Carlyle has agreed to acquire a controlling stake in MAI Capital Management, in a transaction that values the US-based wealth manager at more than $2.8bn, buiding on an existing relationship, which dates back to 2021 through its investment in Galway Holdings.
Blue Owl Capital, an investor across credit, real assets, and GP strategic capital has completed the final close of its Asset Special Opportunities Fund IX, raising approximately $2.9bn in total capital commitments, surpassing its initial $2.5bn target.
US private equity-backed companies raised approximately $94 billion in leveraged loans and high-yield bonds last year to finance payouts to their sponsors, according to a report by Bloomberg citing analysis by Moody’s Ratings.
Several of Wall Street’s largest private credit managers, including Blackstone, Ares Management, and KKR have received inquiries from the Democratic members of the House Financial Services Committee regarding the operations of their private credit funds, according to a report by Bloomberg.
Blackstone Inc is in early discussions with investment banks about a potential initial public offering for its AGS Health unit in Mumbai, aiming to raise up to $500m, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Ares Management has raised over $9.8bn for its opportunistic credit platform, completing the third fund in the series along with associated investment vehicles, even as private credit faces growing scrutiny, according to a report by the Wall Street Journal.
17Capital has completed the final close of Credit Fund 2 at approximately $7.5bn, including affiliated mandates, marking the largest fundraise for a NAV loan vehicle to date and bringing the firm’s total capital raised across eight funds since 2008 to more than $24bn.
German elevator company TK Elevator, owned by private equity firms Advent International and Cinven, confirmed that an initial public offering remains on the table, even as reports indicate Finland’s Kone is in discussions to acquire the business, according to a report by Reuters.
US Federal Reserve Chair Jerome Powell said the central bank is closely watching the private credit sector for signs of stress, but currently does not see threats that could trigger a wider financial system crisis, according to a report by Reuters.
Brazilian cosmetics group Natura has agreed to sell an 8–10% stake to US private equity firm Advent International at an average price of 9.75 reais ($1.86) per share, according to a report by Reuters citing a recent company filing.
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