Blackstone, KKR defy global private debt slump with bets on Asia
Direct-lending behemoths from Blackstone to KKR are looking to expand in Asia’s fledgling private-debt sector, targeting firms shut out of volatile public markets but healthy enough to survive surging inflation and a potential recession. Bucking an industry-wide slowdown, some of these alternative-asset powerhouses are building up their presence in the region at a brisk pace. […]
Thoma Bravo to make a significant growth investment in SMA Technologies
Software-focused buyout house Thoma Bravo has agreed to make a significant growth investment in financial services automation solutions provider SMA Technologies. SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business.The firm said the investment will enable SMA to significantly expand its offering of automation solutions for its clients while […]
Apex Group launches new DEI solution for private markets
Apex Group, a global financial services provider, has expanded its ESG Ratings & Advisory Services offering with the launch of a new diversity, equity, equality and inclusion (DEI) solution for private markets investors. Global movements such as #MeToo and Black Lives Matter have highlighted inequity in society, putting pressure on businesses and investors to accurately […]
KKR plans infrastructure strategy for High-Net-Worth clients
KKR & Co. is seeking regulatory approval to give accredited individuals the ability invest in the private equity giant’s $49 billion infrastructure business. The entity, a holding company known as KKR Infrastructure Conglomerate or K-Infra, will allocate about 85% of assets to the firm’s global infrastructure investments, with the rest in cash and other liquid […]
Bank of America invests in Coyote Ventures Fund I
Coyote Ventures, a venture firm focused on early-stage women’s health and wellness startups, has secured an LP investment from Bank of America. Bank of America is the largest institutional investor in the fund and follows previous investments from The Case for Her and Tripple Family Office. Led by General Partner Jessica Karr, Coyote Ventures has […]
BlackRock replaces China Wealth Unit head as pressures mount
BlackRock Inc. is replacing the head of its China wealth management unit, less than two years after the investment giant began competing in the $4 trillion market. BlackRock CCB, which the world’s largest asset manager controls with a 50.1% stake, won approval to commence business in May last year, the second global firm to do […]
BlackRock sees insurers with $28 Trillion adding Private Assets
Insurers are poised to pump hundreds of billions of dollars into private assets over the next two years as they seek to overcome the highest inflation in four decades and heightened recession risk, according to BlackRock. “Their resolve to continue investing and growing their allocations to private assets has not changed” even as yields rise […]
Advent may join private equity chase for GB Group
Advent International is among private equity firms eyeing a possible counterbid for GB Group after the revelation that GTCR is considering making a cash offer for the British tech company. Advent, the global buyout firm, is reported to be mulling over a move, potentially putting it up against not just its Chicago-based rival but also […]
KADENS Capital invests in Westbridge with large Norwegian Fund
The pan-European private equity house KADENS Capital (KADENS), which specialises in real estate and real estate companies, has secured a minority stake in the leading ESG service provider and expert for energy optimisation in the German real estate industry. The transaction was carried out for a major Norwegian state fund with a long-term investment horizon. […]
Ares Management raises $3.7B of Sports, Media and Entertainment Capital
Significant Debt and Equity Investments Include Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised $3.7bn of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and […]
