Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time.

TPG Inc. exited most of its stake in Anastasia Beverly Hills as part of a debt restructuring, largely wiping out the private equity firm’s $600 million investment in the cosmetics company, according to people familiar with the matter.

TPG Inc. is making a big fundraising push for its real estate businesses as it looks to capitalize on a sector that has come under pressure in recent years.

Carlyle Group Inc. Chief Financial Officer John Redett touted the firm’s growth prospects and outlook on fundraising as he prepares to take over as co-president and lead its private equity business.

KKR & Co. is in talks to acquire a majority stake in Arctos Partners as it looks to push further into sports investing, according to people with knowledge of the matter.

KKR & Co.’s Raj Agrawal said he’s among those concerned about excess exuberance in data centers and artificial intelligence and that the firm is being selective to mitigate risk.

KKR & Co. is touting the strength of recent Asia funds as it looks to gather $15 billion for its latest vehicle in the region, according to people with knowledge of the matter.