Ares Management Corporation announced that Ares Management funds (“Ares”) have acquired an interest in a portfolio of Limited Partner stakes (the “Portfolio”) from a leading institutional investor. The Portfolio comprises investments that are...
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April 22, 2024, 07:40 AM
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BlackRock and Santander announced that funds and accounts managed by BlackRock will provide financing on a $600 million diversified portfolio of infrastructure credit across communications, energy, power and transportation sectors via a structured...
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April 11, 2024, 08:31 AM
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Blue Torch Capital, a New York-based private credit investment firm, announced the closing of Blue Torch Credit Opportunities Fund III and its affiliated entities with total investor commitments of $2.3 billion, exceeding its $2.0 billion...
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April 11, 2024, 07:53 AM
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Private equity entered 2024 ready to shop, and a study released by Citizens reveals many business leaders may be open to making a deal.Nearly three quarters (72%) of small- and mid-size businesses in the U.S. view the private equity industry as a...
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April 03, 2024, 07:52 AM
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Leste Group, a global alternative investment manager, announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.“Leste is continuing to prove itself as...
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March 27, 2024, 09:02 AM
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Altera, an alternative asset manager that capitalizes the lower middle market, has surpassed $400 million of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over...
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March 25, 2024, 07:56 AM
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Grant Thornton and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, announced a significant growth investment to accelerate Grant Thornton’s business strategy. Grant Thornton...
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March 18, 2024, 08:02 AM
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Cambridge Wilkinson announced the spin out and full support of an affiliate, BCB Equity Partners, an independent private equity firm which will pursue control and buyout transactions in the lower middle market. The geographic focus of BCB will be...
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March 15, 2024, 07:29 AM
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Carlyle Secured Lending announced that Justin Plouffe has been named President, Chief Executive Officer (CEO), and member of the Board of Directors, effective immediately. This appointment follows the resignation of Aren LeeKong from the Company to...
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March 04, 2024, 09:00 AM
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Truist Financial Corporation reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings ("TIH"), a subsidiary of Truist and the fifth largest insurance brokerage in the United States, to an investor group led by private...
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February 20, 2024, 07:28 AM
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Silver Creek Capital Management announced that David Matter has joined the Firm as Co-Chief Investment Officer. Matter was most recently a Managing Director and Co-Chief Investment Officer of BlackRock Alternative Advisors (BAA), BlackRock’s Hedge...
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February 12, 2024, 08:00 AM
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Churchill Asset Management, an investment specialist of Nuveen, closed a $400 million middle market collateralized loan obligation ("CLO"), Churchill MMSLF CLO III, on January 24, 2024.The CLO was structured in connection with Churchill’s...
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January 29, 2024, 07:55 AM
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The TCW Group announced the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.TCW was an early entrant to private credit and the continued...
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January 26, 2024, 07:40 AM
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Golub Capital announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March. Picard has over 30 years of industry experience and is joining the Firm after more than a decade in institutional sales leadership...
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January 19, 2024, 07:49 AM
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Ares Commercial Finance provided a senior secured revolving line of credit to a Decorative Lighting distributor.
The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s...
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January 18, 2024, 07:52 AM
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Golub Capital BDC entered into a definitive merger agreement with Golub Capital BDC 3, Inc. (“GBDC 3”), with GBDC as the surviving company, subject to certain stockholder approvals and customary closing conditions. Following the merger, GBDC is...
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January 18, 2024, 07:27 AM
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White & Case has expanded its Global Mergers & Acquisitions (M&A) Practice and Global Private Equity Industry Group with the addition of Taurie Zeitzer as a partner in New York. Zeitzer joins the Firm as Co-Head of its Global Private Equity Industry...
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January 08, 2024, 07:39 AM
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O2 Investment Partners announced the promotion of Sean Darin to Principal.Luke Plumpton announced the promotion of Darin: “I am very excited to announce the promotion of Sean [Darin] to Principal. Since joining as an Associate in 2016, Sean has been...
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January 08, 2024, 07:00 AM
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Churchill Asset Management closed its second collateralized fund obligation (“CFO”). The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital...
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December 19, 2023, 07:46 AM
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KBRA DLD, a division of KBRA Analytics, released its latest Monthly Insights & Outlook and Default Reports on the U.S. direct lending market. Highlights from the report are below:Defaults:The year-to-date (YTD) direct lending default rate rose to...
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December 18, 2023, 07:54 AM
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Falfurrias Management Partners closed its latest, oversubscribed lower middle-market private equity fund, Falfurrias Growth Partners I (FGP), at $400 million in investor commitments. FGP is the firm's first dedicated growth buyout fund. In addition...
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December 11, 2023, 07:14 AM
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Ares Management Corporation raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, General Partner commitments and affiliated vehicles.Through LREF IX, the Ares Real Estate Secondaries...
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December 05, 2023, 07:45 AM
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GoldenTree Asset Management, a global asset management firm with over $51 billion in assets under management, announced the hiring of Shawn Mathew as Partner and Head of Corporate Strategy, a newly created role. Mathew will be based in the firm’s...
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November 27, 2023, 07:56 AM
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Whitehorse Liquidity Partners, a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, is expanding its distribution capabilities with two new hires in...
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November 14, 2023, 07:18 AM
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Boathouse Capital has completed a growth investment in Ontraport, a leading CRM and marketing automation software provider for small and medium businesses. Ontraport, based in Santa Barbara, CA offers a highly-acclaimed suite of font-office...
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November 14, 2023, 06:00 AM
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Kennedy Lewis Investment Management, a leading alternative credit manager, closed on $4.1 billion for Kennedy Lewis Capital Partners Master Fund III LP and its associated parallel and co-investment vehicles (together, "Fund III"). Investors in Fund...
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November 08, 2023, 08:20 AM
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Dechert, in partnership with Mergermarket, released their 6th annual Global Private Equity Outlook report. This latest edition of the report provides a comprehensive analysis of the private equity (PE) market, offering insights into the challenges...
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November 08, 2023, 07:50 AM
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Gridiron Capital announced that RidgeLake Partners has made a passive, minority investment in the firm. RidgeLake, a strategic partnership between OA Private Capital and Apogem Capital, is a dedicated platform focused on acquiring non-control equity...
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November 08, 2023, 07:06 AM
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Guidehouse, a leading global provider of consulting services to the public sector and commercial markets, entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse...
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November 06, 2023, 07:31 AM
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Citizens M&A Advisory served as the exclusive financial advisor to ACU-Serve Corp. on its majority growth investment from Lovell Minnick Partners, a private equity firm focused on investments in financial services, business services and financial...
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November 01, 2023, 07:04 AM
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Ares Management Corporation announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was...
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October 30, 2023, 08:19 AM
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Bloomberg reported that Fortress Investment Group is targeting as much as $8 billion for its latest credit opportunities fund, focused on investing in areas ranging from distressed debt to structured credit, according to a person with knowledge of...
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October 30, 2023, 08:14 AM
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Graycliff Partners announced the closing of the firm’s fifth lower middle market private equity fund, Graycliff Private Equity Partners V (the “Fund”). The oversubscribed Fund closed at its hard cap of $600 million in limited partner commitments in a...
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October 19, 2023, 05:00 AM
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Apollo Debt Solutions BDC (“ADS” or the “Fund”) has appointed Eric Rosenberg and Adam Eling as Chief Financial Officer and Chief Operating Officer, respectively, of ADS, effective October 2, 2023. ADS is a non-exchange traded business development...
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October 06, 2023, 08:30 AM
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Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents...
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October 02, 2023, 08:04 AM
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Värde Partners, a leading global alternative investment firm, announced it has raised nearly $1.5 billion for asset-based lending opportunities through The Värde Asset Lending Fund II and related accounts and co-investments. The firm received support...
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September 29, 2023, 08:10 AM
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For the second consecutive year, H.I.G. Growth Partners was named one of the Top Private Equity Firms of 2023 by GrowthCap, an advisory firm specializing in growth capital. The award further establishes the firm’s place as a leading growth equity...
