Benefit Street Partners, a credit-focused alternative asset manager with approximately $75bn in AUM and a subsidiary of Franklin Templeton Investments, has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7bn of capital.
BDO, a provider of business advisory services with a revenue of $12.8bn, has promoted Jamie Austin to Head of Global Private Equity. Austin has been part of the firm’s global PE leadership team since its inception.
Arlington Capital Partners, a US private investment firm specialising in investments in government regulated industries, has closed its latest fund, Arlington Capital Partners VI, at its hard cap of $3.8bn, making it the firm’s largest fund to date.
Law firm Otterbourg has promoted Michael Rich, who represents banks, hedge funds, PE funds, commercial finance companies and other institutional to a Member of the firm in its banking and finance department.
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has appointed Brian Klaban as the firm’s new Head of Capital Markets and as a Director on the originations team. Klaban will be based in LLCP’s Chicago office.
HIG Capital, a global alternative investment firm with $60bn of capital under management specialising in providing both debt and equity capital to mid-sized companies, has opened a new office in Dubai.
Blackstone, the world’s largest private equity firm, has turned to direct lenders to help finance its $2.3bn acquisition of Rover Group, the world’s largest online marketplace for pet care, with the firm seeking about $250m of private debt, according to a report by Bloomberg.
Optima Partners, a global regulatory compliance and risk management advisory firm, has appointed Michele Foldenauer, most recently an Exam Manager in the private funds unit of the SEC’s National Exam Program, as a Director.
Cordillera Investment Partners, an investment management firm focusing on niche, non-correlated assets, has completed fundraising for its $62m Whiskey Opportunities Fund.
Disagreements over valuations have been a barrier for buyout firms attempting to exit their portfolio companies, according to a report by Bloomberg, which cites an Ares Management executive speaking at this year’s IPEM in Cannes.
12 November, 2026 – 5:00 pm
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