Latest News
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 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 is allowing investors to redeem a record 7.9% of shares in its flagship private credit vehicle, Blackstone Private Credit Fund, marking the latest sign of pressure across the private credit market, according to a report by Bloomberg.
Thoma Bravo is to acquire US-based third-party logistics provider WWEX Group and combine it with its existing portfolio company Auctane. Financial terms of the deal have not been confirmed, although reports suggest the combined logistics and shipping technology platform will have a value of up to $12bn.
Bain Capital has announced an investment in Tingstad, a Swedish family-owned specialist distributor of non-food consumables. The investment is made by the firm’s private equity team in Europe. Headquartered in Gothenburg, Sweden, and founded by the Jigberg family in 1959, Tingstad serves a customer base across HoReCa hotels, restaurants, catering, culture, facilities management, grocery, and retail.
Van Lanschot Kempen Investment Management has launched a new private equity fund focused on North America. Named Kempen North American Private Equity Fund II, the firm says it allows private banking clients to invest, through carefully selected specialised private equity managers and direct co-investments, in small and mid-sized private companies in North America.
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 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.
Private credit manager Invico Capital has implemented a structured liquidity management plan at one of its funds as it responds to redemption requests from large investors, amid rising scrutiny across the private credit market, according to a report by Bloomberg.
Greenbriar Equity Group has held the final close of its seventh fund, Greenbriar Equity Fund VII, raising $5.4bn in capital commitments – its largest fund to date – and well above its original $4.25bn fundraising target.
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