The Bank of Italy has placed Banca Progetto, the Oaktree Capital Management-backed lender, under special administration, dissolving its board and appointing independent administrators to oversee operations, according to a report by Reuters.

CVC Capital Partners, the Jersey headquartered private equity firm with €186bn in assets under management, reported a stronger-than-expected annual profit for 2024, bolstered by a significant increase in management fees.

Buchler Phillips, a UK independent advisory boutique specialising in corporate recovery, turnaround, restructuring, and insolvency, has launched a new private equity investment arm, Bronzewood Capital (Bronzewood).

Global private equity firm Hillhouse Investment is set to significantly expand its presence in Japan, with plans to invest between $1bn and $2bn annually in the country, while nearly doubling its local headcount by the end of 2025, according to a report by Reuters.

The private markets fundraising environment is set for a strong rebound in 2025, with private debt and growth equity emerging as key investment areas, according to a new study by CSC, a provider of global business administration and compliance solutions.

KKR & Co is planning to raise $1.5bn through a mandatory convertible preferred stock offering, with proceeds earmarked to increase stakes in companies within its core private equity portfolio, according to a report by Reuters.