CenterOak Partners, a Dallas-based private equity firm, announced the closing of CenterOak Equity Fund III, L.P. (“Fund III” or the “Fund”). The Fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion....
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August 26, 2024, 07:52 AM
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Golub Capital announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.Fund 6 is the largest Golub Capital Credit Opportunities fund to-date. Commitments were...
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The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook. According to the outlook, private equity...
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Ares Management Corporation announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit...
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February 26, 2024, 08:02 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $10.1 billion in U.S. direct lending commitments across 78 transactions during the fourth quarter of 2023 and approximately $22.4 billion in direct...
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February 08, 2024, 07:58 AM
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Trinity Hunt Partners announced the closing of Trinity Hunt Partners VII at its hard cap of $700 million in capital commitments. Fund VII was oversubscribed, with fundraising completed in less than five months. The Fund’s diverse investor base...
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February 07, 2024, 07:00 AM
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Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government regulated industries, successfully closed its latest fund, Arlington Capital Partners VI (“Fund VI” or the “Fund”). Fund VI closed at its hard cap...
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January 29, 2024, 07:47 AM
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Falfurrias Management Partners closed its latest, oversubscribed lower middle-market private equity fund, Falfurrias Growth Partners I (FGP), at $400 million in investor commitments. FGP is the firm's first dedicated growth buyout fund. In addition...
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December 11, 2023, 07:14 AM
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Clifford Chance advised funds managed by BlackRock Financial Management on the purchase of US$220 million in senior secured notes issued by a Canadian resorts developer owned by Freed Corp. The proceeds of the notes, which were secured by real estate...
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December 08, 2023, 06:00 AM
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Golub Capital announced that it is one of the lead investors in Ruby Reinsurance Company (“Ruby Re”), a newly formed reinsurance sidecar vehicle sponsored by Reinsurance Group of America, Incorporated (“RGA”) that enhances RGA’s access to capital for...
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December 07, 2023, 07:14 AM
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Dechert, in partnership with Mergermarket, released their 6th annual Global Private Equity Outlook report. This latest edition of the report provides a comprehensive analysis of the private equity (PE) market, offering insights into the challenges...
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November 08, 2023, 07:50 AM
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Bloomberg reported that Fortress Investment Group is targeting as much as $8 billion for its latest credit opportunities fund, focused on investing in areas ranging from distressed debt to structured credit, according to a person with knowledge of...
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October 30, 2023, 08:14 AM
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Ridgemont Equity Partners, a middle market private equity firm, announced the following promotions: Michael Mandl to Principal, Tom Polak, Sam Poole, and Andrew Schultz to Vice President, Pete Thompson to Senior Associate, and John Chirokas to Chief...
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October 16, 2023, 07:24 AM
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Ares Management Corporation and Vinci Partners Investments Ltd. have reached an agreement to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and to collaborate on distribution, product development and other...
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October 11, 2023, 06:52 AM
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Apollo Debt Solutions BDC (“ADS” or the “Fund”) has appointed Eric Rosenberg and Adam Eling as Chief Financial Officer and Chief Operating Officer, respectively, of ADS, effective October 2, 2023. ADS is a non-exchange traded business development...
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October 06, 2023, 08:30 AM
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HighVista Strategies, an alternative asset manager investing in private and public markets, announced the completion of its acquisition of the U.S. private markets business of abrdn Inc. (“abrdn”), abrdn plc’s US subsidiary, including the U.S....
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October 05, 2023, 05:00 AM
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Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents...
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October 02, 2023, 08:04 AM
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For the second consecutive year, H.I.G. Growth Partners was named one of the Top Private Equity Firms of 2023 by GrowthCap, an advisory firm specializing in growth capital. The award further establishes the firm’s place as a leading growth equity...
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September 25, 2023, 07:00 AM
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Obra Capital, a specialized alternative asset management firm that provides investment products and solutions across insurance special situations, structured credit, asset-based finance, and longevity, announced that it has completed the acquisition...
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Ares Management Corporation announced that Ares has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (“CPC”), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management...
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PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private...
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Carlyle announced that John Redett will become the firm’s Chief Financial Officer and Head of Corporate Strategy, effective October 1, 2023. Redett succeeds Curt Buser, Chief Financial Officer at Carlyle since 2014, who has decided to retire from the...
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Turnspire Capital Partners, a New York-based private equity firm focused on complex situations in the middle market, announced several recent additions to its team. These exceptional individuals bring a tremendous amount of expertise to Turnspire’s...
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $2.1 billion in U.S. direct lending commitments across 35 transactions during the first quarter of 2023 and approximately $23.5 billion in U.S. direct...
