DMI Alternatives has closed $120m for its first private credit fund and hired Harein Uppal, previously with the Ontario Municipal Employees Retirement System, to head the platform, according to a report by Bloomberg.
Cerberus Capital Management has appointed Nathaniel Fick to the newly created role of chief strategy officer for equities, a move aimed at expanding the firm’s investment activity across national and economic security, according to a report by Bloomberg.
Smiths Group has agreed to sell its airport security scanning division, Smiths Detection, to CVC Capital Partners in a transaction valuing the business at £2bn, according to a report by Bloomberg.
Advent International is assessing offshore growth options for Automic following completion of its $725m acquisition of the share registry, technology and fund services provider, according to a report by Financial Review, as the firm makes new appointments to the company’s board.
EQT is considering introducing fees for institutional investors on co-investments, as rising allocations from wealthy individuals reduce its reliance on traditional LPs, according to a report by the Financial Times.
Capital Group, the $3.3tn active management giant long known for its near-exclusive focus on public markets, is making a move into private credit through a deepening partnership with KKR, according to a report by Bloomberg.
Investec Alternative Investment Management, a subsidiary of Investec Bank plc, and Carlyle AlpInvest, have launched Investec’s inaugural European senior debt fund, Investec Senior Debt Fund I, a private credit fund with approximately €400m of investable capital managed by the Investec Direct Lending team.
Blackstone, Apollo and KKR have agreed to take part in the Bank of England’s planned stress test of the private credit market, according to a report by the Financial Times citing people familiar with the matter. The central bank is expected to confirm the exercise this week.
A group of private credit investors including PSP Investments, Oaktree Capital Management and Franklin Templeton has acquired around $2bn of subordinated debt linked to Blackstone and TPG’s buyout of Hologic, according to a report by Bloomberg citing people familiar with the matter.
Macquarie Asset Management has hired Thibault Sauvage as managing director and EMEA head of specialised infrastructure debt, according to a report by eFinancialCareers. Sauvage joins from Canadian pension fund CDPQ, where he was a senior director.
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