Private equity firm PAI Partners is in exclusive negotiations to acquire a majority stake in the Cyrus Group, a France-based wealth management firm, through a strategic partnership with the Cyrus management team. The management team would reinvest significantly as part of the transaction.
New analysis from fund admin services provider Ocorian shows that assets in private equity funds have surged to a record high of $9.92tn, rising by over 570% between 2010 and 2025 from $1.48tn. Funds have gained 10.8% since December 2024.
US banks have emerged as a major driver of private credit growth, providing around $300bn in loans to private credit funds as of June 2025, according to a report by Bloomberg citing research by Moody’s Ratings.
BGF has exited from its investment in London-based fire safety consultancy BB7, with the business now part of Certania Group. The exit generated 3x MM return on BGF’s investment and 21% IRR.
Global accounting network BDO International, whose members collectively generate over $15bn in annual revenue, has issued guidance to its member firms recommending that they refrain from accepting equity investments from private-equity or other non-traditional capital providers, according to a report by Bloomberg.
Apollo Global Management is exploring the sale of its Hispanic grocery platform, Heritage Grocers Group, in a deal that could value the business at around $1.5bn, according to a report by Reuters citing unnamed sources familiar with the matter.
Shawbrook, the UK alternative lender backed by BC Partners and Pollen Street Capital, is attracting strong investor interest ahead of its planned London IPO, which could value the bank at up to £2bn ($2.68bn), according to a report by Reuters.
Thompson Street Capital Partners’ NAM, a leading provider of alternative dispute resolution services has appointed Mark Haddad as Chief Executive Officer.
Saudi state-backed investor Saudi Venture Capital is pivoting its $3bn investment mandate to allocate a larger share to private credit, aiming to support the kingdom’s evolving financing ecosystem, according to a report by Bloomberg.
Rohati Capital, an early-stage venture capital firm founded by former Amazon executives, has strengthened its leadership team with the addition of three Operating Partners – Max Bardon, Charles Elkan, and Kurt Zumwalt.
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