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

EQT completes sale of credit business to Bridgepoint
EQT has completed the sale of its €3.9 billion credit business segment to Bridgepoint

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

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

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

EQT undertakes strategic review of credit business
EQT has announced a review of its credit business with the firm appointing JP Morgan to evaluate its 'strategic options', according to the firm’s Q4 2019 report

Ares buys majority stake in Asian credit manager SSG
Ares has bought a majority, controlling interest in SSG Capital Management, an Asian alternative asset manager focused on private credit and special situations 

Azimut hires ex-Dyal official as it aims to buy minority equity in asset managers
Azimut will initially focus on acquiring minority stakes in alternative asset managers with under $3 billion AUM – including private credit, private equity, infrastructure and real estate firms

CarVal’s independence backed by five-year Cargill loan
CarVal Investors’ management buy-out from parent company Cargill will be financed with a five-year term loan from Cargill alongside equity contributions by management, documents seen by Creditflux reveal.

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

$1.8 billion manager Shelton buys credit manager Cedar Ridge
The $1.85 billion multi-asset manager has bought credit-focused firm Cedar Ridge Partners

HPS expands in distressed debt by taking over Dallas-based Tålamod
HPS Investment Partners has struck a deal to bring on board the investment team from Dallas-based distressed debt specialist Tålamod Asset Management

Goodhart unveils new platform to invest in private debt and equity firms
London-based Goodhart Partners has launched a new platform to focus on strategic minority investments, predominantly in private debt and private equity firms.

Pacific Current acquires stake in Chicago-based private debt manager
Sydney-headquartered Pacific Current Group has acquired a 24.9% stake in Chicago-based Victory Park Capital

Cerberus agrees to acquire €1.1 billion NPL portfolio from AIB
Allied Irish Bank has agreed to sell a €1.1 billion NPL portfolio to a consortium led by distressed debt specialist Cerberus 

Fidante acquires minority stake in credit fund manager Latigo
Fidante Partners has today announced that it has acquired a minority stake in Latigo Partners, a credit asset manager.

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Bain swoops for another portfolio in Italy
Bain Capital Credit has acquired yet another portfolio of assets from a European bank

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

Bain buys Italian loan book to make it 17 NPL portfolio acquisitions
Bain Capital Credit’s European team has now invested over €2.2 billion in non-performing loan portfolio acquisitions since 2011