A conversation with Ben Wallwork, Partner, Co-investments at Adams Street, about the evolution of the firm’s co-investments platform in tandem with market shifts.
Global alternative asset manager Ares Management Corporation, has closed its latest private credit fund at $34bn, making it the largest private credit fund ever raised, and reflecting a high level investor demand for the asset class.
UK financial services firms Phoenix Group and Schroders are to launch a new private markets investment manager, Future Growth Capital, which will aim to deploy up to £2.5bn over three years from Phoenix Group, with an initial £1bn commitment.
A consortium of direct lenders, including Ares Management Corp and HPS Investment Partners, is arranging a $3bn credit facility to support Carlyle Group Inc’s potential acquisition of Baxter International Inc’s Vantive kidney-care division, according to a report by Bloomberg.
A consortium of investors led by Sixth Street has agreed to purchase property and casualty insurer Enstar Group Ltd for $5.1bn in what will be the second-largest private equity-backed insurance deal of the year, according to a report by Bloomberg.
Global alternative asset manager Apollo Global Management is to acquire Evri, one of the largest parcel delivery companies in the UK, from private investment firm Advent International in a £2.7bn deal which is expected to close in Q3 2024, according to reports.
Private equity firms Clayton Dubilier & Rice and Permira have made a bid to acquire French cybersecurity specialist Exclusive Networks, in a deal that values the company at approximately €2.2bn ($2.4bn), according to a report by Bloomberg.
Software focused private investment firm Thoma Bravo is aiming to raise up to $2.74bn by selling approximately half of its current shareholding in Nasdaq Inc as it looks to reduce its stake in the business acquired during a transaction last year, according to a report by Bloomberg.
Blackstone is intensifying its focus on international credit opportunities, and is aiming to grow its portfolio to include a wider range of debt, including local-currency investments, according to a report by Bloomberg quoting the company’s Global Head of Credit & Insurance, Gilles Dellaert.
Blackstone’s inaugural private equity fund targeting Japanese individual investors has raised $1.2bn just four months after launch, on the back of increasing interest in alternative assets in the country, according to a report by Bloomberg.