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September 25, 2023, 07:00 AM
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Angelo Gordon announced that Maja Lindstrom, former Managing Director, EMEA Business Development at Barings, has joined the Firm as a Managing Director in its Client Partnership Group. A seasoned executive with more than 15 years of business...
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September 18, 2023, 07:27 AM
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Blackstone announced the integration of its market-leading corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone’s fastest-growing segment – more...
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September 14, 2023, 08:00 AM
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Kainos Capital ("Kainos"), a food and consumer-focused private equity firm, announced today that Catherine Anne Prideaux has returned to the firm as a Vice President. Ms. Prideaux first joined Kainos in 2018 and served as an Associate and Senior...
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August 14, 2023, 07:00 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested $1.3 billion to support the growth of middle market and private equity-backed companies during the first half of 2023.Bain Capital Credit’s Private Credit Group invested in...
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August 10, 2023, 08:00 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during the second quarter of 2023 and approximately $20.2...
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August 01, 2023, 08:00 AM
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Sixth Street, a leading global investment firm, announced that Julian Salisbury will become a partner of the firm and serve as Co-Chief Investment Officer alongside Chief Executive Officer Alan Waxman and Co-President Joshua Easterly. Salisbury is...
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July 31, 2023, 08:00 AM
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Angelo Gordon announced a number of senior personnel moves to bolster the Firm’s structured credit business. The promotion of several experienced team members and the hiring of an additional industry veteran, each of whom will help lead activities...
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July 25, 2023, 08:00 AM
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O2 Investment Partners announced the promotions of Andrew Faubel to Vice President, Sam Wegenke to Senior Associate and William Laffrey to Senior Associate.Luke Plumpton announced the promotions of Faubel, Wegenke and Laffrey: “I am very excited to...
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July 24, 2023, 07:51 AM
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Carlyle closed a $175 million term loan to New Regency, a leading independent, founder-owned global entertainment company that creates and distributes film, television and documentary content across all platforms. This loan is a refinancing and...
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July 19, 2023, 08:00 AM
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Ares Management Corporation announced that Ares has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (“CPC”), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management...
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July 18, 2023, 07:48 AM
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PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private...
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July 13, 2023, 07:50 AM
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May River Capital, a Chicago-based private equity investment firm, has raised its third fund, May River Capital Fund III, LP (“Fund III” or the “Fund”). Fund III closed on its hard cap of $500 million in limited partner commitments, exceeding the...
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July 13, 2023, 07:38 AM
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Carlyle announced that John Redett will become the firm’s Chief Financial Officer and Head of Corporate Strategy, effective October 1, 2023. Redett succeeds Curt Buser, Chief Financial Officer at Carlyle since 2014, who has decided to retire from the...
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June 20, 2023, 08:00 AM
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BlackRock and Kreos Capital announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.The acquisition of...
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June 08, 2023, 07:55 AM
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Brightwood Capital Advisors, a middle market private credit firm, announced that it deployed nearly $2 billion of capital to 35 new borrowers, in fiscal year 2022.This volume of investment activity was spurred by asset growth across Brightwood’s...
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June 01, 2023, 07:50 AM
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Turnspire Capital Partners, a New York-based private equity firm focused on complex situations in the middle market, announced several recent additions to its team. These exceptional individuals bring a tremendous amount of expertise to Turnspire’s...
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May 24, 2023, 07:00 AM
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TPG, a leading global alternative asset management firm, and Angelo Gordon, a $73 billion alternative investment firm focused on credit and real estate investing, announced that the companies have entered into a definitive agreement under which TPG...
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May 15, 2023, 08:00 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $2.1 billion in U.S. direct lending commitments across 35 transactions during the first quarter of 2023 and approximately $23.5 billion in U.S. direct...
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April 28, 2023, 08:00 AM
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Marathon Asset Management announced that Curt Lueker has joined the firm as Managing Director, to lead the firm’s sponsor coverage and direct lending business. In addition, Lueker will become a member of the firm’s Investment Committee. Lueker joins...
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March 28, 2023, 08:00 AM
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Hercules Capital announced that Hercules Adviser (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has established a new institutional private credit lending program. The new private credit lending program was established to...
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March 27, 2023, 07:57 AM
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Oaktree Capital Management announced the launch of private credit-focused Oaktree Lending Partners and its related vehicles (OLP). OLP is targeting $10 billion in equity commitments from institutional investors.OLP will seek to originate senior...
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March 01, 2023, 08:00 AM
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Rainier Partners, a private equity firm investing in lower middle-market services businesses, completed fundraising for Rainier Partners Fund I at its hard cap of $300 million, in excess of its $250 million target. The fund’s limited partners include...
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February 21, 2023, 07:00 AM
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Crayhill Capital Management closed a $200 million receivables financing facility with Stenn Technologies, a UK-based SME finance platform. The facility, which will initially be $200 million, expandable to up to $400 million, is collateralized by a...
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February 17, 2023, 07:53 AM
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Hyland Hill Investment Partners, a value-oriented, alternative credit investment firm focused on acquiring small balance private loans in North America, closed its inaugural $250 million fund, Hyland Hill Fund I (the “Fund”). The Fund will seek to...
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February 15, 2023, 07:44 AM
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Pemberton, a leading alternative credit specialist, has raised US$1 billion for its Working Capital Finance (WCF) strategy.The WCF strategy invests in receivables, payables, and inventory financings for large and mid-market companies in both the US...
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February 13, 2023, 08:00 AM
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PGIM Private Capital provided $16.1 billion of senior debt and junior capital to 241 middle-market companies and projects globally in 2022, completing a second consecutive record year of originations for the firm. PGIM Private Capital is a leading...
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February 13, 2023, 07:56 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4...
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February 09, 2023, 08:00 AM
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Star Mountain Capital announced that George Mattson has joined as President. Mr. Mattson has been a long-time investor and Senior Advisor to the firm, and in this newly created role, will work closely on all aspects of the firm’s activities including...
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February 09, 2023, 07:58 AM
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Global investment firm Carlyle announced that its Board of Directors has unanimously agreed to appoint Harvey M. Schwartz as Chief Executive Officer and a member of the Board, effective February 15, 2023. At that time, Bill Conway will step down as...
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February 06, 2023, 08:00 AM
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Comvest Partners announced that Charles Asfour has joined the Firm as a Partner. Asfour assumes a key leadership role within the Comvest Special Opportunities investment platform, where he serves on the strategy’s investment committee and is...
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January 31, 2023, 06:00 AM
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Audax Strategic Capital (ASC), a provider of mid-hold capital solutions that enable private equity sponsors to continue investing in expanding middle market companies, announced recent additions to its growing team that reflect ongoing momentum since...
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January 27, 2023, 07:50 AM
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $50 million in senior secured credit facilities to support the recapitalization of SV Labs, a portfolio company of San Francisco Equity...
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January 26, 2023, 06:00 AM
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Ares Capital Corporation announced that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role, Ms. Markowicz will also serve as COO of Ares Management’s (“Ares”) U.S. Direct Lending strategy where she will...
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January 20, 2023, 08:06 AM
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Audax Private Debt, a leading provider of financing solutions for middle market private equity sponsors, successfully closed Audax Direct Lending Solutions Fund II, LP (“DLS Fund II”) with $3.0 billion of capital commitments. The new fund, which...
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January 20, 2023, 08:00 AM
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Churchill Asset Management announced its 2022 investment and capital raising activity, notable firm highlights and company-wide promotions. Despite the challenging economic environment, Churchill experienced strong growth across its leading private...
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January 13, 2023, 08:00 AM
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Ares Management Corporation announced the final closing of its Infrastructure Debt Fund V (“IDF V”), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its...
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January 12, 2023, 07:56 AM
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Antares Capital announced that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business. Katzenstein will be based in New York and report to Vivek...
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January 11, 2023, 08:00 AM
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Seaside Equity Partners closed its second private equity investment fund, Seaside Equity Partners II, L.P. (“Seaside Fund II”). Seaside began fundraising in September 2022 with an initial target of $225 million. With the support from our existing...
