BlackRock released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps...
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December 19, 2024, 08:07 AM
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Cervano Capital officially announced its formation as an independent sponsor. Cervano focuses on investments in the lower middle market across business services, industrial, technology, and consumer sectors. The firm aims to partner with founder-led...
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December 18, 2024, 08:06 AM
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MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced the successful final close of MidOcean CLO Equity Fund I (the “Fund”) with $304 million...
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December 18, 2024, 06:23 AM
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J.F. Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, announced the successful closing of its latest flagship fund, JFL Equity...
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December 12, 2024, 08:08 AM
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BlackRock and HPS Investment Partners, a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for BlackRock to acquire HPS for approximately $12 billion, with 100% of...
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December 03, 2024, 08:15 AM
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Transom Capital Group, a private equity firm focused on operational improvements in the middle market, announced the final close of Transom Capital Fund IV at $675 million in capital commitments, more than double the size of its previous fund and...
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November 11, 2024, 08:03 AM
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H.I.G. Capital announced the closing of H.I.G. Capital Partners VII ("Fund VII"). Significantly oversubscribed, Fund VII closed with $2 billion of capital commitments and continues the Firm's highly successful strategy of making control equity...
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October 29, 2024, 07:50 AM
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Apollo closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just...
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October 16, 2024, 08:15 AM
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Bloomberg Law reported that Blue Owl Capital's CEO, Doug Ostrover sees asset-based lending as “the next big boom” in private credit as regional banks retreat from the space.According to the Bloomberg Law report, Ostrover said that Blue Owl Capital...
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October 16, 2024, 08:14 AM
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BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt...
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September 27, 2024, 08:05 AM
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Bloomberg reported that Blue Owl Capital led a $3.2 billion private debt financing supporting Blackstone and Vista Equity Partners’ buyout of software firm Smartsheet Inc., with 20 other lenders participating.Read the full news story on Bloomberg...
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September 26, 2024, 07:50 AM
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KKR released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).In the report, McVey and his team chart the evolution of the...
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September 26, 2024, 07:47 AM
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KKR announced the final closing of KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR...
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September 25, 2024, 08:15 AM
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Citizens served as the exclusive financial advisor to GHK Capital Partners LP, a middle-market private equity firm based in Greenwich, CT, on its acquisition of NY-based Horizon Group.Founded in 2018, GHK is a leading middle-market private equity...
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August 29, 2024, 07:14 AM
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The number of terminated private equity-backed deals globally fell 86.2% year over year to just four in the second quarter, according to data from S&P Global Market Intelligence.The decrease in terminated deals suggests a stronger closing momentum in...
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Monomoy Capital Partners, a private investment firm focused on the middle market, closed its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion...
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BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow...
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MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, closed its third opportunistic credit fund, MidOcean Tactical Credit Fund III (the...
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InTandem Capital Partners, a middle-market private equity firm focused exclusively on healthcare services, announced the final closing of InTandem Capital Partners Fund III, LP, with $715 million in total capital commitments. Fund III closed above...
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $9.3 billion in U.S. direct lending commitments across 71 transactions during the first quarter of 2024 and approximately $29.6 billion in direct...
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Ares Management Corporation announced that Ares Management funds (“Ares”) have acquired an interest in a portfolio of Limited Partner stakes (the “Portfolio”) from a leading institutional investor. The Portfolio comprises investments that are...
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Private equity entered 2024 ready to shop, and a study released by Citizens reveals many business leaders may be open to making a deal.Nearly three quarters (72%) of small- and mid-size businesses in the U.S. view the private equity industry as a...
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Altera, an alternative asset manager that capitalizes the lower middle market, has surpassed $400 million of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over...
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Comvest Partners announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.“We appreciate the strong reception CIP VI received...
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Cambridge Wilkinson announced the spin out and full support of an affiliate, BCB Equity Partners, an independent private equity firm which will pursue control and buyout transactions in the lower middle market. The geographic focus of BCB will be...
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation announced that the shareholders of each business development company (“BDC”) have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company...
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Bain Capital Credit announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.Bain Capital Credit’s Private Credit Group invested in 58...
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February 16, 2024, 07:35 AM
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Churchill Asset Management closed its second collateralized fund obligation (“CFO”). The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital...
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December 19, 2023, 07:46 AM
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KBRA DLD, a division of KBRA Analytics, released its latest Monthly Insights & Outlook and Default Reports on the U.S. direct lending market. Highlights from the report are below:Defaults:The year-to-date (YTD) direct lending default rate rose to...
