FORWARD FEATURES CALENDAR

Managers

Ares closes Convergint continuation fund

Ares Management Corp has closed an $850m continuation vehicle to hold portfolio company Convergint Technologies, according to a report by Bloomberg. Leonard Green & Partners acted as lead investor in the fund, with participation from the alternatives business of Goldman Sachs.

Oaktree taps BofA, JPMorgan for potential Utmost IPO

Oaktree Capital Management has selected Bank of America and JPMorgan Chase to help arrange a potential London IPO of UK-based wealth solutions provider Utmost Group, according to a report by Bloomberg citing people familiar with the matter.

Blackstone CEO earned $1.24bn in 2025

Blackstone Chief Executive Steve Schwarzman earned $1.24bn in 2025, just below the near-record $1.27bn he earned in 2022, according to a report by Bloomberg citing the firm’s latest annual filing.

Apollo makes $250m in unrealised gains from xAI

Apollo has generated around $250m in paper gains from a recent private credit investment backing Elon Musk’s artificial intelligence venture xAI, according to a report by Bloomberg citing people familiar with the matter.

Apollo marks down credit fund as loan stress emerges

Apollo has cut the dividend and marked down the value of the portfolio of one of its private credit funds, citing strain in parts of its loan book as interest rate dynamics shift, according to a report by Bloomberg.

Private equity steps up push into London office refurbishments

Private equity firms are increasing their exposure to London office refurbishments, with PE-backed buyers accounting for around 13% of office acquisitions in the UK capital last year, up from just 4% in 2022, according to a report by Bloomberg.

Partners Group announces planned office in Kuwait

Swiss-based private equity firm Partners Group has announced a plan to expand its presence in the Gulf Cooperation Council region with the opening of an office in Kuwait. The application process for the office is underway, and subject to regulatory approvals, with the firm expecting to announce its completion and

Private investment stocks slide as Blue Owl restricts fund redemptions

Shares of major private investment managers declined sharply on Thursday following Blue Owl’s decision to restrict investor withdrawals from one of its retail-focused debt funds, raising concerns across the private credit sector, according to a report by the Financial Times.

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