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Blue Owl Capital announced the launch of its Strategic Equity Strategy with the hiring of Chris Crampton as a Managing Director.Crampton brings nearly two decades of experience as a private markets investor, having previously served as a Partner and...
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Hercules Capital announced that Hercules Adviser (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has established a new institutional private credit lending program. The new private credit lending program was established to...
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JB Capital, an alternative credit manager investing in areas of the market underserved by traditional banks, announced the launch of its Merchant Banking Income Fund II (MBIF II), a second iteration of the firm’s flagship fund.“Our flagship MBIF fund...
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Crescent Capital Group announced the successful final close of its eighth private credit solutions fund, Crescent Credit Solutions VIII (“CCS Fund VIII”), raising $8 billion in investable capital, including targeted leverage and separately managed...
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February 27, 2023, 07:10 AM
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Rainier Partners, a private equity firm investing in lower middle-market services businesses, completed fundraising for Rainier Partners Fund I at its hard cap of $300 million, in excess of its $250 million target. The fund’s limited partners include...
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February 21, 2023, 07:00 AM
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Hyland Hill Investment Partners, a value-oriented, alternative credit investment firm focused on acquiring small balance private loans in North America, closed its inaugural $250 million fund, Hyland Hill Fund I (the “Fund”). The Fund will seek to...
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February 15, 2023, 07:44 AM
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Pemberton, a leading alternative credit specialist, has raised US$1 billion for its Working Capital Finance (WCF) strategy.The WCF strategy invests in receivables, payables, and inventory financings for large and mid-market companies in both the US...
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February 13, 2023, 08:00 AM
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PGIM Private Capital provided $16.1 billion of senior debt and junior capital to 241 middle-market companies and projects globally in 2022, completing a second consecutive record year of originations for the firm. PGIM Private Capital is a leading...
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February 13, 2023, 07:56 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4...
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February 09, 2023, 08:00 AM
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Global investment firm Carlyle announced that its Board of Directors has unanimously agreed to appoint Harvey M. Schwartz as Chief Executive Officer and a member of the Board, effective February 15, 2023. At that time, Bill Conway will step down as...
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February 06, 2023, 08:00 AM
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Atalaya Capital Management announced the completion of fundraising for its eighth Special Opportunities Fund (“ASOF VIII”). The oversubscribed fund closed with $1.8 billion of commitments given significant support from both new and existing...
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February 01, 2023, 07:48 AM
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Summit Partners, a leading alternative investment firm, announced the promotion of 14 professionals across the firm’s global offices. Scott Ferguson, Paul Furer, Mark Nordstrom, Dayton Ogden and Sophia Popova have been promoted to Partner; Chris Bon...
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January 30, 2023, 08:00 AM
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HarbourView Equity Partners received a $200 million senior secured credit facility with proceeds earmarked to acquire music royalty assets and for general corporate purposes. Fifth Third Bank acted as lead arranger, sole bookrunner and administrative...
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January 26, 2023, 07:50 AM
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Audax Private Debt, a leading provider of financing solutions for middle market private equity sponsors, successfully closed Audax Direct Lending Solutions Fund II, LP (“DLS Fund II”) with $3.0 billion of capital commitments. The new fund, which...
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January 20, 2023, 08:00 AM
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Ares Management Corporation announced the final closing of its Infrastructure Debt Fund V (“IDF V”), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its...
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January 12, 2023, 07:56 AM
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Seaside Equity Partners closed its second private equity investment fund, Seaside Equity Partners II, L.P. (“Seaside Fund II”). Seaside began fundraising in September 2022 with an initial target of $225 million. With the support from our existing...
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January 09, 2023, 07:00 AM
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Angelo, Gordon & Co. announced that AG Twin Brook Capital Income Fund (“TCAP” or the “Fund”) has launched with more than $800 million in total assets. TCAP is a non-traded business development company (“BDC”) that has approximately $530 million in...
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January 06, 2023, 08:00 AM
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Churchill Asset Management completed fundraising for Churchill Junior Capital Opportunities Fund II (the “Fund”) with $737 million of limited partner commitments, exceeding its original target of $500 million and well above the size of its $300...
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January 06, 2023, 07:34 AM
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Spouting Rock Asset Management announced an agreement to acquire Stewart Asset Management, LLC (“Stewart”), a New York-based investment manager that aims to provide long-term capital appreciation for clients through concentrated portfolios of quality...
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December 19, 2022, 07:08 AM
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VSS Capital Partners (“VSS”), a private investment firm that targets the healthcare, education, and business services industries, announced the successful final close of VSS Structured Capital Fund IV (“VSS SC IV”) at $530 million, exceeding its...