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January 09, 2023, 07:00 AM
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Angelo, Gordon & Co. announced that AG Twin Brook Capital Income Fund (“TCAP” or the “Fund”) has launched with more than $800 million in total assets. TCAP is a non-traded business development company (“BDC”) that has approximately $530 million in...
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January 06, 2023, 08:00 AM
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Churchill Asset Management completed fundraising for Churchill Junior Capital Opportunities Fund II (the “Fund”) with $737 million of limited partner commitments, exceeding its original target of $500 million and well above the size of its $300...
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January 06, 2023, 07:34 AM
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Morrison Foerster announced that Steven Tran has joined the firm as a partner in its Private Equity and Mergers & Acquisitions Groups in Singapore. His arrival further strengthens and deepens the firm’s Asia and global private equity offerings....
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January 03, 2023, 07:31 AM
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Spouting Rock Asset Management announced an agreement to acquire Stewart Asset Management, LLC (“Stewart”), a New York-based investment manager that aims to provide long-term capital appreciation for clients through concentrated portfolios of quality...
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December 19, 2022, 07:08 AM
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VSS Capital Partners (“VSS”), a private investment firm that targets the healthcare, education, and business services industries, announced the successful final close of VSS Structured Capital Fund IV (“VSS SC IV”) at $530 million, exceeding its...
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December 15, 2022, 07:07 AM
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Medalist Partners and Semper Capital have formed a strategic partnership to co-invest across structured credit opportunities while leveraging the complementary investment expertise across both platforms. Under the partnership, Medalist will provide...
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November 11, 2022, 08:00 AM
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HighVista Strategies announced the final close of its HighVista Opportunistic Private Credit Fund II LP (“Fund II”). HighVista closed on $450 million of capital for Fund II and related entities, exceeding the target for the fundraise. Fund II had...
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November 08, 2022, 07:14 AM
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Ares Management Corporation announced the final closing of its Ares Special Opportunities Fund II, L.P. (together with Ares Special Opportunities Fund II (Jersey), L.P. and each of their parallel vehicles, “ASOF II”). With strong global investor...
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October 24, 2022, 08:00 AM
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Configure Partners, a leading middle-market investment bank, announced its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor” or “HHCP”) in securing committed debt capital to support HHCP’s acquisition of Machinery...
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October 17, 2022, 06:00 AM
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Enhanced Healthcare Partners (“EHP”), a premier healthcare-focused private equity firm, announced the naming of David Prendergast to Principal, Head of Business Development.David Prendergast joined EHP in the fall of 2019 to lead the firm’s business...
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October 11, 2022, 07:42 AM
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Churchill Asset Management raised over $12 billion in third-party committed capital for the firm’s most recent senior lending program.This milestone includes the closings of the firm’s flagship levered and unlevered senior loan funds...
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October 10, 2022, 08:05 AM
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Ivy Asset Group is expanding its alternative offerings with a new private credit fund, Ivy Evergreen Fund ("The Fund") amid growing demand for investment opportunities amongst its network of leading RIAs, high net worth individuals, private pension...
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October 05, 2022, 07:51 AM
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Wafra Inc. (“Wafra”), a global alternative investment manager, announced that funds managed by Wafra have acquired a strategic minority ownership interest in Oak Hill Capital Partners (“Oak Hill” or “OHCP”), a middle-market private equity buyout firm...
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October 04, 2022, 07:35 AM
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Gen II Fund Services, a leading independent private capital fund administrator, appointed Nikolaos Perros as Chief Operating Officer and Ishita Shah as Chief Commercial Officer.Mr. Perros is an experienced business executive with significant...
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October 03, 2022, 07:39 AM
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TA Associates (“TA”), a leading global growth private equity firm, announced the expansion of its leadership team with the appointments of Jennifer Barbetta as Chief Operating Officer, Lori Stachelski as Chief Talent Officer and Darlene Karis as...
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September 26, 2022, 07:57 AM
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HarbourVest Partners, a global private markets investment specialist, announced the final close of its twelfth flagship US fund, HarbourVest Fund XII, which closed above its $2.0 billion target at over $3.0 billion, including the General Partner...
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September 23, 2022, 07:00 AM
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TA Associates (“TA”), a leading global growth private equity firm, announced the completion of its fundraising for TA Debt Fund V (“the Fund”) with total commitments of more than $1.1 billion. Launched in 2022, TA Debt Fund V quickly exceeded its...
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September 21, 2022, 07:00 AM
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KBRA Analytics, an affiliate of Kroll Bond Rating Agency, has acquired Direct Lending Deals (DLD), a digital information service that provides investors and originators with the latest deal data, news, and analysis in direct lending. The deal, which...
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September 19, 2022, 07:14 AM
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HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced the final close of its second SBIC fund, HCAP Partners V, L.P. ("Fund"). The Fund was oversubscribed with total commitments of $353 million...
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September 19, 2022, 07:00 AM
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Churchill Asset Management, an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, announced that Carol Loundon has been appointed Deputy Chief Risk Officer.In this role...
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September 14, 2022, 08:00 AM
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Waterfall Asset Management announced the promotion of both Leo Wong and Keerthi Raghavan to Partner from Managing Director.Wong and Raghavan are based in the firm's New York office and join the six current Partners at the firm. Their promotions...
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September 14, 2022, 07:38 AM
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H.I.G. Capital announced that Benjamin Charon has joined the firm’s Capital Formation Group as a Managing Director, based in H.I.G.’s New York office.Charon will be responsible for business development and capital raising across H.I.G.’s global...
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September 07, 2022, 07:46 AM
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Thoma Bravo announced that it will be expanding its presence internationally with the opening of an office in London. Thoma Bravo's London office will join the firm's existing offices in San Francisco, Chicago and Miami, each of which have recently...
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September 06, 2022, 07:45 AM
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CenterOak Partners, a Dallas-based private equity firm, announced that Mark Langer has joined the firm as a Managing Director. Langer brings twenty years of middle market transaction experience to CenterOak and joins a team of now 24 professionals....
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September 02, 2022, 07:37 AM
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Apollo announced that Byron Vielehr has been named Partner and Chief Operating Officer (COO) of Apollo Asset Management, effective September 30th, 2022. Vielehr will work with the leadership team to shape and support the firm’s strategic growth plan...
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September 01, 2022, 07:59 AM
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According to an SEC filing, on August 26, 2022, Owl Rock Capital Corporation entered into an Amended and Restated Senior Secured Revolving Credit Agreement, which amends and restates in its entirety that certain Senior Secured Revolving Credit...
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September 01, 2022, 07:42 AM
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O2 Sponsor Finance, a division of Old Second National Bank, acted as Administrative Agent and Lead Arranger for $41.5 in senior secured credit facilities to support Borgman Capital's portfolio company Gilman Cheese Corporation in its acquisition of...
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August 22, 2022, 07:42 AM
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Star Mountain Capital announced that Jack Le Roy has joined as a Managing Director. A differentiating factor of Star Mountain’s investor-aligned business is that 100% of its team as well Senior Advisors / Operating Partners share in the investment...
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August 19, 2022, 08:00 AM
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Thompson Street Capital Partners (“TSCP”), a private equity firm focused on investing in founder-led middle market businesses, cloed its sixth committed capital investment fund, Thompson Street Capital Partners VI LP (“TSCP VI” or the “Fund”). The...
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August 16, 2022, 07:21 AM
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Mitsubishi UFJ Financial Group (MUFG) announced the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions. The...
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August 12, 2022, 08:07 AM
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H.I.G. Capital announced that Carlos Soto has joined the firm as a Managing Director and Head of U.S. Private Equity Business Development.Soto will be responsible for leading the business development and transaction origination efforts for all of H.I...
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August 12, 2022, 07:41 AM
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Global investment firm The Carlyle Group announced changes in its executive leadership team. With Chief Executive Officer Kewsong Lee’s five-year employment agreement coming to a close at the end of 2022, both the Company’s Board of Directors and Mr....
