SC Lowy has held the final close of its Strategic Investments IV fund, raising $417.4m for its Asia-Pacific direct lending strategy, according to a report by Alternative Credit Investor. The close brings the firm close to $1bn deployed in private credit across the region.
PAI Partners has agreed to acquire Innovad Group, a global specialty animal feed additives player, from IK Partners (IK), a European private equity firm. PAI is acquiring its stake from the IK IX Fund. The Innovad management team, led by Ben Letor, will reinvest as part of the transaction.
Global investment firm Carlyle has used its Global Credit platform to provide a financing package of €290m to support Mecachrome Group (Mecachrome), a European designer and manufacturer of high-precision components serving the aerospace and defence sectors.
Ares Management will join the S&P 500 on 11 December before the market opens, becoming the latest alternative asset manager to enter the benchmark, according to a report by Reuters citing S&P Dow Jones Indices.
Private credit managers deployed $592.8bn in 2024, the highest on record and a 78% increase on the previous year, according to a report by Bloomberg citing the Alternative Credit Council. The expansion was driven largely by the sector’s biggest firms — including Ares, Apollo, and Blackstone — which accounted for
Cinven is making a majority investment in Flint Global, a specialist professional services firm which advises corporates and investors on regulatory, policy, competition and economics matters. Financial details of the transaction were not disclosed.
Georgia-based Wingspire Capital, a portfolio company of $284bn AUM alternative asset manager Blue Owl, has announced the promotion of Will Bence to senior managing director, head of originations.
Wrexham Association Football Club’s celebrity owners, Ryan Reynolds and Rob McElhenney, have sold a minority stake in the Welsh football club to Apollo Sports Capital, a US-based private equity firm, according to an Associated Press report.
Medline, the medical supply manufacturer backed by Blackstone, Carlyle, and Hellman & Friedman, is targeting a $55bn valuation in a US IPO which would make it one of the largest PE-backed listings ever, according to a report by Reuters.
Bain Capital, a global private investment firm, has launched a joint venture with bookrunner SMBC to establish a new European loan platform providing up to €1.5bn in senior secured credit to corporate borrowers across Europe and the UK. The platform is structured as a co-governed credit vehicle, combining SMBC’s pan-European
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