Ares Management has raised over $9.8bn for its opportunistic credit platform, completing the third fund in the series along with associated investment vehicles, even as private credit faces growing scrutiny, according to a report by the Wall Street Journal.
17Capital has completed the final close of Credit Fund 2 at approximately $7.5bn, including affiliated mandates, marking the largest fundraise for a NAV loan vehicle to date and bringing the firm’s total capital raised across eight funds since 2008 to more than $24bn.
German elevator company TK Elevator, owned by private equity firms Advent International and Cinven, confirmed that an initial public offering remains on the table, even as reports indicate Finland’s Kone is in discussions to acquire the business, according to a report by Reuters.
US Federal Reserve Chair Jerome Powell said the central bank is closely watching the private credit sector for signs of stress, but currently does not see threats that could trigger a wider financial system crisis, according to a report by Reuters.
Brazilian cosmetics group Natura has agreed to sell an 8–10% stake to US private equity firm Advent International at an average price of 9.75 reais ($1.86) per share, according to a report by Reuters citing a recent company filing.
Ares Management and Antares Capital have teamed up to create a $1.7bn continuation vehicle to recapitalise a portfolio of private-credit assets, marking their second such vehicle together in the past year, according to a report by teh Wall Street Journal.
The US Department of Labor has proposed new rules that would make it easier for 401(k) plans to include alternative assets such as private credit, private equity, real estate, and cryptocurrencies, according to a report by Bloomberg.
Apollo Global Management Inc is reportedly close to acquiring Atlantic Aviation from fellow private equity firm KKR & Co, in a deal that could value the US private jet services provider at nearly $10bn, according to a report by Bloomberg.
Blackstone Inc has raised $6.3bn for its latest life-sciences fund, Blackstone Life Sciences VI, marking the firm’s largest capital raise for backing late-stage clinical trials of drugs and medical technologies, according to a report by Bloomberg.
Carlyle Group is reportedly planning a new fund targeting the defence sector as US and European governments ramp up military modernisation, according to a report by Bloomberg citing unnamed sources familiar with the matter.
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