Industry sentiment was clear when more than 300 senior private markets professionals gathered in London for our annual summit – momentum is there to be gained, provided it’s underpinned by discipline. Here are five things we learned.
Global private equity firm Carlyle Group has set a target to raise $200bn in new assets by 2028, aiming to bolster fee-related earnings and expand its investment footprint, according to a report by Reuters.
Carlyle Group’s US buyout platform is set to return almost $12bn in proceeds over the past 13 months, highlighting the firm’s strong track record in monetising assets despite a challenging exit environment, according to a report by Buyouts Insider.
Brookfield Asset Management has acquired cloud-computing startup Ori Industries, merging it into a new entity, Radiant, as part of a push to provide on-demand access to AI chips for governments and tech companies, according to a report by Bloomberg.
US multifamily REIT Veris Residential has agreed to be taken private in an all-cash deal valued at $3.4bn, including debt, by a consortium led by Affinius Capital and Vista Hill Partners, the company announced on Monday, according to a report by Reuters.
Goldman Sachs’ alternative investment unit, Petershill, is seeking to raise around $5bn for its fifth flagship fund, matching the size of its previous fund, according to a report by Bloomberg citing sources familiar with the plans.
Shares of major private investment managers declined sharply on Thursday following Blue Owl’s decision to restrict investor withdrawals from one of its retail-focused debt funds, raising concerns across the private credit sector, according to a report by the Financial Times.
US private equity giant KKR and its backers are set to hand their remaining stake in Dutch bikemaker Accell Group to the company’s senior lenders following a second debt restructuring in just over a year, marking losses of more than €1bn, according to a report by the Financial Times.
Private investment major Blackstone is to acquire Champions Group, a provider of essential home services, from Odyssey Investment Partners, in a deal reportedly valuing the Orange County, California-based business at around $2.5bn.