PE Tech Report

Intel

PE and credit drive Blackstone’s modest Q2 gain

TOP STORY: Blackstone has reported a 3% increase in second-quarter distributable earnings compared to the previous year, attributed to significant asset sales in its private equity and credit divisions, which offset a downturn in real estate, according to a report by Reuters.

Abris Capital to exit Dot2Dot in trade sale

ESG transformation-focused private equity investor Abris Capital Partners and B Corp will sell 100% of the shares in Poland-based packaging provider Dot2Dot to European folding carton solutions provider Van Genechten Packaging.

SLR Capital Partners appoints Senior Advisor

SLR Capital Partners, a private credit platform specialising in direct lending to US middle market companies, has appointed Scottie Bevill, formerly Senior Investment Officer for the Teachers’ Retirement System of the State of Illinois, as a senior advisor.

Cliffwater appoints Head of Private Equity Secondaries

Alternative investment adviser and fund manager Cliffwater has expanded its team dedicated to its Cascade Private Capital Fund with the appointment of Timothy Henn as Managing Director and Head of Private Equity Secondaries.

PE majors eyeing $15bn schools group Nord Anglia

Three private equity powerhouses, Bain Capital, Permira and Veritas Capital, are in the final stages of a fierce auction for the school operator Nord Anglia, in what could be one of Europe’s largest deals this year, according to a report by the Financial Times.

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