Principal Asset Management, the $545bn global investment business of Principal Financial Group, has appointed Mansi Patel as Senior Managing Director to oversee its newly launched private infrastructure debt investment team.
After a long decline in investment covering seven consecutive quarters, global venture capital investment in crypto companies is on the up again, rising to $2.4bn in the first three months of 2024, according to new data from PitchBook.
European private equity major EQT is in advanced talks with video game services company Keywords Studios over a potential acquisition of the company for £2.2bn, a deal Keywords has indicated it would be “minded’ to accept, according to a report by City AM.
Investment management services provider Fidelity International has discontinued its direct lending strategy in Europe just seven months after launching its Luxembourg-based European Direct Lending Fund.
AI hyperscaler CoreWeave, which operates data centres in the US, has secured a $7.5bn debt financing facility led by funds managed by Blackstone with participation from Magnetar as co-lead investor, as well as Coatue Management.
Blackstone and Goldman Sachs Asset Management are providing the largest portions of a $900m direct loan to Depot Connect International, which KKR & Co’s portfolio company will use to refinance more expensive private debt, according to a report by Bloomberg.
Equistone has made a partial exit from portfolio company KWC Group, a designer and manufacturer of fittings and accessories for kitchens and bathrooms, having sold the firm’s home division, KWC Home, to Italian sanitary specialist Paini.
Private equity firm Gridiron Capital has informed investors of the impending departure of Senior Managing Director Will Hausberg and Managing Directors Brad Skaf and Doug Rosenstein, according to a report by Bloomberg.
Blackstone Growth and affiliated funds will acquire a majority stake in business software provider Priority Software from private equity firms TA Associates and Fortissimo Capital, who are both retiring a minority interest in the business.
Aflac Global Investments, the asset management subsidiary of Aflac Incorporated, has agreed to pay around $100m to acquire a 40% stake in San Francisco-based lower middle-market direct lender Tree Line Capital Partners.
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