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August 08, 2022, 08:02 AM
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StepStone Group, a global private markets investment firm, announced the final closing of StepStone Capital Partners Fund V (“SCP V” or “the Fund”), its fifth dedicated co-investment fund, raising $2.36 billion of commitments.Through SCP V, StepStone...
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August 08, 2022, 07:16 AM
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J.C. Flowers & Co. completed fundraising for its fifth private equity fund, J.C. Flowers V L.P. (together with parallel vehicles, "JCF V"), with more than $1.1 billion in commitments.Limited partners in JCF V represent a diverse group of corporate...
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August 05, 2022, 07:20 AM
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Balbec Capital, a global alternative asset manager with over $11 billion in platform assets, announced the closing of its fifth global flagship fund, InSolve Global Credit Fund V, L.P. (the “Fund” or “IGCF V”), with total commitments of over $1.5...
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August 04, 2022, 07:10 AM
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Apollo Investment Corporation announced several transformative changes which reinforce the Company’s position as a senior secured middle market business development company creating an institutional-quality offering with an attractive dividend yield...
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August 02, 2022, 08:10 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments across 58 transactions during the second quarter of 2022 and approximately $31.8...
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July 28, 2022, 08:04 AM
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First Eagle Alternative Credit ("FEAC" or “the Firm”), the $21 billion credit platform of First Eagle Investments, closed its fifth direct lending fund at over $1 billion in total available capital, including leverage (the “Direct Lending Fund V”)....
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July 28, 2022, 07:58 AM
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The Global M&A Network announced the winners of the 14th Annual Turnaround Atlas Awards, naming national interim management and advisory firm SierraConstellation Partners (“SCP”) as the winner of “Private Equity Deal of the Year” for their work with...
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July 26, 2022, 07:09 AM
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White Oak Global Advisors acted as the lead arranger for a $130 million senior secured term loan to Trecora Resources ("Trecora"), a Texas-based provider of petrochemicals, petrochemical manufacturing products and specialty waxes. Proceeds from the...
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July 22, 2022, 07:57 AM
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Oaktree and 17Capital announced the completion of Oaktree’s acquisition of a majority interest in 17Capital, as previously announced on March 9, 2022.
17Capital specializes in providing non-dilutive capital to high-quality private equity management...
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July 20, 2022, 07:47 AM
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Napier Park Global Capital announced that C. Lance Davis, most recently Treasurer at Trinity Industries, Inc., will join the firm as a Managing Director and senior member of Napier Park’s Real Assets investment team.Jim O’Brien, Chief Executive...
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July 19, 2022, 07:18 AM
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NXT Capital closed a senior credit facility in support of Tenex Capital’s acquisition of Oliver Inc. NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.“We are pleased to work with the NXT...
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July 14, 2022, 07:28 AM
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H.I.G. Capital announced Alejandra Arguello has joined the firm’s Capital Formation Group as a Managing Director, based in New York City.Arguello will be responsible for business development and capital raising across H.I.G.’s global credit platform....
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July 11, 2022, 07:46 AM
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Varagon Capital Partners announced that funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of the Firm. The strategic partnership is expected to support the growth of Varagon’s lending...
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July 01, 2022, 08:05 AM
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Victory Park Capital announced the final close of its latest fundraise for its Asset Backed Opportunistic Credit strategy (the “Fund”). The Fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed...
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June 14, 2022, 07:48 AM
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Atalaya Capital Management announced that Elm Park Capital's experienced team of credit investment professionals will join Atalaya in the new Atalaya Crescent office, located in the financial center of Dallas. The Elm Park team will strengthen...
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June 13, 2022, 08:00 AM
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MidOcean Partners, a New York–based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced that Erik Oken, former Global Chairman of Investment Banking at JP Morgan, has joined the firm as...
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June 06, 2022, 07:45 AM
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Vida Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, announced that Jeffrey Zinn has joined the firm as Managing Director, Private Credit. Zinn will be based in New York and report to David Gussmann, Senior...
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June 06, 2022, 07:20 AM
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Alvarez & Marsal (A&M) appointed John Scerbo as a Managing Director with the firm’s Private Equity Performance Improvement (PEPI) group. Concurrently, A&M is establishing Fund Management Solutions, led by Scerbo, as a new offering under its CFO...
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May 31, 2022, 07:13 AM
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Kian Capital Partners, a middle-market focused private investment firm, announced the addition of three new team members to support the firm’s continued growth. Thomas Bullock and Doyle Silvia join the firm as Associates, and Mikaela Palma as Senior...
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May 26, 2022, 07:17 AM
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Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, announced the final close of the AG Credit Solutions Fund II, L.P. (the “Fund”) with $3.1 billion of equity commitments, exceeding the Fund’s $3.0...
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May 25, 2022, 07:45 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Gemspring Capital’s (“Gemspring”) acquisition of GoldenSource Corp. (the “Company”), a provider of Enterprise Data...
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May 25, 2022, 06:00 AM
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Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that it has made a $150 million investment in Swedish specialty lender, IMH. The investment includes the...
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May 24, 2022, 07:00 AM
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Greenberg Traurig continues the strategic expansion of its Private Funds Group with the addition of Curtis Stefanak, an experienced fund formation and investment management attorney, as client demand for private investment funds remains...
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May 12, 2022, 07:43 AM
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Monroe Capital announced the final close of its Monroe Capital Opportunistic Private Credit Fund I (“Fund”) with approximately $500 million of investable capital, including targeted fund leverage. The Fund has limited partner commitments from over 75...
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May 11, 2022, 08:07 AM
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White Oak Global Advisors provided a $21.3 million senior credit facility to Omni Recycling (“Omni”), a leading single-stream recycling and waste disposal company. The transaction supported Salt Creek Capital’s (“Salt Creek”) acquisition of the...
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May 10, 2022, 07:26 AM
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Spouting Rock Asset Management, a multi-boutique manager platform providing investment solutions and services, announced Marc Brookman, an industry veteran with more than 30 years of experience, is joining the firm as Chief Executive Officer. As part...
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May 06, 2022, 07:22 AM
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Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.0 billion in U.S. direct lending commitments across 54 transactions during the first quarter of 2022 and approximately $35...
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April 28, 2022, 08:00 AM
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Ares Management Corporation announced that its subsidiary, Ares Capital Management LLC, has entered into a definitive agreement to acquire, on behalf of funds managed by the Ares Credit Group, the Middle Market Lending portfolio (the “Portfolio”)...
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April 26, 2022, 08:00 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization and future growth of Dealer Services Network (“DSN”) by private equity sponsor Frontenac.Based in Deerfield...
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April 26, 2022, 07:40 AM
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Alvarez & Marsal (A&M) appointed Randy Fike, as a Managing Director with its Private Equity Performance Improvement (PEPI) practice. Fike’s joining reinforces A&M’s ability to help private equity (PE) clients protect their investment thesis, on...
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April 22, 2022, 07:20 AM
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DLA Piper continues to make substantial investments in its globally recognized Private Equity practice with the addition of lateral partners Harris Eisenberg, Alex Plakas, Nathan Wilda and Drew Rosenberry, along with several other partners and...
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April 22, 2022, 07:08 AM
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Adams Street Partners, a private markets investment management firm with more than $51 billion of assets under management, successfully completed fundraising for its second Private Credit program (PC II), closing the oversubscribed program with more...
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April 15, 2022, 07:37 AM
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Summit Park, a Charlotte-based lower middle market private equity firm, announced recent promotions at the firm.Jason Carlock, Drew Gilbert, Rachel Hannon, and Mike York have all been promoted to Partner. Chris Cotton has been promoted to Financial...
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April 15, 2022, 07:10 AM
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Ares Management Corporation announced the launch of Ares Private Markets Fund (the “Fund”), a new registered, continuously offered, non-traded, closed-end fund that intends to invest in an actively managed portfolio of private equity and other...
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April 06, 2022, 07:53 AM
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Golub Capital acted as Left Lead Arranger and Administrative Agent on a $1.3 billion unitranche facility to finance CVC Capital Partners’ acquisition of a controlling interest in Radwell International, Inc. from Greenbriar Equity Group. Greenbriar...
