Apollo and Blackstone looking to divest Canada’s Ridgeback for over $766m
Private equity firm Apollo Global Management and Blackstone Group’s credit arm are considering divesting Canada-based Ridgeback Resources, reported Reuters. A potential sale of the Canadian oil and gas producer could be valued at more than C$1bn ($765.58m). The move comes amid surging global oil price, which reached multi-year highs in recent months because of increased […]
Japan’s Sumitomo Mitsui Trust to invest $1.5B in Apollo funds
Sumitomo Mitsui Trust Holdings will invest $1.5bn in funds managed by Apollo Global Management in a partnership ranging from private equity and real estate to infrastructure. The partnership with Japan’s largest trust bank could allow Apollo to expand its relatively small presence, compared to peers such as KKR & Co Inc and Bain Capital. Sumitomo […]
Blackstone announces $400m investment in Xpansiv, the leading global carbon and environmental commodities exchange platform
Blackstone announced today that funds managed by Blackstone Energy Partners have committed $400m to lead a strategic investment in Xpansiv, the premier market-infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of […]
WTA opts for £150m CVC investment
The Women’s Tennis Association (WTA) is poised to sell a 20% stake to private equity firm CVC Capital Partners for £150m, according to The Times. While a WTA spokesman told The Times no decision over CVC had been finalised, the British newspaper reports that the deal is ‘pretty much done’ and is expected to be […]
Private equity platform doubles assets under management
Moonfare aims to open up the asset class to a wider group of investors Private equity platform Moonfare has topped €2bn in assets under management as the asset class, historically reserved for the ultra-wealthy, has become more open to everyday investors, raising new opportunities and risks. Although Moonfare can only sell its services to “sophisticated […]
Private lenders are offering cheaper debt than Wall Street banks
A secret in a $1.2 trillion world of credit is getting exposed as the Wall Street rout deepens: Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market – upending industry norms. As banks get pummeled by risk aversion and sinking asset values, direct lenders are lavishing risky […]
Sequoia China raises $9B as investors flock to big funds
Sequoia China, led by investment guru Neil Shen, has raised about $9 billion for investments in technology and healthcare, according to people familiar with the matter, overcoming the fundraising challenges that have beset the venture capital sector. Sequoia Capital and its Beijing affiliate have spent over a decade scattering more than $10 billion across China’s […]
Goldman Sachs invests in direct lending firm Varagon Capital Partners
Goldman Sachs Asset Management is making a preferred equity investment in private debt direct lending firm Varagon Capital Partners to support its further growth, a joint news release said. With $15.1bn in assets under management as of March 31, Varagon originates senior loans for private equity-backed, U.S. middle-market companies. Varagon executives plan to use the […]
Carlyle hires BlackRock’s McNeely to work with biggest clients
Carlyle Group Inc. hired a top executive from BlackRock Inc. to work with major clients including pension funds and endowments. Doug McNeely will join as a partner later this year, according to people familiar with the matter. At BlackRock, he headed a group that managed some of the most important customers and was a key […]
TVS Motor in talks with TPG Capital and KKR to raise $300m for EV business
Two-wheeler automobile company TVS Motor is reportedly in talks with TPG Capital and KKR & Co to raise at least $300m for its electric vehicle (EV) business. Recently, Greaves Cotton became the other big player in the segment to raise overseas capital to strengthen foothold in the fast growing EV segment. It received an investment […]
