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

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

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

Alantra buys 49% stake in European direct lender
Alantra has bought a 49% stake in European mezzanine and junior private debt manager Indigo Capital, which it says will consolidate its position in the French sponsorless market and accelerate its growth in Italy and other European geographies 

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

Eurazeo accelerates timeline to buy remaining 20% of Idinvest shares
Eurazeo has struck an agreement to accelerate its purchase of middle market firm Idinvest Partners before the end of 2020

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

Bain buys former Italian bank to strengthen NPL platform
Bain Capital Credit says it has bought an entity known as Hypo Alpe Adria from the Austrian government to strengthen its Italian non-performing loan business

Candriam agrees deal for Rothschild's European fund of fund business
Candriam has bought Rothschild’s “multi-management” business, representing €350 million of assets

Natixis's Ostrum and La Banque Postale AM merge to create €415 billion firm
Natixis has agreed to merge its Ostrum fixed income asset management arm with La Banque Postale's insurance-related asset management business

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 

Bridgepoint buys EQT's credit business - report
Bridgepoint is buying the credit business of EQT, according to the Financial Times

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.  

Jupiter in talks to buy Merian for £370 million
Jupiter Fund Management is in talks to acquire Merian Global Investors for £370 million ($482 million), according to a joint statement by the firms

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

Banco Sabadell joins forces with Amundi
Banco Sabadell and Amundi have announced a long-term strategic partnership, in a bid to boost fund business in Spain  

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