Phoenix Equity Partners, a UK private equity firm specialising in working alongside founder-entrepreneurs in the lower mid-market, has made a series of promotions and new appointments within its investment team, following a strong 2024.
The Los Angeles City Employees’ Retirement System has approved significant commitments totalling $367m to private credit and private equity funds, as outlined in the materials presented at its 25 February board meeting, according to a report by Pension & Investment Online.
CVC has held the final close of CVC Strategic Opportunities III with total commitments of €4.61bn, matching the size of its predecessor fund, CVC Strategic Opportunities II, and significantly increasing the number of investors committed to the strategy.
Japanese retail giant Trial Holdings has agreed a deal to acquire supermarket chain Seiyu from private equity major KKR in a deal valued at JPY382.6bn ($2.55bn). The transaction will see Trial take full ownership of Seiyu.
Blackstone has exited discussions to acquire a minority stake in Haldiram’s, one of India’s leading snack brands, over differences in valuation, according to a report by Reuters citing unnamed sources familiar with the matter.
PGIM Private Capital, the private credit arm of PGIM, the $1.38tn global asset management business of Prudential Financial, provided $14.9bn in senior debt and junior capital to 238 middle-market companies and projects worldwide in 2024.
Northleaf Capital Partners has successfully closed its third private credit fund, raising over $1bn in total capital commitments for Northleaf Private Credit III and related managed accounts, and taking the firm’s private credit platform to over $6.5bn.
Garnett Station Partners, a New York-based private investment firm, has held the final close of GSP 5.0 Fund, with total committed capital of $1.2bn, taking the firm’s total assets to over $3.5bn.
The talent flow between private equity and hedge funds continues, with Apollo’s Asia-Pacific Chief Operating Officer, Mark Berg, making the switch to Millennium Management as its new Asia-Pacific Chief Financial Officer in Singapore, according to a report by eFinancial Careers.
Carlyle Group is aiming to raise more than $3bn for its latest infrastructure fund, Carlyle Global Infrastructure Opportunity Fund II, as the private equity giant continues to expand its presence in the asset class, according to a report by Bloomberg.
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