Arcline Investment Management, a growth-oriented private equity firm focused on investments in industrial businesses, is to acquire Kaman Corporation, a manufacturer of bearings and other parts for the aerospace and defence sectors, in an all-cash deal worth $1.8bn.
LuminArx Capital, a global alternative investment manager focused on special situations investing, has launched Cinergy, a strategic financing vehicle which will offer a broad range of private credit solutions to Citi’s global client base.
Goldman Sachs has surpassed its fundraising target for alternative investments by over $25bn and, with a year to spare, raising over $251bn since year-end 2019 versus a target of $225bn, according to the company’s latest earnings release.
Private equity professionals are anticipating slower fundraising and more conservative deal valuations and returns in 2024, according to the latest edition of Investec’s Annual Private Equity Trends report.
Global growth investor General Atlantic is to acquire Actis, a global investor in sustainable infrastructure, creating a diversified, global investment platform with approximately $96bn in combined AUM in the process.
Global investment giant BlackRock is making a major push into the alternative investments space having agreed to acquire Global Infrastructure Partners, in a deal worth $12.5bn, according to a report by Reuters.
Blackstone has promoted Kenneth Caplan, the company’s current Global Co-Head of real estate, and Lionel Assant, European Head of private equity, to the newly created roles of Global Co-Chief Investment Officers.
Senior executives from some of the world’s largest private equity firms have joined the speaker line-up for Private Equity Wire’s third annual European Leadership Summit. Â
Global alternative investment manager Ares Management is set to hold a final close on what would be the largest ever direct lending fund raised to date, with over €20bn ($21.9bn) in capital commitments, according to a report by Bloomberg.
International private equity firm Cinven has held the final close of its latest flagship fund, the Eighth Cinven Fund, at its hard cap of $14.5bn, nearly 30% larger than its 2019 vintage predecessor fund.