PE HUB First Read

CITIC Capital Partners plans to raise up to $1.5 billion for third China-focused fund.

Saudi Arabia plans yet another sovereign wealth fund, a $2 trillion pool to help wean the kingdom off of oil.

The young traders on Reddit making risky oil bets live with one slogan: YOLO.

Speaking of Reddit: the Internet’s front page hints, without actually saying it, it received a national security letter.

Will the IPO markets ever come back? Activity lowest since the Great Freeze of 2009.

Why did Angbad Insurance Group — with close ties to Chinese government — suddenly pull out of bidding for Starwood?

Candy bar company Mars Petcare acquires pet activity tracker Whistle.

Google’s April Fools Gmail gag backfires as users lose access to important emails.

Brace for an arctic blast in the Great Lakes and northeast that could bring snow this weekend into early next week.

Photo courtesy of REUTERS/Lindsay DeDario