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April 06, 2022, 07:38 AM
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Ares Capital Corporation increased commitments under its Revolving Credit Facility to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo...
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April 05, 2022, 08:07 AM
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Angelo Gordon announced that Alan Isenberg, former Head of Product Strategy and Marketing at Neuberger Berman, has joined the firm as Global Head of its Client Partnership Group. In this role, he is responsible for leading the firm’s worldwide client...
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April 04, 2022, 08:05 AM
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Castlelake, a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, named Joe McConnell and Isaiah Toback as Deputy Co-Chief Investment Officers and Brad Farrell as Chief Operating Officer. Mr....
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April 01, 2022, 08:06 AM
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First Eagle Investments announced a definitive agreement to acquire Napier Park Global Capital. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and...
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March 31, 2022, 08:00 AM
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H.I.G. Capital, a leading global alternative investment firm with $48 billion of capital under management, announced the expansion of its dedicated Infrastructure team with the addition of Antonio Botija as a Managing Director in H.I.G.’s London...
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March 31, 2022, 07:51 AM
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Comvest Credit Partners, a provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $109 million senior secured credit facility to Oceans Healthcare, a Plano, Texas-based provider of...
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March 30, 2022, 07:22 AM
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GHK Capital Partners, a leading middle-market private equity firm, announced the final closing of GHK Fund I (the “Fund”). GHK accepted $410 million in aggregate capital commitments, exceeding its initial target of $350 million and surpassing its...
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March 24, 2022, 07:33 AM
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Brightwood Capital Advisors, a private credit firm focused on providing capital to growing North American middle market businesses, completed another very strong investment year in 2021, one of its most active investment periods in the firm's 12-year...
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March 23, 2022, 08:05 AM
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MidOcean Partners, a New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today senior-level promotions in its credit business, including Robert (Tripp) Sullivan to the...
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March 23, 2022, 07:59 AM
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GTCR, a leading private equity firm founded in 1980, made a number of leadership appointments to further support its growth. Several experienced and long-tenured members of the firm have been appointed to assume additional responsibility leading the...
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March 15, 2022, 07:02 AM
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MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated $15.6 billion in private placement debt and private structured credit across 247 transactions in 2021. This included $3.0 billion of investments...
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March 10, 2022, 08:08 AM
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Hildene Capital Management, an asset management firm focused on distressed and event-driven opportunities within credit, has entered into a strategic relationship with Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. In...
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March 01, 2022, 08:01 AM
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Churchill Asset Management announced that Bennett (Ben) Love has joined the firm as Principal and Head of Fund Finance.In this newly created role, Love will be responsible for the development of Churchill’s overall leverage strategy, as well as the...
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March 01, 2022, 07:37 AM
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Monroe Capital announced record investment activity for 2021. The firm closed in excess of $6.3 billion in new financing commitments across 131 separate transactions. Monroe’s assets under management increased by 35% to $12.7 billion as of December...
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February 28, 2022, 08:00 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested $2.7 billion to support the growth of middle market and private equity-backed companies in 2021.Bain Capital Credit’s Private Credit Group invested in more than 100...
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February 22, 2022, 08:00 AM
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Blue Owl Capital has entered into a definitive purchase agreement to acquire Wellfleet Credit Partners LLC ("Wellfleet") from affiliates of Littlejohn & Co., LLC ("Littlejohn"). The transaction is expected to close in March 2022 and is subject to...
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February 17, 2022, 08:06 AM
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Ares Management Corporation announced that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction...
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February 17, 2022, 07:58 AM
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Boathouse Capital announced three promotions in 2022. Colin Raws has been promoted to Partner. Matt Carey and Matt Pulos have been elevated to Senior Associates. Colin Raws has been promoted to Partner, where he’ll start to play a larger role inside...
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February 16, 2022, 07:00 AM
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PineBridge Investments, a global asset manager, announced the final close of PineBridge Private Credit II (“Fund II”) as of 31 January 2022, as part of the firm’s lower-middle-market direct lending strategy. Together with separately managed account...
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February 04, 2022, 07:29 AM
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Antares announced record 2021 performance supporting the growth and refinancing initiatives of new and existing borrowers within the healthcare and technology sectors.In 2021, Antares closed more than 90 transactions for middle market...
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February 03, 2022, 08:10 AM
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J.C. Flowers announced that banking industry veteran Louis Vachon has joined the firm as an Operating Partner, effective immediately.Most recently, Vachon was President and CEO of National Bank of Canada, based in Montreal, a position he held from...
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January 24, 2022, 08:00 AM
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RBC GAM added two new U.S. Sales Directors to strengthen its sales force.James Vigue joined RBC GAM’s U.S. Intermediary Sales Team on Jan. 10, as Midwest Sales Director. In this role, James will be responsible for leading RBC GAM’s Intermediary sales...
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January 24, 2022, 06:00 AM
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MidOcean Partners announced that Jamil Nathoo is joining the firm as a Managing Director of MidOcean Credit. In this role, he will be responsible for expanding MidOcean’s institutional relationships and CLO platform. Mr. Nathoo recently served as...
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January 21, 2022, 07:06 AM
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Antares Capital announced that Monica Kelsey has joined the firm as Chief Financial Officer and Benjamin Concessi will join as Head of Strategy and Corporate Development, a new role.“We are excited to have Monica and Ben be a part of the Antares team...
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January 20, 2022, 07:10 AM
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Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed $3.5 billion to private equity sponsors in support of healthcare transactions last year, completing 60 healthcare transactions across 33 subsectors....
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January 13, 2022, 07:51 AM
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Apollo Debt Solutions BDC has launched with more than $1 billion in assets under management. On Friday, January 7, the Fund broke escrow with approximately $657 million in equity net proceeds for its continuous public offering (the “Offering”). In...
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January 12, 2022, 08:00 AM
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Mizuho Americas signed an agreement to acquire Capstone Partners, a leading independent, middle-market placement agent focused on fundraising and advisory services to private equity, credit, real assets, and infrastructure investment firms. Financial...
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January 12, 2022, 07:51 AM
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Spouting Rock Asset Management announced an agreement to merge with Old Hill Partners Inc. (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses. A newly formed subsidiary of...
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January 10, 2022, 08:06 AM
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Ares Management Corporation announced that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly...
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January 10, 2022, 08:05 AM
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Blue Owl Capital, a leading alternative asset manager, will bring its institutional quality middle-market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers...
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January 07, 2022, 08:07 AM
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Hunter Point Capital (“HPC”), an investment firm focused on taking minority stakes in middle-market alternative asset managers, announced a strategic investment in Iron Park Capital (“IPC”), a global alternative investment manager with deep...
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January 07, 2022, 07:40 AM
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Audax Private Debt announced that Bradley Patton has joined as a Managing Director and will be overseeing Capital Markets for the Private Debt Origination platform. Based in New York, Mr. Patton will be responsible for leading capital markets and...
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January 06, 2022, 06:00 AM
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Ares Commercial Finance (“ACF”) announced that it has led the financing of a $210 million senior secured cross-border revolving line of credit to MicroStar Logistics (“MicroStar”), a portfolio company of Freeman Spogli. The credit facility provides...
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January 05, 2022, 08:00 AM
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Yieldstreet announced a new private equity strategy that offers retail investors the opportunity to gain exposure to direct equity investments in alternative asset managers.An alternative asset manager, such as a private equity firm, is itself a...
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December 28, 2021, 07:12 AM
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Ares Management Corporation raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million...
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December 16, 2021, 07:52 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Arranger, it provided a unitranche credit facility to support the acquisition of PracticeTek by investment funds affiliated with Lightyear Capital, a New York-based private equity...
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December 15, 2021, 07:09 AM
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KBRA, a full-service global rating agency, entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company. KBRA is the largest global credit rating agency founded in the...
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December 14, 2021, 07:57 AM
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Annaly Capital Management has promoted Ilker Ertas to Chief Investment Officer effective immediately. He will continue to report to David L. Finkelstein, Annaly’s Chief Executive Officer and a member of the Company’s Board of Directors, who...