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December 15, 2022, 07:07 AM
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Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, announced the simultaneous closings of Sentinel Capital Partners VII, LP at $4.3 billion and Sentinel Junior Capital II, LP at $835 million. These twin...
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December 12, 2022, 07:48 AM
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400 Capital Management, an alternative credit asset manager specializing in structured credit with over $5.7 billion of capital under management, announced the final close of its Asset Based Term Fund III (“ABTF III”). The fund, launched in July 2021...
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December 08, 2022, 07:46 AM
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Raven Capital Management ("Raven"), an alternative investment management firm, announced the successful completion of the fundraising of Raven Asset-Based Credit Fund II LP and related vehicles, raising total investible capital of $834 million. In...
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November 22, 2022, 07:58 AM
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Medalist Partners and Semper Capital have formed a strategic partnership to co-invest across structured credit opportunities while leveraging the complementary investment expertise across both platforms. Under the partnership, Medalist will provide...
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November 11, 2022, 08:00 AM
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Ares Capital Corporation announced that it plans to make a public offering of 8,000,000 shares of its common stock. Ares Capital also plans to grant the underwriters an option to purchase up to an additional 1,200,000 shares of common stock. The...
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November 08, 2022, 08:00 AM
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HighVista Strategies announced the final close of its HighVista Opportunistic Private Credit Fund II LP (“Fund II”). HighVista closed on $450 million of capital for Fund II and related entities, exceeding the target for the fundraise. Fund II had...
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November 08, 2022, 07:14 AM
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Catalio Capital Management announced the successful close of its inaugural special situations fund, Catalio Credit Opportunities Fund I (the “Fund”) with over $85 million in commitments from new and existing institutional investors globally...
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November 08, 2022, 07:00 AM
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Ares Management Corporation announced the final closing of its Ares Special Opportunities Fund II, L.P. (together with Ares Special Opportunities Fund II (Jersey), L.P. and each of their parallel vehicles, “ASOF II”). With strong global investor...
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October 24, 2022, 08:00 AM
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Ares Management announced that it held the final closing of its Ares U.S. Real Estate Fund X, L.P. (“U.S. X” or the “Fund”) on September 30, 2022. U.S. X was oversubscribed with $1.8 billion of commitments relative to its $1.5 billion target and is...
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October 11, 2022, 07:52 AM
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Churchill Asset Management raised over $12 billion in third-party committed capital for the firm’s most recent senior lending program.This milestone includes the closings of the firm’s flagship levered and unlevered senior loan funds...
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October 10, 2022, 08:05 AM
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Ivy Asset Group is expanding its alternative offerings with a new private credit fund, Ivy Evergreen Fund ("The Fund") amid growing demand for investment opportunities amongst its network of leading RIAs, high net worth individuals, private pension...
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October 05, 2022, 07:51 AM
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Benefit Street Partners (“BSP”) and its parent company Franklin Templeton announced the launch of Franklin BSP Private Credit Fund (FBSPX). The fund takes a multi-strategy approach to investing in US middle market private credit, seeking to generate...
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October 04, 2022, 08:02 AM
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Wafra Inc. (“Wafra”), a global alternative investment manager, announced that funds managed by Wafra have acquired a strategic minority ownership interest in Oak Hill Capital Partners (“Oak Hill” or “OHCP”), a middle-market private equity buyout firm...
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October 04, 2022, 07:35 AM
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Gen II Fund Services, a leading independent private capital fund administrator, appointed Nikolaos Perros as Chief Operating Officer and Ishita Shah as Chief Commercial Officer.Mr. Perros is an experienced business executive with significant...
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October 03, 2022, 07:39 AM
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Stifel Financial Corp. and Korea Investment & Securities Co., Ltd. (KIS), a subsidiary of Korea Investment Holdings, announced the formation of a substantial leveraged lending joint venture, SF Credit Partners.Concurrently, Stifel and KIS have...
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September 28, 2022, 08:08 AM
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TA Associates (“TA”), a leading global growth private equity firm, announced the expansion of its leadership team with the appointments of Jennifer Barbetta as Chief Operating Officer, Lori Stachelski as Chief Talent Officer and Darlene Karis as...
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September 26, 2022, 07:57 AM
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KBRA Analytics, an affiliate of Kroll Bond Rating Agency, has acquired Direct Lending Deals (DLD), a digital information service that provides investors and originators with the latest deal data, news, and analysis in direct lending. The deal, which...
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September 19, 2022, 07:14 AM
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HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced the final close of its second SBIC fund, HCAP Partners V, L.P. ("Fund"). The Fund was oversubscribed with total commitments of $353 million...
