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Ares Management will join the S&P 500 on 11 December before the market opens, becoming the latest alternative asset manager to enter the benchmark, according to a report by Reuters citing S&P Dow Jones Indices.
Private credit managers deployed $592.8bn in 2024, the highest on record and a 78% increase on the previous year, according to a report by Bloomberg citing the Alternative Credit Council. The expansion was driven largely by the sector’s biggest firms — including Ares, Apollo, and Blackstone — which accounted for 85% of total deployment.
Cinven is making a majority investment in Flint Global, a specialist professional services firm which advises corporates and investors on regulatory, policy, competition and economics matters. Financial details of the transaction were not disclosed.
Georgia-based Wingspire Capital, a portfolio company of $284bn AUM alternative asset manager Blue Owl, has announced the promotion of Will Bence to senior managing director, head of originations.
Wrexham Association Football Club’s celebrity owners, Ryan Reynolds and Rob McElhenney, have sold a minority stake in the Welsh football club to Apollo Sports Capital, a US-based private equity firm, according to an Associated Press report.
Medline, the medical supply manufacturer backed by Blackstone, Carlyle, and Hellman & Friedman, is targeting a $55bn valuation in a US IPO which would make it one of the largest PE-backed listings ever, according to a report by Reuters.
Stifel Financial executives Dirk Jonske and Adrian Siew have left the firm’s Eaton Partners subsidiary, where they co-led the GP Solutions advisory business, focused on private market fundraising in the secondary market, according to a report by Bloomberg.
Bain Capital, a global private investment firm, has launched a joint venture with bookrunner SMBC to establish a new European loan platform providing up to €1.5bn in senior secured credit to corporate borrowers across Europe and the UK. The platform is structured as a co-governed credit vehicle, combining SMBC’s pan-European leveraged finance origination and structuring experience with Bain Capital’s underwriting and asset management capabilities.
Swedish investment firm EQT has sought to reassure institutional investors that it does not plan to charge fees on co-investments following comments by Chief Executive Per Franzen that raised concerns among clients, according to a report by Bloomberg.
China-based HongShan Capital Group has submitted a €2.5bn ($2.91bn) offer to buy Italian luxury sneaker maker Golden Goose from private equity firm Permira, according to a report by la Repubblica. The parties are reportedly aiming to sign a deal by Christmas.
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