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December 14, 2021, 07:38 AM
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Ares Management Corporation announced the final closing of Ares Senior Direct Lending Fund II (“SDL II” or the “Fund”). With total equity commitments of approximately $8 billion, SDL II was significantly oversubscribed relative to its initial target...
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December 13, 2021, 08:02 AM
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Jefferies Credit Partners, the asset management arm of Jefferies Finance, appointed Steve Marino as Head of Investor Solutions. Jefferies Finance is a joint venture of Jefferies Financial Group Inc. and MassMutual.In the newly created role, Marino...
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December 13, 2021, 07:57 AM
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the refinancing of Rainshadow Labs by Westhook Capital Partners. Founded in 1983 and headquartered...
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December 13, 2021, 07:24 AM
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Transom Capital Group, a leading operations-focused middle market private equity firm, acquired Wolters Kluwer’s Legal & Regulatory U.S. Legal Education business, and the business has been renamed to Aspen Publishing (“Aspen” or the “Company”), a...
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December 03, 2021, 08:05 AM
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Hercules Capital announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record...
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November 29, 2021, 08:00 AM
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Antares is acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s (“CVC”) investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including...
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November 24, 2021, 07:54 AM
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Spouting Rock Asset Management, a multi-boutique manager platform providing investment solutions and services, announced a joint venture with Bell Asset Management, an Australia-based global equities specialist manager.The strategic partnership will...
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November 22, 2021, 09:00 AM
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Oaktree Capital Management announced the successful final close of Oaktree Opportunities Fund XI and its related vehicles (“Opps XI” or “the Fund”), with total capital commitments of $15.9 billion. Opps XI is Oaktree’s largest fund in history...
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November 22, 2021, 07:57 AM
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Yieldstreet, a leading multi-asset alternative investment platform, announced that Deloitte ranked it once again among the fastest growing technology companies in the U.S. as part of its annual Technology Fast 500 List. Yieldstreet is featured among...
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November 19, 2021, 07:40 AM
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Bank of the West, part of BNP Paribas Group, led the financing for the acquisition of Ste. Michelle Wine Estates by the private equity firm Sycamore Partners Management (SPM). SPM purchased Ste. Michelle Wine Estates for $1.2 billion, making it the...
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November 18, 2021, 07:52 AM
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Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, and Blackstone jointly announced a new partnership in which funds managed by Blackstone GP Stakes will acquire a minority ownership interest in Great Hill...
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November 18, 2021, 07:00 AM
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Sound Point Capital Management acted as Administrative Agent on a first lien senior secured credit facility to Lindsay Precast, a premier North American concrete manufacturer specializing in precast concrete products. Funding provided by Sound Point...
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November 18, 2021, 06:44 AM
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Taylor Morrison Home Corporation, the nation's fifth largest homebuilder, and Värde Partners, a leading global alternative investment firm, have entered into a land banking facility agreement and agreed to a joint venture, opening more than $1...
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November 17, 2021, 07:06 AM
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H.I.G. Capital ("H.I.G."), announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance Pier 33 (the “Property”), a 286-unit, newly-developed, Class A, apartment complex located along the Cape Fear River in Wilmington, North...
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November 16, 2021, 07:14 AM
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Turning Rock Partners, a New York-based private investment firm, is expanding its platform with key hires across the organization. Notably, TRP has hired Catherine Bonelli to be its new Chief Financial Officer (CFO). Bonelli brings more than 30 years...
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November 12, 2021, 07:24 AM
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NXT Capital closed a senior credit facility in support of Frontenac’s acquisition of EFC International. NXT Capital acted as the Administrative Agent and Sole Lead Arranger on this transaction. EFC International, headquartered in St. Louis, is a...
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November 09, 2021, 07:18 AM
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Blackstone announced the formation of its Structured Finance Group, which brings together Blackstone Real Estate Debt Strategies (“BREDS”) and the firm’s various asset backed finance activities. Jonathan Pollack, currently the Global Head of BREDS...
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November 04, 2021, 08:00 AM
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Vibrant Capital Partners, a leading alternative credit investment manager, announced that it has bolstered its Structured Credit Investment and Business Development teams with two hires as the Firm continues to expand its investing, marketing, and...
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November 04, 2021, 05:00 AM
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Boathouse Capital announced the successful completion of Fund III. The firm remains focused on being a value-added growth partner to businesses within SaaS/software, technology-enabled services and healthcare IT/services."Our track record of success...
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November 02, 2021, 07:29 AM
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.2 billion in...
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October 29, 2021, 08:06 AM
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Private equity fund managers are accelerating deal timelines in an effort to win bids, and more than half say uncovering risk during due diligence is a main challenge to closing deals, according to BDO’s Fall 2021 Private Capital Pulse Survey.The...
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October 29, 2021, 07:54 AM
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Ares Management Corporation announced the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distribution, marketing and client management activities across Ares’ investment offerings in the global wealth...
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October 25, 2021, 07:40 AM
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Simi Capital Group (SCG), a real estate investment firm focused on various equity and debt strategies, announced the $19 million acquisition of a Staten Island industrial property in partnership with Cerberus Capital Management, a global leader in...
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October 25, 2021, 07:17 AM
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Audax Private Debt, as Joint Lead Arranger and Bookrunner, provided a unitranche credit facility to support the acquisition of Genesee Scientific (“Genesee” or the “Company”) by LLR Partners, a Philadelphia-based private equity firm focused on...
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October 25, 2021, 07:06 AM
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Ares Management Corporation announced the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger...
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October 18, 2021, 08:00 AM
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Kian Capital Partners, a middle-market focused private investment firm, announced that Ulrich Erasmus has joined the firm as a Vice President to support the firm’s continued growth. Ulrich will be based in Charlotte and work closely with Kian...
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October 15, 2021, 07:06 AM
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Antares Capital announced that Timothy Lyne, founding partner and current Chief Operating Officer (COO), will succeed David Brackett as Chief Executive Officer (CEO). Brackett announced that he will be retiring from his role as CEO on December 31...
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October 12, 2021, 08:05 AM
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KKR & Co. announced that Joe Bae and Scott Nuttall have been appointed Co-Chief Executive Officers, and Co-Founders Henry Kravis and George Roberts will remain actively involved as Executive Co-Chairmen of KKR’s Board of Directors. The leadership...
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October 11, 2021, 08:00 AM
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FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, has added to its team two experienced professionals with expertise in...
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October 07, 2021, 08:00 AM
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LibreMax Capital, an asset management firm specializing in structured products and corporate credit, announced the successful closing of its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, LP, with total capital commitments of...
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October 06, 2021, 07:33 AM
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Teacher Retirement System of Texas (“TRS”) and CIFC Asset Management LLC (“CIFC”) have announced the creation of a new leveraged loan investment fund platform known as Texas Debt Capital LP (“TDC”). A CIFC affiliate is the general partner and...
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October 04, 2021, 08:12 AM
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Angelo Gordon announced that Scott Soussa, Senior Managing Director at Blackstone and formerly co-Head of BAAM’s Strategic Capital Group, will be joining the firm as Chief Strategy Officer in April 2022. In this new role, Soussa will report to Josh...
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September 30, 2021, 07:45 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Care Advantage by Searchlight Capital Partners (“Searchlight”), a New York-based private equity...
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September 17, 2021, 07:28 AM
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Sycamore Tree Capital Partners, a specialist asset manager with private and alternative credit investment expertise, announced that Paul Travers will join the firm as a Managing Director and Portfolio Manager, effective September 9, 2021. In this...
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September 13, 2021, 07:09 AM
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Crayhill Capital Management announced the final close of Crayhill Principal Strategies Fund II ("Principal Strategies II") with approximately $820 million of capital commitments. Principal Strategies II closed at its hard cap with support from a...
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September 08, 2021, 07:38 AM
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Ares Management Corporation announced today John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling...
