Latest News
Private credit firms are increasingly relying on continuation vehicles to return capital to investors, as sluggish deal flow, volatile market conditions, and a prolonged fundraising slowdown challenge traditional exit routes, according to a report by Bloomberg.
The California Public Employees’ Retirement System (CalPERS) posted an 11.3% time-weighted return on its private equity portfolio in 2024, as the $544bn pension giant continues an aggressive push to reshape its exposure to the asset class, according to a report by the Wall Street Journal.
Private equity firm Lone Star is nearing a long-anticipated exit from Novo Banco, its Portuguese banking asset, with French lender BPCE and Spain’s CaixaBank emerging as final bidders, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The UK government has softened elements of its proposed overhaul of carried interest taxation, introducing a series of concessions aimed at assuaging concerns from private equity managers and safeguarding the UK’s competitiveness as a financial centre, according to a report by the Financial Times.
JPMorgan Chase and Morgan Stanley are preparing to syndicate a $350m project finance loan for TeraWulf to private credit funds, according to a report by Bloomberg citing sources familiar with the deal.
Hong Kong-based real estate private equity firm Gaw Capital Partners is set to expand its investment footprint in the Middle East, targeting opportunities across real estate and industrial sectors in high-growth markets such as the UAE and Saudi Arabia, according to a report by Reuters.
Vietnamese conglomerate Vingroup JSC is seeking a $300m private credit loan to repurchase a 38% stake in its education subsidiary, Vinschool, from global investment firm KKR & Co, according to a report by Bloomberg News.
Founders Fund has led a landmark $2.5bn Series G funding round in US defence tech company Anduril Industries, with the $1bn cornerstone commitment marking the largest single investment in the venture firm’s history, according to a report by Bloomberg.
Two US public pension funds have deepened their exposure to private markets, with recent commitments from the Cincinnati Retirement System and the Texas County & District Retirement System (TCDRS) backing new private equity and venture capital managers.
Neuberger Berman has raised over $4bn for its latest GP-led secondaries vehicle, NB Strategic Capital Fund II, marking one of the largest fundraises to date in the rapidly expanding market for sponsor-backed continuation vehicles.
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