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Despite global market challenges, assets under management in Luxembourg’s private debt market increased by 21% to €510bn from June 2023 to December 202, compounding on last year’s AuM growth of 51%, according to a survey by KPMG and the Association of the Luxembourg Fund Industry (ALFI).
Fund and corporate services administrator Aztec Group has appointed Todd Werner as US Head of Private Credit, with responsibility for developing and implementing strategy and expanding Aztec Group’s presence in the US market.
Buyout firm L Catterton, backed by luxury conglomerate LVMH, is to acquire a majority stake in the pilates studio operator Solidcore from VMG Partners, Peterson Partners, and Kohlberg & Company in a deal that values the fitness chain at $700m, according to a report by Reuters.
Pictet Alternative Advisors (PAA), an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m.
TOP STORY: Sanofi has received two separate takeover bids from private equity firms PAI Partners and Clayton Dubilier & Rice for its consumer health unit, potentially valuing the business at around €15bn ($16.74bn) or more, according to a report by Bloomberg News.
Private equity funds have captured a record 50.5% of private capital fundraising year-to-date as the sector continues to lead private markets amid growing interest from private wealth investors, according to a new report from Barclays Private Bank.
Vitruvian Partners, a PE firm focused on investments in middle market companies, has closed its latest buyout fund, Vitruvian Investment Partnership V, at €7.3bn ($8.1bn) in total capital commitments, surpassing its initial target of €6.5bn.
Boston-based private equity firm Heritage Holding has closed its first, institutionally-backed fund with $220m. The fundraise was completed in four months and was oversubscribed with commitments from both institutional investors and HNWIs.
Previero, a specialist in the design and manufacturing of plastic recycling solutions and a portfolio company of environmental sustainability-focused asset manager Ambienta, has acquired Parini, marking its first strategic add-on since Ambienta’s investment.
Dubai-based asset manager Ajeej Capital and venture capital firm Nuwa Capital have partnered to launch a $100m private debt fund aimed at providing debt capital to technology-focused companies across the MENAT region, with a particular focus on the GCC.
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