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September 07, 2021, 07:10 AM
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Main Street Capital recently invested a total of $26.0 million in first lien, senior secured term debt in two existing portfolio companies.Main Street recently completed a follow-on investment in OMi Holdings, Inc, ("OMi") to support a...
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September 07, 2021, 07:07 AM
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TSG Consumer Partners promoted Alex Gilmore and Kelly Pease to Vice President. Mr. Gilmore and Ms. Pease are based in London and New York, respectively.“Alex and Kelly have made significant contributions evaluating new investment opportunities and...
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August 30, 2021, 07:00 AM
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Star Mountain Capital closed its $290 million (including assumed SBA leverage available) SBIC fund with support from new and existing limited partners including banks, strategic asset management firms, family offices and sophisticated individuals...
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August 20, 2021, 07:04 AM
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Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") provided a CAD$130 (US$103 million) senior facility to a company based in Western Canada specializing in crane and heavy haul services.
The senior facility was...
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August 17, 2021, 07:34 AM
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Harmony Biosciences Holdings, a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, and Blackstone entered into a strategic financing collaboration where funds managed...
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August 12, 2021, 07:06 AM
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Antares announced that it closed 139 transactions totaling almost $11 billion in financing commitments to middle market private equity-backed companies in the first half of 2021.“Antares’ performance in the first half of 2021 illustrates the...
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July 30, 2021, 08:10 AM
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $9.0 billion in...
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July 30, 2021, 07:59 AM
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Star Mountain Capital closed a $225 million asset-based leverage facility from top quality institutional investors led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers...
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July 23, 2021, 08:00 AM
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Varagon Capital Partners is serving as Administrative Agent, Joint Arranger and Joint Bookrunner on a senior secured credit facility to support Knox Lane’s investment in Any Hour Services (Any Hour).Founded in 1961, Any Hour is a market-leading home...
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July 23, 2021, 07:11 AM
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Alternative investment manager Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 million and $15 million secured by performing and non-performing...
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July 20, 2021, 08:08 AM
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Alterna Capital Solutions (ACS), a specialty and alternative financier to high-growth small businesses, will support deal origination for a lower middle market private equity fund controlled by its affiliate, Alterna Equity Partners (AEP). The fund...
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July 20, 2021, 07:58 AM
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RLH Equity Partners (RLH), a leading middle market private equity investment firm focused on high growth enterprises, added two individuals to the firm — Mark Gartner as a Principal focused on Investment Development and Madeline Ganey as an Associate...
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July 20, 2021, 07:39 AM
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H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced the closing of its latest direct lending strategy, H.I.G. WhiteHorse...
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July 19, 2021, 08:11 AM
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Oxford Financial Group, Ltd. announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500...
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July 19, 2021, 08:00 AM
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Antares Capital announced that Jeffrey Stammen will join the firm as Managing Director, Head of Investor Coverage in Asset Management.Stammen will report directly to Vivek Mathew, Head of Asset Management and Funding, and lead the company’s efforts...
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July 08, 2021, 07:48 AM
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Marathon Asset Management closed a $155 million senior credit facility for Avenger Flight Group, a leading independent provider of enterprise flight training solutions to aviation clients worldwide. Marathon anchored the loan alongside three other...
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July 07, 2021, 07:33 AM
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PennantPark Investment Advisers announced the successful closing of its fifth comingled fund, PennantPark Senior Credit Fund Levered, LP (“PSCF-Lev” or the “Fund”), securing $460 million in additional investment capacity and taking another...
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July 01, 2021, 07:34 AM
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Ares Management announced that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector. Ares employs a global flexible private capital strategy that invests in...
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June 30, 2021, 08:10 AM
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H.I.G. Capital announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance the lease-up of 3880 N. Mission (the “Property”), a 39-acre, 1.5 million square foot site with 1.2 million square feet of distribution and warehouse...
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June 29, 2021, 07:00 AM
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BlackRock TCP Capital announced the extension of its SVCP Credit Facility by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base...
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June 25, 2021, 07:14 AM
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Palladium Equity Partners announced that Meahgan O'Grady has joined the firm as Director of Business Development, a newly-created position.In her new role, Ms. O'Grady will work with all of Palladium's deal teams on sourcing and origination...
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June 23, 2021, 07:54 AM
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Victory Capital Holdings announced that its wholly owned investment adviser, Victory Capital Management Inc., has established exclusive agreements with both Nasdaq and crypto-focused asset manager Hashdex Ltd. (“Hashdex”) in advance of plans to enter...
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June 10, 2021, 07:40 AM
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Ares Management Corporation announced that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the...
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June 04, 2021, 06:14 AM
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Churchill Asset Management has forged a strategic alliance with Hunter Point Capital, an independent investment firm focused on taking minority stakes in General Partners (GPs) targeting middle market private equity, credit, real estate and...
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June 02, 2021, 07:30 AM
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Raymond James hired Blake Otté as a managing director in its Financial Sponsors Investment Banking group. Based in New York City, Otté will help private equity (PE) firms leverage Raymond James’ industry insight, execution expertise and long-standing...
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May 25, 2021, 07:54 AM
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”), a leading real estate...
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May 24, 2021, 07:34 AM
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Cerberus Capital Management announced that Brian H. Hook has been appointed Vice Chairman of Cerberus Global Investments, LLC, an affiliate of Cerberus focused on international business and investment strategies.In this role, Mr. Hook will have a...
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May 24, 2021, 07:30 AM
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BC Partners Credit announced its strategic alignment with Tom Glover in his role as Operating Advisor to BC Partners Credit, whereby he will advise BC Partners Credit’s (“BCP Credit”) GP and NAV-based financing strategy, addressing private equity’s...
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May 17, 2021, 07:33 AM
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H.I.G. Capital completed a $225 million strategic minority investment into eHealth in the form of convertible preferred stock.Headquartered in Santa Clara, CA, eHealth operates a leading online marketplace offering consumers a broad choice of...
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May 17, 2021, 06:00 AM
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Accordion, a private equity-focused financial consulting and technology firm, has acquired Mackinac Partners, a leading financial advisory, restructuring, and operational turnaround firm. Accordion has experienced tremendous organic growth...
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May 13, 2021, 08:07 AM
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Ares Management announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not...
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May 11, 2021, 07:10 AM
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CIBC Innovation Banking provided financing solutions, including a Capital Call Line of Credit, to Maverix Private Equity (“Maverix”). The capital call facility provides Maverix with the flexibility to make investments in portfolio companies prior to...
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May 10, 2021, 08:00 AM
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Verizon and Apollo Global Management announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the...
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May 04, 2021, 08:10 AM
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group closed approximately $3.6 billion in commitments across 45...
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April 30, 2021, 08:00 AM
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Arent Fox expanded its Corporate & Securities practice with the addition of business law partner Stephen P. Hanson in the firm’s New York office. For 25 years, Steve has represented clients in the areas of private equity, mergers and acquisitions...
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April 30, 2021, 07:15 AM
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Jefferies Credit Partners announced the expansion of its capital formation capabilities and its investor relations team with the addition of two senior hires. Jefferies Finance is a joint venture of Jefferies Financial Group and MassMutual.Charles...
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April 29, 2021, 08:13 AM
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Big Shoulders Capital Chairman David Muslin has announced an expanded itleadership team as the company plans for the next generation of growth. Joe Prudden has been promoted to President of the company from Chief Financial Officer, Alex Mazer is...
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April 29, 2021, 07:43 AM
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Palladium Equity Partners, a minority-owned, middle market private equity firm with nearly $3 billion in assets under management, announced that Deborah Gallegos has joined the firm as a Managing Director.Ms. Gallegos brings to Palladium 25 years of...
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April 28, 2021, 07:30 AM
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MidCap Financial raised more than $800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene as well as pensions, sovereign wealth funds and other leading institutions.Proceeds from the raise...
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April 23, 2021, 08:00 AM
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Venture capital (VC) dealmaking started strong in the first quarter of 2021 with an uptick in mega-deals and increased participation of nontraditional investors, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on...
