Global private investment giant KKR is holding its first-ever board meeting in Asia in Tokyo this week, underscoring the growing importance of Japan to the New York-based firm’s regional strategy, according to a report by Reuters.

Apollo Global Management is in early-stage discussions with UK asset manager Schroders over a potential private markets product partnership, according to a report by Bloomberg citing unnamed people familiar with the matter.

Credit-focused hedge fund firm Daimeter Capital Partners and private investment firm Apollo Global Management haver closed short positions against the debt of First Brands Group, the heavily leveraged US auto-parts maker, according to a report by Bloomberg.

Private equity sponsors have injected more than $2.5bn into at least 165 distressed mid-market portfolio companies over the past five years, but only a small minority see lasting credit improvement, according to a report by Bloomberg citing new research from S&P Global Ratings.

Apollo Global Management president Jim Zelter has warned that the private equity industry faces an inevitable shakeout, with some firms unlikely to survive the prolonged fundraising slowdown, according to a report by Bloomberg.

KKR & Co chief financial officer Robert Lewin has warned that some private equity firms will disappear as the sector enters a period of consolidation amid a prolonged slowdown in dealmaking and a squeeze on GPs that over-invested during the 2021–2022 boom, according op a report by Bloomberg.

Private equity giant TPG and its portfolio company Musixmatch have been ordered to face an antitrust lawsuit brought by Canadian rival LyricFind, after a US judge ruled there was sufficient evidence to proceed on key claims, according to a report by Reuters.

CVC Capital Partners, one of Europe’s largest private capital managers, said investor demand for European exposure is accelerating as limited partners rebalance away from the US, according to a report by Bloomberg.

Apollo Global Management has reached a settlement with two former senior executives of its insurance affiliate Athene Holding, resolving a long-running dispute just days before the case was due to go to trial in New York, according to a report by Bloomberg.