PE Tech Report

Intel

Squire Patton adds two to PE team in Germany

Squire Patton Boggs has hired private equity and corporate lawyers Norman Wasse as a Partner and Dr Marion von Grönheim as senior associate in its global corporate practice group, based in Frankfurt, Germany.

Apollo targeting $2.5bn for private credit fund

US private equity major Apollo Global Management is targeting a fundraise of around $2.5bn for a new private credit vehicle that will look to provide loans to large corporate borrowers, according to a report by Bloomberg.

EJF Capital raises $104m for new fintech fund

EJF Capital, a global alternative asset management firm, has held the successful closing of the EJF Ventures Fund LP with approximately $104m in capital commitments. The fund received support from both new and existing EJF investors.

IK Partners acquires co-controlling stake in MMS

IK Partners’ IK Small Cap III Fund has acquired a co-controlling stake in Metrology & Monitoring Solutions Group, a French metrology expert specialising in wireless temperature monitoring solutions for the Pharmaceutical, Healthcare and Food industries.

SLR appoints new Partner

SLR Capital Partners, a private credit platform specialising in direct lending to US middle market companies, has appointed Chris York as a Partner, with a focus on both product and business development.

PAC acquires stake in LA-based private credit shop

Pacific Current Group has agreed a deal to acquire a minority 24.9% equity stake in Los Angeles-based private credit and structured equity investment management firm Avante Capital Partners for up to $40m.

ICG CEO predicts private credit boom

Private credit is set for a boom on the back of low defaults, limited refinancing activity and the absence of a recession, providing the potential for unprecedented debt returns, according to a report by Bloomberg.

TPG appoints Managing Partner to lead Asia and the Middle East

TPG, a global alternative asset management firm, has appointed TPG Asia Managing Partner Ganen Sarvananthan to lead the firm’s activity and continued expansion in the Middle East and Asia following significant growth in both regions.

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