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April 15, 2021, 08:09 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 16.3% and revenue growth of 3.2% during the first two months of the first quarter of 2021. This compares to year-over-year earnings growth...
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April 14, 2021, 08:10 AM
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Palladium Equity Partners announced that Erick Bronner has joined the firm as Managing Director of Fundraising and Investor Relations.Bronner will build and cultivate Palladium's relationships with investors and oversee the firm's capital raising and...
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April 12, 2021, 05:19 AM
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Golub Capital BDC originated $234.7 million in new middle-market investment commitments during the three months ended March 31, 2021. Approximately 75% of the new middle-market investment commitments were one stop loans, 24% were senior secured loans...
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April 09, 2021, 07:55 AM
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Palladium Equity Partners announced that Nancy A. Mitchell has been named Chief Administrative Officer, a newly-created position. Ms. Mitchell joins Palladium from O’Melveny & Myers LLP, where she was a Partner.Ms. Mitchell brings to Palladium a...
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April 05, 2021, 07:15 AM
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the...
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April 01, 2021, 08:05 AM
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Antares acted as administrative agent on senior secured credit facilities to support the acquisition of 80/20 Inc. by MPE Partners.Based in Columbia City, IN, 80/20 Inc. is the originator and manufacturer of “The Industrial Erector Set,” a modular...
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March 30, 2021, 07:27 AM
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Slate Asset Management announced the acquisition of the Commercial Real Estate Business (“ACREG”) of Annaly Capital Management,(“Annaly”) for $2.33 billion. The acquisition includes a portfolio of performing real estate loans, debt securities and...
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March 26, 2021, 07:19 AM
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Hercules Capital announced that Hercules Adviser LLC (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has successfully closed its inaugural institutional private credit fund.“We are very pleased to announce that Hercules Adviser...
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March 25, 2021, 07:57 AM
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Orangewood Partners announced the successful close of Orangewood Fund II, L.P. with more than $200 million in equity commitments as well as approximately $100 million in equity across other vehicles. Orangewood has more than $500 million of total...
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March 25, 2021, 07:44 AM
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Antares launched its fifth annual outlook survey, Compass 2021 presenting analysis of perspectives on the middle market from portfolio companies, private equity sponsors and investors.The report suggests confidence in the U.S. economy and private...
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March 23, 2021, 07:42 AM
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Osceola Capital was named a 2021 TOP 50 PE Firm in The Middle Market. Osceola's inclusion on the TOP 50 PE list affirms its position as one of the leading private equity firms in the middle market. In naming Osceola to its list, the TOP 50 PE Firms...
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March 19, 2021, 07:55 AM
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Antares Capital Advisers LLC, a subsidiary of Antares Capital LP announced the closing of the reset of Antares CLO 2017-1, Ltd., originally a $2.1 billion CLO that was upsized to $2.3 billion as part of the transaction. The upsize brings the...
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March 19, 2021, 07:15 AM
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Owl Rock Capital has received approval from the shareholders of each of its four requisite business development companies ("BDCs") for new investment advisory agreements related to the recently announced combination of Owl Rock and Dyal Capital...
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March 18, 2021, 06:00 AM
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Mitsubishi UFJ Financial Group (MUFG) announced the hiring of three senior bankers to augment its coverage of private equity sponsor clients and its direct lending business. The bank has hired Michael Klein and Keith Murray as Managing Directors of...
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March 17, 2021, 08:15 AM
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H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital, announced the final closing of H.I.G. Bayside Loan Opportunity Fund VI (the “Fund”). The Fund closed with aggregate capital commitments of $1.4 billion...
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March 08, 2021, 07:40 AM
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The Michaels Companies and funds managed by affiliates of Apollo Global Management, announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by affiliates of Apollo have agreed to acquire the...
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March 04, 2021, 07:55 AM
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SunTx Capital Partners, a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, was recently named one of Grady Campbell's Top 50 Private Equity Firms in the Middle Market for...
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March 04, 2021, 07:40 AM
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Alvarez & Marsal appointed Hameer Vaid as a Senior Director in the firm’s Private Equity Performance Improvement Group in New York. With close to 15 years’ experience working with private equity investors, Vaid’s focus on real estate significantly...
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March 03, 2021, 06:00 AM
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Ares Commercial Finance provided a $100 million senior secured revolving line of credit to support the acquisition of Easton Diamond Sports, LLC (“Easton”) by Rawlings Sporting Goods, Inc. (“Rawlings”), a portfolio company of Seidler Equity Partners....
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March 01, 2021, 08:07 AM
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AMP Limited and Ares Management Corporation announced that they have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure...
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February 26, 2021, 07:30 AM
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Churchill Asset Management announced promotions across the firm. Notably, Randy Schwimmer, Senior Managing Director, Head of Origination and Capital Markets, and Mathew Linett, Senior Managing Director, Head of Underwriting and Portfolio Management...
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February 23, 2021, 07:20 AM
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Ares Management provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.3 billion in commitments...
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February 12, 2021, 08:00 AM
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An indictment was unsealed on February 4, 2021 in federal court in Brooklyn charging three individuals affiliated with GPB Capital Holdings, LLC (“GPB”) with securities fraud, wire fraud and conspiracy. Defendants David Gentile, the founder, owner...
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February 08, 2021, 08:00 AM
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Gibraltar Business Capital (GBC) has created a reputation as the preferred ABL partner to private equity groups. When CriticalPoint Capital needed acquisition financing support, GBC was the natural fit. CriticalPoint Capital is a Los Angeles-based...
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February 08, 2021, 05:00 AM
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Antares closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market private equity-backed companies. In a record Q4, the firm closed 120 transactions with commitments of $9.3 billion, supporting the...
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January 29, 2021, 07:38 AM
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Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions...
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January 14, 2021, 08:15 AM
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Churchill Asset Management achieved record levels for the firm in both capital raising and investment activity in 2020. Churchill raised over $6.4 billion of new committed capital in 2020, more than doubling 2019 fundraising figures, with an...
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January 14, 2021, 05:15 AM
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Ares Management Corporation and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced the launch of Vmo Aircraft Leasing L.P. (“Vmo”), a newly-formed company to acquire and lease commercial aircraft. Funds managed...
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January 12, 2021, 08:00 AM
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Main Street Capital Corporation completed a new portfolio investment to facilitate the minority recapitalization of Bolder Panther Group, LLC (the "Company" or "Smoker Friendly"), one of the largest retailers of tobacco products in the United States....
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January 11, 2021, 07:48 AM
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Healthcare venture fundraising soared to $17 billion in 2020, a 57% increase over 2019's record, according to Silicon Valley Bank (SVB). Investment in venture-backed companies also rose to a new high of $51 billion.SVB's 10th annual Healthcare...
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January 07, 2021, 08:25 AM
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CBIZ CMF, the private equity consulting practice of CBIZ, Inc. and a leading national advisor to the middle market, announces it will operate under the new brand name of CBIZ Private Equity Advisory.Having supported more than 300 private equity firms...
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January 07, 2021, 07:47 AM
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Antares served as lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Logibec by Novacap. Headquartered in Montreal, Canada, Logibec is a Montreal-based healthcare software...
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January 07, 2021, 07:38 AM
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J.F. Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired CTS Engines...
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December 29, 2020, 07:09 AM
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Owl Rock Capital Group (“Owl Rock”) and the Dyal Capital Partners (“Dyal”) division of Neuberger Berman Group LLC (“Neuberger Berman”) announced they entered into a definitive business combination agreement with Altimar Acquisition Corporation...
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December 28, 2020, 09:30 AM
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PGIM Private Capital has completed fundraising for PGIM Capital Partners VI, L.P., surpassing its fundraising target with capital commitments of $2.23 billion. PGIM Capital Partners VI is more than 20% larger than Fund V, which closed in 2016. PGIM...
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December 22, 2020, 07:29 AM
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Antares served as lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Logibec by Novacap.Headquartered in Montreal, Canada, Logibec is a Montreal-based healthcare software company.“The...
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December 18, 2020, 07:51 AM
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