Latest News
Crestline Investors (Crestline), a credit-focussed institutional alternative asset manager, has closed Crestline Specialty Lending Fund II (SLF II) with over USD800 million in capital commitments.
SLF II will follow the same strategy as its predecessor fund, Crestline Specialty Lending Fund I.
Crestline Direct Lending provides flexible senior debt capital solutions to lower-middle and middle-market businesses, with a focus on senior secured, unitranche and second-lien opportunities ranging from USD15 million to USD100 million.
The closing of SLF II will allow Crestline to continue lending to small and medium-sized businesses, primarily in North America and Western Europe. Crestline Direct Lending
Investor services firm SGG Group, which is backed by Astorg, has successfully completed its acquisition of Augentius having received teh relevant regulatory approvals.
This acquisition reinforces SGG Group’s position as the fourth largest independent investor services firm and one of the top three independent administrators to the alternative investment community in the world, with the deal growing its assets under administration to over USD400 billion, and further strengthens its reach and footprint.
SGG Group says the services offered by Augentius will complement its current funds offering, including a leading technological platform and experienced and specialist teams with a reputation for providing a
Canterbury Consulting, a Newport Beach-based institutional investment advisory firm with more than USD18.3 billion in assets under management, will turn to Canoe Intelligence (Canoe), in a multi-year relationship to efficiently digitise, track and organise thousands of documents and data points.
“Canoe’s system will help track and organise all our clients’ documents,” says Mike Ethridge, COO, Canterbury Consulting. “Transitioning from the time-consuming task of manually reviewing and sorting everything to Canoe’s intelligent system will be a huge win for our clients.”
Canoe’s first-of-its-kind technology eliminates manual data entry for alternative asset investors. The technology allows institutions, LPs, and family offices
Salveo Capital, an alternative investment firm specialising in the legalised cannabis space, has acquired a minority equity interest in Ascend Wellness (Ascend), a vertically integrated multi-state operator in the cannabis industry.
Ascend is a Massachusetts-based cannabis company with developing licenses in Illinois and Michigan. Together, the three markets are comparable in size to California, one of the most profitable cannabis regions in the US. With its multiple retail locations, along with a sizeable grow facility, Ascend Wellness aims to build a best-in-class, multi-state premium cannabis retail experience. Ascend is led by Abner Kurtin, a successful Boston-based entrepreneur, along with Andrea
Sagewind Capital (Sagewind), a New York-based private equity firm, and Berenson Holdings have led the acquisition of The Athene Group, a software and services company serving the wealth management industry.
As part of the transaction, Insight Venture Partners and Salesforce Ventures are participating as investors. Financial terms of the transaction have not been disclosed.
Athene provides a cloud-based product, Skience, to the wealth management industry, including broker-dealers and registered investment advisors. Skience’s clients rely on its agile and intuitive enterprise class platform to power and streamline mission critical business processes including client on-boarding with straight through processing, data aggregation,
BDP International (BDP), a privately held global logistics and transportation services company, has partnered with New York-based private equity firm Greenbriar Equity Group (Greenbriar).
Headquartered in Philadelphia, Pennsylvania, BDP International is a global industry leader in international logistics, transportation and supply chain solutions. BDP supports the unique supply chain needs of its diverse customer base, including those in the chemical and petrochemical, healthcare and life sciences, oil and gas, manufacturing, and retail and consumer good sectors.
BDP is universally recognised for offering a best-in-class suite of visibility and supply chain management tools through its BDP Smart technology. The company
Muzinich & Co has appointed Alexis Ng as Country Manager, Singapore, and Managing Director, Asia-Pacific, effective January 2019.
Responsible for the growth and development of the firm’s relationships in the region, Ng’s key focus will be to market the company’s public and private credit offerings to clients in the institutional, wholesale and wealth management arenas.
Ng joins from Aberdeen Standard Investments, where she was Head of Distribution, Asia Pacific. Prior to Aberdeen, Ng was with First State Investments as Country Head, Singapore, and Head of Distribution, Asia. Alexis has over 20 years’ industry experience serving clients in Asia-Pacific.
Wynnchurch Capital (Wynnchurch) has completed the acquisition of Buchanan Rubber Ltd. (Buchanan).
Buchanan will be part of a growing distribution platform that includes Anderson Metals, LLC (Anderson) and Midland Metal Mfg (Midland).
The platform is a leading North American distributor of valves, fittings, hoses, couplings, and related products to a variety of end-markets.
Vince Hodes, CEO, says: “We are excited to leverage decades of industry expertise, product knowhow and management talent to create a leading distribution platform. With the addition of Buchanan, we gain access to the Canadian market and drive continued scale in the industrial, energy, water,
Victory Park Capital (VPC), a global alternative investment firm, has appointed Kevin Burke as a partner. Based in Chicago, Burke will focus on expanding the firm’s corporate credit business and will be primarily responsible for managing investment strategies in both existing and new asset classes.
“Kevin is a high-calibre talent with impressive and long-standing industry experience,” says Richard Levy, founder and CEO of Victory Park Capital. “His appointment enhances our firm’s established credit business and sharpens the expertise that we have built over the last 11 years.”
“Kevin’s unique perspective as both an investor and an asset manager will
An affiliate of private investment firm Sun Capital Partners (Sun Capital) has signed a definitive agreement to acquire the drive technologies businesses of Regal Beloit Corporation.
The acquired businesses design, engineer and assemble technology-enabled, high performance motor control solutions for industrial applications.
Founded in 1967, the engineered-driven business develops and manufactures variable frequency drive systems and other motor control solutions, with a focus on application-specific, highly engineered products. Founded in 1983, the control systems business designs and assembles an extensive line of low and medium voltage starters, variable frequency drive systems and other motor control products serving critical applications
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
