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EVENT — LONDON

Ahead of the Private Equity Wire Private Credit European Summit, Amit Bahri, Co-Head, Direct Lending Europe at Goldman Sachs Asset Management, talks to us about the early days of private credit, the tenets of GSAM’s senior direct lending strategy and playing devil’s advocate.

Intel

TOP STORY: The world’s largest private equity firm Blackstone has reported a 1% year-on-year increase in first-quarter distributable earnings – the cash used to pay dividends to shareholders – to $1.27bn from $1.25bn in Q1 2024, according to a report by Reuters.

Intel

Apollo Global Management has agreed to help finance the acquisition of British song investor Hipgnosis Songs Fund for $1.4bn by Nashville-based music company Concord, through the provision of debt and a minority indirect equity interest in the deal, according to a report by Reuters.

Insights

By John C R Nery (pictured), Managing Director and Head of Investments, Squircle Capital – After a challenging few years for private capital, this year looks to hold a more optimistic investment environment. Inflation is falling and interest rates are expected to continue their downward decline, so it’s likely we’ll see the M&A market opening up once again. EY’s CEO Outlook Pulse states that “PE leaders and corporate CEOs have a bullish outlook for M&A in 2024, citing the return of the megadeal in a more buoyant buy-sell environment.” 

Intel

The Riverside Company, a US private equity firm focused on making control and non-control investments in growing businesses valued at up to $400m, is considering strategy options for direct lending arm Riverside Credit Solutions, including a sale of the business, according to a report by Bloomberg.

Intel

Alternative asset management major Apollo Global Management has raised $35bn from Asian investors since implementing a plan to revamp its business in the region at the beginning of 2022, according to a report by Bloomberg.

Insights Report

April 2024 | Private markets undercurrents of late suggest a distinct focus on liquidity, as LP demands for distributions intensify and firms look to buy time and complete turnarounds. This report takes a closer look at the liquidity-focused solutions emerging in private markets, their current value, and the longer-term feasibility to building more flexible fund structures.  

Intel

CVC Capital Partners, a private markets major with approximately €186bn in AUM, has revived plans for an initial public offering in Amsterdam, which could raise between €1bn and €1.5bn and give the business a valuation of €13bn to €15bn.

Intel

Alternative investment giant Brookfield Asset Management is in advanced talks with Castlelake over the acquisition of a majority stake in the $22bn private credit manager, a specialist in aircraft leasing, according to a report by the Financial Times.

Intel

KKR & Co has set its sights on increasing AUM at the private investment firm to at least $1tn in the next five years, and has laid out a plan to scale its core businesses to reach the target, according to a report by Bloomberg.

Events

16 May, 2024 – 8:30 am

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