TIG delves into Asian credit following minority investment in Arkkan
New York-based asset manager TIG Advisors has bought a minority equity stake in Hong Kong-based alternative asset manager Arkkan Capital

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity

Onex swoops to buy $3.8 billion private credit manager
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

Ziegler buys stake in credit SMA specialist
Ziegler Capital Management has acquired a minority stake in a US credit asset manager that invests across investment grade, high yield and emerging market corporate bonds along with mortgage-backed securities

Blackstone buys $7.5 billion quantitative credit manager
Blackstone has bought DCI, a $7.5 billion technology-driven quantitative credit manager

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Sun Life Financial buys 51% stake in Crescent
Sun Life Financial has bought a 51% stake in credit manager Crescent Capital Group as part of its push into alternative credit

Morgan Stanley to buy Eaton Vance for $7 billion
Morgan Stanley is set to buy Eaton Vance for an equity value of $7 billion as part of a broader push into wealth management

Leucadia pushes into distressed debt as it seeds new manager
Leucadia Asset Management has made a push into special situations and distressed debt, with the Jefferies’ subsidiary announcing a strategic partnership with FourSixThree Capital. Leucadia will provide seed capital to newly formed FourSixThree, as part of that transaction

Sun Life Financial in talks to buy Crescent Capital - report
Canadian insurer Sun Life Financial is said to be in talks to buy credit manager Crescent Capital, according to a report by Bloomberg

Azimut purchases 20% stake in US private credit manager
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager

Mount Logan and Sierra take over management of Resource credit fund
Mount Logan Capital and Sierra Crest Investment Management, an affiliate of BC Partners Advisors, have agreed to take over management of the Resource Credit Income Fund, a US-based $240 million interval fund 

Goldman Sachs in talks to buy minority stake in Permira
Goldman Sachs is looking to buy a minority stake in private equity firm Permira

PE firms look to go it alone as credit units reach maturity
Private equity firms are starting to weigh up the merits of housing private debt businesses, with TPG Capital the latest to contemplate splitting with its credit business TPG Sixth Street. It follows EQT Capital, which announced a strategic review in January centred on parting ways with its credit unit.

Apollo ups stake in Athene to 35% through stock deal
Apollo Global Management is doubling its stake in Athene Holding to around 35% by exchanging $1.2 billion of common equity and buying $350 million extra of Athene stock

Pretium buys Latigo to boost distressed capabilities
Pretium Partners has bought the investment management business of New York-based Latigo Partners, in a bid to expand the firm’s distressed debt and event-driven credit capabilities. Terms of the transaction were not disclosed

Mid-market lender Comvest sells minority stake to Affiliated Managers

Comvest Partners has sold a minority equity stake to Affiliated Managers Group. Terms of the transactions were not disclosed.  

ArrowMark completes purchase of StoneCastle's asset manager
ArrowMark Partners has completed the acquisition of financial debt specialist StoneCastle Asset Management

Ares buys seven CLOs from Crestline Denali
Ares Management has bought management contracts for seven Crestline Denali CLOs

TPG in talks to split from credit arm TSSP - media reports
Private equity firm TPG is in talks to split with its credit arm TPG Sixth Street Partners, according to media reports, with TPG considering looking to launch and build out its own internal credit platform

Nuveen merges junior capital arm with Churchill to create $21 billion private markets platform
Nuveen, the asset management arm of TIAA, has combined its junior capital group with its mid-market private credit subsidiary Churchill Asset Management, in a move that will create a $21 billion private markets group

US insurer Aflac purchases minority stake in direct lender Varagon
Varagon Capital Partners has sold a non-controlling, minority stake of the firm to Aflac Global Investments, the asset management division of US insurance company Aflac Incorporated

Goldman Sachs AM merges public and private BDC
Goldman Sachs Asset Management has merged two of its business development companies: Goldman Sachs BDC, a $1.54 billion publicly traded BDC, and private BDC Goldman Sachs Middle Market Lending Corporation, which has $1.7 billion assets

First Eagle buys US CLO manager THL Credit
Two years after establishing its credit business with the acquisition of NewStar Financial, First Eagle Investment Management is aiming big again after striking a deal to buy THL Credit Advisors