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September 19, 2022, 07:00 AM
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Thoma Bravo announced that it will be expanding its presence internationally with the opening of an office in London. Thoma Bravo's London office will join the firm's existing offices in San Francisco, Chicago and Miami, each of which have recently...
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September 06, 2022, 07:45 AM
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Thompson Street Capital Partners (“TSCP”), a private equity firm focused on investing in founder-led middle market businesses, cloed its sixth committed capital investment fund, Thompson Street Capital Partners VI LP (“TSCP VI” or the “Fund”). The...
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August 16, 2022, 07:21 AM
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Global investment firm The Carlyle Group announced changes in its executive leadership team. With Chief Executive Officer Kewsong Lee’s five-year employment agreement coming to a close at the end of 2022, both the Company’s Board of Directors and Mr....
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August 08, 2022, 08:02 AM
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StepStone Group, a global private markets investment firm, announced the final closing of StepStone Capital Partners Fund V (“SCP V” or “the Fund”), its fifth dedicated co-investment fund, raising $2.36 billion of commitments.Through SCP V, StepStone...
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August 08, 2022, 07:16 AM
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J.C. Flowers & Co. completed fundraising for its fifth private equity fund, J.C. Flowers V L.P. (together with parallel vehicles, "JCF V"), with more than $1.1 billion in commitments.Limited partners in JCF V represent a diverse group of corporate...
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August 05, 2022, 07:20 AM
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Apollo Investment Corporation announced several transformative changes which reinforce the Company’s position as a senior secured middle market business development company creating an institutional-quality offering with an attractive dividend yield...
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August 02, 2022, 08:10 AM
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Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July....
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August 01, 2022, 07:42 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments across 58 transactions during the second quarter of 2022 and approximately $31.8...
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First Eagle Alternative Credit ("FEAC" or “the Firm”), the $21 billion credit platform of First Eagle Investments, closed its fifth direct lending fund at over $1 billion in total available capital, including leverage (the “Direct Lending Fund V”)....
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Oaktree and 17Capital announced the completion of Oaktree’s acquisition of a majority interest in 17Capital, as previously announced on March 9, 2022.
17Capital specializes in providing non-dilutive capital to high-quality private equity management...
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Varagon Capital Partners announced that funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of the Firm. The strategic partnership is expected to support the growth of Varagon’s lending...
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Gemspring Capital’s (“Gemspring”) acquisition of GoldenSource Corp. (the “Company”), a provider of Enterprise Data...
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Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that it has made a $150 million investment in Swedish specialty lender, IMH. The investment includes the...
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Stellus Capital Management, a leader in middle market direct lending, announced the final close of Stellus Credit Fund III (“SCF III” or “the Fund”). The Firm materially exceeded its target fundraising goal with approximately $1.8 billion of...
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StepStone Group, a global private markets investment firm, announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising over $1.3 billion of commitments, surpassing its target of $1 billion. Through SCL II...
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.0 billion in U.S. direct lending commitments across 54 transactions during the first quarter of 2022 and approximately $35...
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Kayne Anderson Private Credit ("KAPC"), the middle market private credit group of Kayne Anderson Capital Advisors, L.P., successfully closed the firm’s fourth middle market senior credit fund, Kayne Senior Credit Fund IV ("KSCF IV"). Over the last...
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Ares Management Corporation announced that its subsidiary, Ares Capital Management LLC, has entered into a definitive agreement to acquire, on behalf of funds managed by the Ares Credit Group, the Middle Market Lending portfolio (the “Portfolio”)...
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization and future growth of Dealer Services Network (“DSN”) by private equity sponsor Frontenac.Based in Deerfield...
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KKR announced the final closing of KKR North America Fund XIII (“NAX3” or the “Fund”), an over-subscribed $19 billion fund focused on pursuing opportunistic private equity investments in North America. KKR will be investing $2.0 billion of capital in...
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DLA Piper continues to make substantial investments in its globally recognized Private Equity practice with the addition of lateral partners Harris Eisenberg, Alex Plakas, Nathan Wilda and Drew Rosenberry, along with several other partners and...
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Adams Street Partners, a private markets investment management firm with more than $51 billion of assets under management, successfully completed fundraising for its second Private Credit program (PC II), closing the oversubscribed program with more...
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Ares Management Corporation announced the launch of Ares Private Markets Fund (the “Fund”), a new registered, continuously offered, non-traded, closed-end fund that intends to invest in an actively managed portfolio of private equity and other...
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Ares Capital Corporation increased commitments under its Revolving Credit Facility to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo...
