PE Tech Report

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Intel

New York-based banking giant JPMorgan Chase & Co is actively seeking to acquire a private credit firm to strengthen its private capital operations within its $3.6tn asset management division, according to a report by Bloomberg. 

Intel

The Australian Retirement Trust, a pension fund valued at AUD260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America. 

Intel

The private credit market can be expected to double in growth over the next five years, according to Michael Arougheti, Co-Founder, CEO and President at $429bn global alternative investment manager Ares Management. 

Intel

Israel-based identity security company CyberArk has agreed to acquire Venafi, a machine identity management company backed by software-focused private equity firm Thoma Bravo, for approximately $1.54bn — to be paid in $1bn cash and $540m in CyberArk shares. 

Intel

AI hyperscaler CoreWeave, which operates data centres in the US, has secured a $7.5bn debt financing facility led by funds managed by Blackstone with participation from Magnetar as co-lead investor, as well as Coatue Management.

Intel

Private equity major KKR is poised to propose a package of commitments in a bid to secure early approval from the European Union for its proposed €22bn acquisition of Telecom Italia’s landline network, according to a report by Bloomberg.

Awards

The winners of the Private Equity Wire European Credit Awards 2024, which recognise fund performance and service provider excellence across credit funds, were announced at an exclusive ceremony and networking event today (16 May), at etc.venues, County Hall, London.

Intel

Blackstone’s credit unit is planning to sell around $450m of loans at a discount, as it looks to provide liquidity to investors in an older fund, according to a report by Bloomberg citing unnamed people with knowledge of the mater.

Intel

Carlyle’s global credit platform has provided a financing package of over $400m to support the growth of Big Bus Tours, a global provider of hop-on hop-off sightseeing bus tours and portfolio company of private equity firm Exponent.

Intel

Website-building platform Squarespace will be taken private by private equity firm Permira in a $6.9bn all-cash transaction, with Ares Capital, Blackstone and Blue Owl providing a $2.65bn private credit package to help finance the acquisition.

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12 September, 2024 – 8:30 am

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