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December 18, 2023, 07:54 AM
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Churchill Asset Management and Arcmont Asset Management, the U.S. and European operating companies of Nuveen Private Capital, announced the appointment of Jamal Hammoud as Managing Director and Senior Investment Strategist. Hammoud will be...
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November 28, 2023, 07:13 AM
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Whitehorse Liquidity Partners, a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, is expanding its distribution capabilities with two new hires in...
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November 14, 2023, 07:18 AM
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Guidehouse, a leading global provider of consulting services to the public sector and commercial markets, entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse...
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November 06, 2023, 07:31 AM
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Graycliff Partners announced the closing of the firm’s fifth lower middle market private equity fund, Graycliff Private Equity Partners V (the “Fund”). The oversubscribed Fund closed at its hard cap of $600 million in limited partner commitments in a...
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October 19, 2023, 05:00 AM
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Crayhill Capital Management announced the closing of a $50 million capital facility with E2M Ventures ("E2MV"), a real estate investment firm focused on middle market debt and equity.The facility is expressly designed to facilitate E2MV's ability to...
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October 18, 2023, 07:52 AM
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Blackstone announced the integration of its market-leading corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone’s fastest-growing segment – more...
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September 14, 2023, 08:00 AM
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Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, reached its fundraising target for Monomoy Credit Opportunities Fund II (MCOF II) with $300 million in total commitments. The...
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September 08, 2023, 07:43 AM
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May River Capital, a Chicago-based private equity investment firm, has raised its third fund, May River Capital Fund III, LP (“Fund III” or the “Fund”). Fund III closed on its hard cap of $500 million in limited partner commitments, exceeding the...
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BlackRock and Kreos Capital announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.The acquisition of...
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Brightwood Capital Advisors, a middle market private credit firm, announced that it deployed nearly $2 billion of capital to 35 new borrowers, in fiscal year 2022.This volume of investment activity was spurred by asset growth across Brightwood’s...
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TPG, a leading global alternative asset management firm, and Angelo Gordon, a $73 billion alternative investment firm focused on credit and real estate investing, announced that the companies have entered into a definitive agreement under which TPG...
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Oaktree Capital Management announced the launch of private credit-focused Oaktree Lending Partners and its related vehicles (OLP). OLP is targeting $10 billion in equity commitments from institutional investors.OLP will seek to originate senior...
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Audax Strategic Capital (ASC), a provider of mid-hold capital solutions that enable private equity sponsors to continue investing in expanding middle market companies, announced recent additions to its growing team that reflect ongoing momentum since...
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January 27, 2023, 07:50 AM
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Churchill Asset Management announced its 2022 investment and capital raising activity, notable firm highlights and company-wide promotions. Despite the challenging economic environment, Churchill experienced strong growth across its leading private...
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January 13, 2023, 08:00 AM
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Brightwood Capital Advisors announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm...
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December 27, 2022, 07:09 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.7 billion in U.S. direct lending commitments across 45 transactions during the third quarter of 2022 and approximately $32...
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October 27, 2022, 08:00 AM
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HarbourVest Partners, a global private markets investment specialist, announced the final close of its twelfth flagship US fund, HarbourVest Fund XII, which closed above its $2.0 billion target at over $3.0 billion, including the General Partner...
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September 23, 2022, 07:00 AM
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TA Associates (“TA”), a leading global growth private equity firm, announced the completion of its fundraising for TA Debt Fund V (“the Fund”) with total commitments of more than $1.1 billion. Launched in 2022, TA Debt Fund V quickly exceeded its...
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September 21, 2022, 07:00 AM
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Atalaya Capital Management announced that Elm Park Capital's experienced team of credit investment professionals will join Atalaya in the new Atalaya Crescent office, located in the financial center of Dallas. The Elm Park team will strengthen...
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Sixth Street, a leading global investment firm with over $60 billion in assets under management, announced the formation of a dedicated structured products business to further enhance its capabilities as a strategic capital partner and solutions...
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Castlelake appointed four team leaders as partners. The appointment of these partners reflects Castlelake's desire to elevate differentiated talent across the organization and continually optimize its leadership. The partners are:
Chris Buckley -...
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November 15, 2021, 07:14 AM
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H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital, announced the final closing of H.I.G. Bayside Loan Opportunity Fund VI (the “Fund”). The Fund closed with aggregate capital commitments of $1.4 billion...
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AMP Limited and Ares Management Corporation announced that they have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure...