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Angelo Gordon announced that Alan Isenberg, former Head of Product Strategy and Marketing at Neuberger Berman, has joined the firm as Global Head of its Client Partnership Group. In this role, he is responsible for leading the firm’s worldwide client...
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First Eagle Investments announced a definitive agreement to acquire Napier Park Global Capital. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and...
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H.I.G. Capital, a leading global alternative investment firm with $48 billion of capital under management, announced the expansion of its dedicated Infrastructure team with the addition of Antonio Botija as a Managing Director in H.I.G.’s London...
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MidOcean Partners, a New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced that Joseph Rotondo, Senior Portfolio Manager for Invesco’s Global Senior Loan group, will be...
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GHK Capital Partners, a leading middle-market private equity firm, announced the final closing of GHK Fund I (the “Fund”). GHK accepted $410 million in aggregate capital commitments, exceeding its initial target of $350 million and surpassing its...
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Brightwood Capital Advisors, a private credit firm focused on providing capital to growing North American middle market businesses, completed another very strong investment year in 2021, one of its most active investment periods in the firm's 12-year...
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GTCR, a leading private equity firm founded in 1980, made a number of leadership appointments to further support its growth. Several experienced and long-tenured members of the firm have been appointed to assume additional responsibility leading the...
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Ares Capital Corporation announced that Mary Beth Henson has joined its Board of Directors as an independent director. The Board has been expanded from nine to 10 members, including six independent directors.Ms. Henson served as Chief Financial...
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Bain Capital Credit announced that the firm’s Private Credit Group invested $2.7 billion to support the growth of middle market and private equity-backed companies in 2021.Bain Capital Credit’s Private Credit Group invested in more than 100...
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February 22, 2022, 08:00 AM
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Boathouse Capital announced three promotions in 2022. Colin Raws has been promoted to Partner. Matt Carey and Matt Pulos have been elevated to Senior Associates. Colin Raws has been promoted to Partner, where he’ll start to play a larger role inside...
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February 16, 2022, 07:00 AM
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PineBridge Investments, a global asset manager, announced the final close of PineBridge Private Credit II (“Fund II”) as of 31 January 2022, as part of the firm’s lower-middle-market direct lending strategy. Together with separately managed account...
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February 04, 2022, 07:29 AM
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Antares announced record 2021 performance supporting the growth and refinancing initiatives of new and existing borrowers within the healthcare and technology sectors.In 2021, Antares closed more than 90 transactions for middle market...
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February 03, 2022, 08:10 AM
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Blackstone launched Blackstone Credit’s Sustainable Resources Platform focused on investing in and lending to renewable energy companies and those supporting the energy transition. Blackstone Credit is one of the world’s largest providers of private...
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January 24, 2022, 07:00 AM
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RBC GAM added two new U.S. Sales Directors to strengthen its sales force.James Vigue joined RBC GAM’s U.S. Intermediary Sales Team on Jan. 10, as Midwest Sales Director. In this role, James will be responsible for leading RBC GAM’s Intermediary sales...
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January 24, 2022, 06:00 AM
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Middle-market companies and private-equity firms foresee an extremely strong year for the M&A market in 2022, with bullish forecasts for both deal volumes and for company valuations, according to a Citizens survey of 400 leaders at U.S. middle market...
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January 21, 2022, 07:30 AM
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MidOcean Partners announced that Jamil Nathoo is joining the firm as a Managing Director of MidOcean Credit. In this role, he will be responsible for expanding MidOcean’s institutional relationships and CLO platform. Mr. Nathoo recently served as...
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January 21, 2022, 07:06 AM
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Antares Capital announced that Monica Kelsey has joined the firm as Chief Financial Officer and Benjamin Concessi will join as Head of Strategy and Corporate Development, a new role.“We are excited to have Monica and Ben be a part of the Antares team...
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January 20, 2022, 07:10 AM
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Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed $3.5 billion to private equity sponsors in support of healthcare transactions last year, completing 60 healthcare transactions across 33 subsectors....
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January 13, 2022, 07:51 AM
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Apollo Debt Solutions BDC has launched with more than $1 billion in assets under management. On Friday, January 7, the Fund broke escrow with approximately $657 million in equity net proceeds for its continuous public offering (the “Offering”). In...
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January 12, 2022, 08:00 AM
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Mizuho Americas signed an agreement to acquire Capstone Partners, a leading independent, middle-market placement agent focused on fundraising and advisory services to private equity, credit, real assets, and infrastructure investment firms. Financial...
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January 12, 2022, 07:51 AM
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Ares Management Corporation announced that Jeffrey Hughes has joined the Ares Credit Group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.In this newly created role, Hughes joins as a...
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January 11, 2022, 08:05 AM
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Ares Management Corporation announced that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly...
