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New report finds 2023 a record year for alternative credit M&A
3 months ago
A new report on “Acquisitions of Alternative Credit Managers” by credit specialist Gapstow forecasts that more M&A activity lies ahead for credit firms as they struggle with the challenges facing the broader investment management industry -
PGIM buys majority stake in direct lender Deerpath
11 months ago
PGIM has bought a majority interest in direct lending firm Deerpath Capital Management -
FS and Portfolio Advisors join forces to create $73bn asset manager
1 year ago
FS Investments and Portfolio Advisors have announced a merger in a deal which will see Portfolio Advisors become the institutional investment arm of FS -
Nassau adds $3.6 billion credit firm Angel Island to its platform
1 year ago
Under the deal, Angel Island will become a subsidiary of Nassau’s asset management unit, Nassau Asset Management -
Franklin Templeton wraps up deal for $35bn Alcentra
1 year ago
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra -
Nuveen strikes deal to buy European direct lender Arcmont
1 year ago
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management -
Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
1 year ago
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms -
Spac pricing hints at Sound Point's growth ambitions in loan market
2 years ago
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform -
Blue Owl reaches agreement to buy CLO manager Wellfleet
2 years ago
Blue Owl Capital, owner of Owl Rock Capital Partners a mid market CLO manager, has reached an agreement to buy Wellfleet Credit Partners from Littlejohn & Co -
Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
2 years ago
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners -
Bennett Goodman's Hunter Point buys stake in MidOcean
2 years ago
Hunter Point, which was launched by Blackstone Credit’s co-founder Bennett Goodman alongside Avi Kalichstein in 2020, has made its first investment and bought a minority stake in mid-market specialist MidOcean -
Sound Point looks to amplify mid-market offerings with BDC and CLOs
2 years ago
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business -
Update: Kayne to split from CLO and credit opps units
2 years ago
Kayne Anderson is set to spin out its CLO business -
Mid-market CLO manager sells minority stake to Aberdeen Standard division
3 years ago
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners -
Golub follows Sixth Street by suing Dyal over Owl Rock merger
3 years ago
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit -
Mount Logan completes mid market CLO acquisition for $3 million
3 years ago
Mount Logan Capital has completed the acquisition of management rights for two middle market CLO contracts from Garrison Capital. The firm disclosed in an announcement it paid $3 million for the transaction which included the two contracts plus ‘certain side letter agreements -
Sun Life Financial buys 51% stake in Crescent
3 years ago
Sun Life Financial has bought a 51% stake in credit manager Crescent Capital Group as part of its push into alternative credit -
Canadian direct lender takes on US mid market CLO
3 years ago
Toronto-based Mount Logan Capital is set to acquire portfolio management rights to a middle market CLO issued by Garrison Investment Group named Garrison MML CLO 2019-1. Pending investor approval, Mount Logan would become the first Canada-based firm to manage a US CLO -
Sun Life Financial in talks to buy Crescent Capital - report
3 years ago
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
3 years ago
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager -
Goldman Sachs in talks to buy minority stake in Permira
4 years ago
Goldman Sachs is looking to buy a minority stake in private equity firm Permira -
TPG in talks to split from credit arm TSSP - media reports
4 years ago
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 -
First Eagle buys US CLO manager THL Credit
4 years ago
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 -
EQT looks to raise €500 million via IPO
4 years ago
The initial public offering is anticipated to increase EQT's flexbility to “pursue growth opportunities” and expand its private market investing business -
Prospect's $500 million CLO fund merges with Stira Alcentra global credit fund
4 years ago
Prospect Capital Management’s $500 million closed-end CLO fund has officially merged with a global credit fund managed by Alcentra and Stira
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