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February 26, 2021, 07:30 AM
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In response to recent media coverage, Owl Rock Capital Group (“Owl Rock”) and Dyal Capital Partners (“Dyal”) today confirmed they are in discussions regarding a potential strategic combination.The potential combination would bring together two...
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December 03, 2020, 08:30 AM
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Stephen Toy, previously Founding Member and Co-Head of WL Ross & Co. LLC and Global Head of Private Equity at Invesco Private Capital; and Nadim Qureshi, previously Managing Partner and Head of Industrials and Chemicals at WL Ross & Co. LLC and...
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November 24, 2020, 08:10 AM
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Sumeru Equity Partners, a San Mateo, California-based private equity firm, closed Sumeru Equity Fund III, L.P., at $720 million.The fund received support from existing and new LPs, securing commitments from prominent institutional investors in North...
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November 23, 2020, 08:00 AM
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Blue Wolf Capital Partners, a New York-based private equity firm, announced the expansion of its investment team with four strategic hires: Shashank Patel, Greg Singer, Ethan Cooper and David Meyers. Blue Wolf has also promoted Chief Financial...
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October 23, 2020, 08:15 AM
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The Securities and Exchange Commission announced that Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay $1 million dollars to settle charges that it failed to implement and enforce...
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Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group, a leading provider of human capital solutions in the San Francisco Bay Area, on its recapitalization by New Heritage Capital, a Boston-based private equity...
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York Capital Management, a global private investment firm, closed its third North American middle-market special opportunities private equity fund, with final capital commitments of approximately $800m.In line with its predecessor funds, York Special...
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When a private equity group needed a debt partner that combined industry knowledge with dynamic execution, they choose Republic Business Credit’s West Coast team to complete the leveraged buyout of the food manufacturer. Republic prides itself by...
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T-street Capital, LLC announced that it has completed the spinout of a private equity portfolio from a well-established publicly traded commercial bank. T-street acquired the private equity holdings from the bank's affiliated small business...
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Shoreline Equity Partners, a private equity firm with a disciplined and collaborative approach to investing in U.S. lower middle market companies, announced its launch. Shoreline’s investment philosophy is focused on being an ideal partner to...
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Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, software, industrial technology, and healthcare industries, announced the final closing of Genstar Capital Partners IX with $5.5 billion in...
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February 25, 2019, 08:01 AM
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Falfurrias Capital Partners announced it has closed its new middle-market private equity fund, Falfurrias Capital Partners IV, at its hard cap of $500 million in investor commitments.The Charlotte-based private equity firm, founded by former Bank of...
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February 20, 2019, 09:09 AM
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Amid rising concerns about a downturn in the economic cycle, institutional investors are looking to mitigate risks by increasing allocations to private markets according to BlackRock’s annual survey of global institutions.
Globally, over half (56%1)...
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January 21, 2019, 08:21 AM
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The past 12 months marked the most active year ever recorded for private equity-backed buyout deal making, according to a new report from Preqin.
There were 5,106 acquisitions announced in 2018, the fifth consecutive year in which the number of...
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January 08, 2019, 07:50 AM
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The stable sector outlook for global investment managers (IMs) in 2019 reflects growing scale and product diversity, which should provide a degree of cushion against multiple sector headwinds, Fitch Ratings says. However, traditional IMs may be more...
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December 10, 2018, 07:11 AM
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The private equity sector can expect to see an expanding bidding war for top talent, according forthcoming research from Hunt Scanlon Media. Persistent global talent shortages across the C-suite are driving the trend, with nearly every industry and...
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December 05, 2018, 07:06 AM
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CEPRES released their latest analysis of the North American Buyout market revealing the changing dynamics in pricing multiples and value creation post-GFC (Global Financial Crisis).
By analyzing the 4,485 North America Buyout deals since 2009...
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October 29, 2018, 07:07 AM
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Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Lead Arranger for...
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October 15, 2018, 07:00 AM
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Following two quarters of lower private equity fundraising, Q3 activity has picked up, with 214 funds raising a total of $121 billion, Preqin reports.
Analysts expect these figures to rise by up to 10% as more information becomes available, but the...
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October 05, 2018, 07:11 AM
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Investor interest in distressed debt currently outstrips all other private debt fund types, with 52% of institutions targeting the strategy in Q1 2018. However, fundraising has slumped in 2018 so far, with just three distressed debt funds having...
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BlackRock Inc. and Tennenbaum Capital Partners, LLC (TCP) announced a definitive agreement under which BlackRock will acquire TCP, a manager focused on middle market performing credit and special situation credit opportunities.
The acquisition...
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