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January 10, 2022, 08:05 AM
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Yieldstreet announced a new private equity strategy that offers retail investors the opportunity to gain exposure to direct equity investments in alternative asset managers.An alternative asset manager, such as a private equity firm, is itself a...
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December 28, 2021, 07:12 AM
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Ares Management Corporation announced that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform (“Infrastructure Debt”), one of the largest infrastructure debt...
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December 27, 2021, 07:31 AM
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Ares Management Corporation raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million...
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December 16, 2021, 07:52 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Arranger, it provided a unitranche credit facility to support the acquisition of PracticeTek by investment funds affiliated with Lightyear Capital, a New York-based private equity...
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December 15, 2021, 07:09 AM
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KBRA, a full-service global rating agency, entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company. KBRA is the largest global credit rating agency founded in the...
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December 14, 2021, 07:57 AM
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Ares Management Corporation announced the final closing of Ares Senior Direct Lending Fund II (“SDL II” or the “Fund”). With total equity commitments of approximately $8 billion, SDL II was significantly oversubscribed relative to its initial target...
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December 13, 2021, 08:02 AM
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Transom Capital Group, a leading operations-focused middle market private equity firm, acquired Wolters Kluwer’s Legal & Regulatory U.S. Legal Education business, and the business has been renamed to Aspen Publishing (“Aspen” or the “Company”), a...
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December 03, 2021, 08:05 AM
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Hercules Capital announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record...
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November 29, 2021, 08:00 AM
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Antares is acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s (“CVC”) investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including...
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November 24, 2021, 07:54 AM
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Spouting Rock Asset Management, a multi-boutique manager platform providing investment solutions and services, announced a joint venture with Bell Asset Management, an Australia-based global equities specialist manager.The strategic partnership will...
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November 22, 2021, 09:00 AM
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Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, and Blackstone jointly announced a new partnership in which funds managed by Blackstone GP Stakes will acquire a minority ownership interest in Great Hill...
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November 18, 2021, 07:00 AM
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Turning Rock Partners, a New York-based private investment firm, is expanding its platform with key hires across the organization. Notably, TRP has hired Catherine Bonelli to be its new Chief Financial Officer (CFO). Bonelli brings more than 30 years...
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November 12, 2021, 07:24 AM
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Blackstone announced the formation of its Structured Finance Group, which brings together Blackstone Real Estate Debt Strategies (“BREDS”) and the firm’s various asset backed finance activities. Jonathan Pollack, currently the Global Head of BREDS...
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November 04, 2021, 08:00 AM
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Boathouse Capital announced the successful completion of Fund III. The firm remains focused on being a value-added growth partner to businesses within SaaS/software, technology-enabled services and healthcare IT/services."Our track record of success...
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November 02, 2021, 07:29 AM
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.2 billion in...
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October 29, 2021, 08:06 AM
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Private equity fund managers are accelerating deal timelines in an effort to win bids, and more than half say uncovering risk during due diligence is a main challenge to closing deals, according to BDO’s Fall 2021 Private Capital Pulse Survey.The...
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October 29, 2021, 07:54 AM
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Ares Management Corporation announced the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distribution, marketing and client management activities across Ares’ investment offerings in the global wealth...
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October 25, 2021, 07:40 AM
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SAF Group announced the addition of Michael Scott to its team and closing of the second investment within the AGF SAF Private Credit Limited Partnership (the "Fund").Mr. Scott is a Principal of the SAF Group and is responsible for deal origination...
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October 25, 2021, 07:00 AM
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New Mountain Capital, managing over $35 billion across private equity, credit, and net lease real estate, closed its latest direct lending fund, New Mountain Guardian III BDC, L.L.C. (the “Fund” or “Guardian III”) with approximately $1.15 billion of...
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October 20, 2021, 07:04 AM
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Ares Management Corporation announced the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger...
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October 18, 2021, 08:00 AM
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LibreMax Capital, an asset management firm specializing in structured products and corporate credit, announced the successful closing of its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, LP, with total capital commitments of...
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October 06, 2021, 07:33 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Care Advantage by Searchlight Capital Partners (“Searchlight”), a New York-based private equity...
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September 17, 2021, 07:28 AM
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Ares Management Corporation announced today John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling...
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September 07, 2021, 07:10 AM
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Star Mountain Capital closed its $290 million (including assumed SBA leverage available) SBIC fund with support from new and existing limited partners including banks, strategic asset management firms, family offices and sophisticated individuals...
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August 20, 2021, 07:04 AM
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Bruce Richards, Chairman & CEO, and Louis Hanover, CIO, together the co-managing Partners of Marathon Asset Management, a leading global credit investment manager, announced several management changes, including one senior departure and five senior...
