Mastercard Makes Private Equity Debut With $550 Million Deal

The Mastercard Foundation has reportedly established itself as a major institutional investor following a private equity deal.As Bloomberg News reported Tuesday (Nov. 26), the foundation has for years been one of the most successful investors in the world based on the strength of its sole holding: Mastercard.But the foundation is now trimming that $50 billion stake, diversifying into various assets and — more recently — purchasing discounted private equity stakes.For example, the report said, Mastercard Fou ...