PE Tech Report

Private Credit

Capstone makes five promotions including two new partners

Capstone, a global placement agent focused on fundraising and advisory services for private equity, credit, real assets, and infrastructure investment firms, has made a number of promotions, including two new partner appointments – Caroline Philips and Brian DeFee.

BlackRock acquires private debt manager Kreos Capital

BlackRock Inc has accelerated the growth of its credit platform with a deal to acquire full control of Kreos Capital, a provider of growth and venture debt financing to companies in the technology and healthcare industries.

Golding opens new Milan office

Golding Capital Partners, a European alternative asset manager with more than €13.5 billion in assets under management across infrastructure, private credit, private equity, secondaries and impact, has opened a new office in Milan, Italy led by Lara Tardino, who joins the firm as a managing director.

Veld Capital makes CFO and partner appointments

Veld Capital, a European private credit specialist investor, has promoted Konstantin Karchinov and Sebastien Wigdo to partner, and appointed Richard Kirkby as chief financial officer.

KKR to launch flexible private credit fund

KKR & Co is looking to launch a new euro-denominated direct lending fund that will give investors more flexibility in depositing and withdrawing their cash than typical closed-ended funds, according to a report by Bloomberg.

Apollo ups headcount in Europe on private credit boom

Apollo Global Management Inc is planning to continue increasing its headcount the UK and Europe as it looks to capitalise on a boom in private credit activity in the region, according to a report by Bloomberg. 

KKR names head of global private credit

Global investment firm KKR has appointed Dan Pietrzak as global head of private credit. Most recently, Pietrzak served as co-head of private credit alongside Matthieu Boulanger, who is leaving the company to pursue other opportunities.

TPG logo on screen

TPG to acquire Angelo Gordon in $2.7bn deal

TPG Inc, a global alternative asset management firm, is to acquire Angelo Gordon, a $73 billion alternative investment firm focused on credit and real estate investing, in a cash and equity transaction valued at approximately $2.7 billion, based on TPG Inc’s share price as of 12 May, 2023.

EQT looking to raise £1.2bn to support Dechra take-private

Swedish private investment firm EQT Partners has entered into discussions with lenders to raise £1.2 billion for a proposed deal to acquire veterinary drug company Dechra Pharmaceuticals Plc in what would be one of the UK’s largest take-private deals so far this year, according to a report by Bloomberg.

CoVenture adds two to team

CoVenture, an alternative asset management firm focused on direct credit opportunities and credit-oriented investments in early and late-stage companies, has made two new female additions to its team – Dalia Bauman as a vice president in the hybrid capital team, and Molly Cline as an associate on the capital formation

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