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August 11, 2021, 07:40 AM
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BlackRock Capital Allocation Trust announced that the Trust has entered into a 179-day rolling line of credit facility with BNP Paribas Prime Brokerage International, Limited. BNP is required to provide 179 days’ notice of termination to the Trust...
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August 09, 2021, 05:57 AM
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Hercules Capital announced it originated more than $1.0 billion year-to-date in annual total debt and equity commitments for the fourth consecutive year."We could not be more pleased to achieve this milestone which is a testament to the strength...
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August 02, 2021, 08:00 AM
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Antares announced that it closed 139 transactions totaling almost $11 billion in financing commitments to middle market private equity-backed companies in the first half of 2021.“Antares’ performance in the first half of 2021 illustrates the...
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $9.0 billion in...
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H.I.G. Capital announced the formation of United Flow Technologies (“UFT”), a platform established to invest in the municipal and industrial water and wastewater market. H.I.G. has committed significant capital and resources to UFT to build a market...
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Star Mountain Capital closed a $225 million asset-based leverage facility from top quality institutional investors led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers...
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Varagon Capital Partners is serving as Administrative Agent, Joint Arranger and Joint Bookrunner on a senior secured credit facility to support Knox Lane’s investment in Any Hour Services (Any Hour).Founded in 1961, Any Hour is a market-leading home...
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King Street Capital Management, a leading $20 billion global investment manager specializing in credit, has raised $1.2 billion for its inaugural Global Drawdown Fund (“GDF”) from existing and new investors, exceeding its $750 million target. GDF has...
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Alterna Capital Solutions (ACS), a specialty and alternative financier to high-growth small businesses, will support deal origination for a lower middle market private equity fund controlled by its affiliate, Alterna Equity Partners (AEP). The fund...
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RLH Equity Partners (RLH), a leading middle market private equity investment firm focused on high growth enterprises, added two individuals to the firm — Mark Gartner as a Principal focused on Investment Development and Madeline Ganey as an Associate...
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H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced the closing of its latest direct lending strategy, H.I.G. WhiteHorse...
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Oxford Financial Group, Ltd. announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500...
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Antares Capital announced that Jeffrey Stammen will join the firm as Managing Director, Head of Investor Coverage in Asset Management.Stammen will report directly to Vivek Mathew, Head of Asset Management and Funding, and lead the company’s efforts...
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PennantPark Investment Advisers announced the successful closing of its fifth comingled fund, PennantPark Senior Credit Fund Levered, LP (“PSCF-Lev” or the “Fund”), securing $460 million in additional investment capacity and taking another...
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Ares Management announced that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector. Ares employs a global flexible private capital strategy that invests in...
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance the lease-up of 3880 N. Mission (the “Property”), a 39-acre, 1.5 million square foot site with 1.2 million square feet of distribution and warehouse...
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BlackRock TCP Capital announced the extension of its SVCP Credit Facility by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base...
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Victory Capital Holdings announced that its wholly owned investment adviser, Victory Capital Management Inc., has established exclusive agreements with both Nasdaq and crypto-focused asset manager Hashdex Ltd. (“Hashdex”) in advance of plans to enter...
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Ares Management Corporation announced that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the...
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Churchill Asset Management has forged a strategic alliance with Hunter Point Capital, an independent investment firm focused on taking minority stakes in General Partners (GPs) targeting middle market private equity, credit, real estate and...
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”), a leading real estate...
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BC Partners Credit announced its strategic alignment with Tom Glover in his role as Operating Advisor to BC Partners Credit, whereby he will advise BC Partners Credit’s (“BCP Credit”) GP and NAV-based financing strategy, addressing private equity’s...
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ADC Therapeutics SA announced the receipt of the $50 million second tranche under its convertible credit facility with Deerfield Partners, L.P. and certain of its affiliates (collectively, Deerfield). Under the terms of the Facility Agreement dated...
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H.I.G. Capital completed a $225 million strategic minority investment into eHealth in the form of convertible preferred stock.Headquartered in Santa Clara, CA, eHealth operates a leading online marketplace offering consumers a broad choice of...
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Accordion, a private equity-focused financial consulting and technology firm, has acquired Mackinac Partners, a leading financial advisory, restructuring, and operational turnaround firm. Accordion has experienced tremendous organic growth...
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Ares Management announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not...
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CIBC Innovation Banking provided financing solutions, including a Capital Call Line of Credit, to Maverix Private Equity (“Maverix”). The capital call facility provides Maverix with the flexibility to make investments in portfolio companies prior to...
