last time we saw massive fundraising like this, the global economy had peaked. Investors just didn't know it yet.

Since the beginning of April, we've seen:

  • The largest global PE fund ever raised: SoftBank Vision Fund, $93 billion (total target $100 billion)
  • The largest Europe-based PE fund ever raised: CVC Capital Partners, €16 billion
  • The largest Asia-focused fund ever raised: KKR Asia III, $9.3 billion
  • The largest U.S.-based tech PE fund ever raised: Silver Lake V, $15 billion.

Moreover, The Blackstone Group is halfway toward the largest infrastructure fund ever raised ($40 billion target) and Apollo Global Management is raising the largest-ever U.S.-based buyout fund ($23.5 billion target). There also was an SEC filing today that showed Sequoia Capital had raised nearly $2 billion for a global growth equity fund, which is far more than the venerable Silicon Valley firm has ever before raised.

Go deeper

Michael Cohen taken back into federal custody

Michael Cohen arrives at his Park Avenue apartment on May 21 in New York City. Photo: Johannes Eisele/AFP via Getty Images

President Trump's disgraced former personal lawyer Michael Cohen is heading back to prison after refusing the conditions of his home confinement, according to two people familiar with the situation.

Details: A New York Post report earlier this month placed Cohen out at a restaurant in New York with his wife, while one of the sources said that more broadly he refused to wear an ankle bracelet.

U.S. sanctions Chinese officials over Uighur human rights abuses

Photo: Xinhua/Liu Jie via Getty Images

The Treasury Department announced Thursday that the U.S. has sanctioned four Chinese Communist Party officials and the Xinjiang Public Security Bureau for human rights abuses against Uighur Muslims and other ethnic minorities in Xinjiang.

Why it matters: The sanctions designations, pursuant to the Global Magnitsky Act passed by Congress in 2016, mark a significant escalation in the Trump administration's response to the Chinese government's detainment of over 1 million Uighurs in internment camps.

Updated 33 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 12,118,667 — Total deaths: 551,271 — Total recoveries — 6,649,930Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 3,081,383 — Total deaths: 132,570 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 statesFlorida reports highest single-day coronavirus death toll since pandemic began.
  4. Science: World Health Organization acknowledges airborne transmission of coronavirus.
  5. Travel: Young adults are most likely to have moved due to coronavirus.