Acquisition

The cash-and-stock deal calls for holders of MidCap Financial Investment Corp to receive a 30% premium to the pre-deal price.

The sale of super prime and prime loans will net Truist $7.2bn in proceeds, a 6.5% discount.

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

The North America-focused fund exceeded its $886m target, with the fundraise expanding its private credit platform.

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

The deal sees the existing minority shareholder take 80% of the European private credit business.