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Verizon and Apollo Global Management announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the...
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Palladium Equity Partners, a minority-owned, middle market private equity firm with nearly $3 billion in assets under management, announced that Deborah Gallegos has joined the firm as a Managing Director.Ms. Gallegos brings to Palladium 25 years of...
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Palladium Equity Partners announced that Nancy A. Mitchell has been named Chief Administrative Officer, a newly-created position. Ms. Mitchell joins Palladium from O’Melveny & Myers LLP, where she was a Partner.Ms. Mitchell brings to Palladium a...
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the...
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Slate Asset Management announced the acquisition of the Commercial Real Estate Business (“ACREG”) of Annaly Capital Management,(“Annaly”) for $2.33 billion. The acquisition includes a portfolio of performing real estate loans, debt securities and...
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Hercules Capital announced that Hercules Adviser LLC (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has successfully closed its inaugural institutional private credit fund.“We are very pleased to announce that Hercules Adviser...
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Orangewood Partners announced the successful close of Orangewood Fund II, L.P. with more than $200 million in equity commitments as well as approximately $100 million in equity across other vehicles. Orangewood has more than $500 million of total...
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Osceola Capital was named a 2021 TOP 50 PE Firm in The Middle Market. Osceola's inclusion on the TOP 50 PE list affirms its position as one of the leading private equity firms in the middle market. In naming Osceola to its list, the TOP 50 PE Firms...
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Antares Capital Advisers LLC, a subsidiary of Antares Capital LP announced the closing of the reset of Antares CLO 2017-1, Ltd., originally a $2.1 billion CLO that was upsized to $2.3 billion as part of the transaction. The upsize brings the...
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Owl Rock Capital has received approval from the shareholders of each of its four requisite business development companies ("BDCs") for new investment advisory agreements related to the recently announced combination of Owl Rock and Dyal Capital...
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Mitsubishi UFJ Financial Group (MUFG) announced the hiring of three senior bankers to augment its coverage of private equity sponsor clients and its direct lending business. The bank has hired Michael Klein and Keith Murray as Managing Directors of...
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Ares Management Corporation announced the final closing of its Ares Pathfinder Fund, L.P.. With $3.7 billion in total commitments closed, the Fund was significantly oversubscribed at its hard cap and exceeded its original target of $2.0...
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The Michaels Companies and funds managed by affiliates of Apollo Global Management, announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by affiliates of Apollo have agreed to acquire the...
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SunTx Capital Partners, a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, was recently named one of Grady Campbell's Top 50 Private Equity Firms in the Middle Market for...
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Stifel Financial announced an agreement to acquire the future business of North Atlantic Capital Corporation, based in Portland, Maine. The acquisition further positions Stifel as an active manager of small business investment corporations (“SBIC”)...
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February 22, 2021, 07:10 AM
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Arlington Capital Partners, a leading middle market private equity firm, announced a passive, non-voting, minority equity investment by Goldman Sachs Asset Management’s (“GSAM”) Petershill program, creating a strategic relationship with one of the...
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February 22, 2021, 06:19 AM
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Ares Management provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.3 billion in commitments...
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February 12, 2021, 08:00 AM
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Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions...
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January 14, 2021, 08:15 AM
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Churchill Asset Management achieved record levels for the firm in both capital raising and investment activity in 2020. Churchill raised over $6.4 billion of new committed capital in 2020, more than doubling 2019 fundraising figures, with an...
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January 14, 2021, 05:15 AM
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CBIZ CMF, the private equity consulting practice of CBIZ, Inc. and a leading national advisor to the middle market, announces it will operate under the new brand name of CBIZ Private Equity Advisory.Having supported more than 300 private equity firms...
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January 07, 2021, 07:47 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, is pleased to announce that an investment affiliate has acquired CTS Engines...
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December 29, 2020, 07:09 AM
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Owl Rock Capital Group (“Owl Rock”) and the Dyal Capital Partners (“Dyal”) division of Neuberger Berman Group LLC (“Neuberger Berman”) announced they entered into a definitive business combination agreement with Altimar Acquisition Corporation...
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December 28, 2020, 09:30 AM
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PGIM Private Capital has completed fundraising for PGIM Capital Partners VI, L.P., surpassing its fundraising target with capital commitments of $2.23 billion. PGIM Capital Partners VI is more than 20% larger than Fund V, which closed in 2016. PGIM...
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December 22, 2020, 07:29 AM
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PitchBook released its 2021 US Private Equity Outlook, which details predictions for private equity (PE) activity and performance in 2021. This past year defied expectations for most investors and PE managers were no exception. Dealmaking nearly...
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December 18, 2020, 08:30 AM
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