Allocations
PIMCO has formed a joint venture with Solar Capital Partners as the firm continues to develop and expand its private credit platform.
Solar Capital Partners is an investor in private corporate credit with a 10-year track record of making private loans to corporate borrowers. The firm also has a network of relationships with middle market borrowers and private equity sponsors.
PIMCO is an alternatives manager with more than USD27 billion in alternative assets with a significant presence in private corporate credit across a range of strategies.
The joint venture is the result of collaboration between PIMCO and Solar Capital
Wing Venture Capital has closed Wing Two, its USD250 million second fund.
Wing Two has the backing of universities and private foundations.
Wing is a venture capital firm devoted to early-stage, long-term company building in business technology. The firm was founded in 2013 by Gaurav Garg and Peter Wagner, two veteran venture investors whose collective body of work includes dozens of early-stage companies, 16 of which went on to achieve billion-dollar-plus outcomes following IPOs or acquisitions.
Prior to launching Wing, Garg and Wagner were partners at Sequoia Capital and Accel Partners, respectively. Notable companies they have helped build
StepStone Group has closed the acquisition of Swiss Capital Alternative Investments, a European private debt and hedge fund solutions provider.
The transaction was originally announced in May 2016, and has been in the process of receiving regulatory approvals since then.
As part of the transaction, StepStone has launched StepStone Private Debt and StepStone Hedge Funds, which combines the firm’s existing global private markets capabilities and institutional client network with Swiss Capital’s expertise in the private debt and hedge fund strategies. The enhanced platform aims to deliver superior risk-adjusted returns through highly customised portfolios.
Monte Brem (pictured), chief executive
KKR is to acquire a majority stake in cyber security specialist Optiv Security from a group of private investors, including a private equity fund managed by Blackstone.
Blackstone will maintain a minority interest in Optiv along with Optiv management.
Other selling shareholders include Investcorp and Sverica. Financial terms of the transaction are not being disclosed.
Over the past three years, Optiv has served more than 7,500 clients in 76 countries, including 71 of the Fortune 100 and 604 of the Fortune 1000. Optiv was named to the 2016 Inc. 5000 as one of North America’s fastest-growing private companies
Kirkland & Ellis has advised CD Capital, a London-based specialist natural resources and mining private equity manager, on the closing of the CD Capital Natural Resources Fund III.
The fund was closed with aggregate capital commitments of USD355 million.
The fund, which will make investments in global natural resources and mining companies and projects, accepted commitments from a broad mix of global institutional investors, including endowments, foundations, family offices and fund of funds.
The Kirkland team was led by London-based investment funds partner Christopher Braunack and associates Jennifer Feng and Aisling Campbell and New York-based tax partner David
Alternative asset manager Atalaya Capital Management has closed its third Asset Income Fund (AIF III) at its USD525 million hard cap, exceeding its USD500 million target.
AIF III held its first close in June 2016. AIF III’s investors are primarily public and corporate pension plans, foundations, and endowments.
In the first six months of the investment period, AIF III has called close to 50 per cent of its capital commitments.
Like previous Atalaya Asset Income Funds, AIF III will primarily originate loans to financial asset and real estate borrowers. Targeted investments include specialty finance rediscount loans against small
Polaris has agreed to sell Avanti Wind Systems to Alimak Group, marking the private equity firm’s sixth exit in the past 18 months.
With Polaris as its owner since 2011, Avanti, a specialist in service lifts as well as ladder and safety systems for the wind turbine industry, has doubled revenue and expanded its global sales and production platform during the period.
The company today has more than 400 employees, six production units and service units in 9 countries. Avanti is headquartered in Hillerød, Denmark.
The positive development has entailed a doubling of revenue from EUR47 million in
Private equity firm Cinven has agreed to sell Host Europe Group (HEG), one of the largest privately-owned web services providers in Europe, to GoDaddy, a cloud platform dedicated to small, independent ventures.
Cinven acquired the core business within HEG in August 2013 for an original consideration of GBP438 million.
The transaction marked the first platform acquisition of an overall consolidation strategy, originated by Cinven’s TMT team who had identified web services as an attractive and fragmented market.
The Cinven team worked closely with the HEG management team and key achievements include: implementing a buy and build strategy including
Clessidra SGR has signed a definitive agreement to sell all outstanding shares of ABM Italia to funds advised by BC Partners through their participation in Keter Group.
ABM Italia is one of Europe's leading manufacturer of high-end resin storage systems for domestic/office applications such as cabinets, shelves and storage boxes.
Matteo Ricatti, managing director at Clessidra, says: “We are delighted to have reached this agreement. We also feel privileged to have accompanied ABM Italia in its transformation from an entrepreneurial to a managerial organisation. This acquisition by BC Partners marks a new era for the company.”
Mario Fera,
Solace Capital Partners, a private equity firm focused on distressed-for-control and special situations investments in North America, has closed its inaugural Solace Capital Special Situations Fund at USD576 million, in excess of its USD500 million target.
Solace has flexible capital and targets control-oriented investments in complex, distressed or capital-constrained, lower-middle market companies across numerous industries.
Typical investment size ranges from USD10 million to USD75 million.
To date, the fund has invested and committed more than USD120 million in five portfolio companies.
Solace’s managing partners Chris Brothers, Vince Cebula and Brett Wyard say: “We are pleased with the
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
