Breaking News

AlpInvest emerges as lead on Bain Capital’s $2bn CV

The multi-asset CV was among several billion-plus GP-led processes that hit the market last year as firms sought to generate distributions for LPs.

Blackstone beats expectations, lauds private credit ‘juggernaut’

COO Gray says Blackstone’s non-investment-grade and real estate credit earned ‘extraordinary results’ amid robust investor interest.

TPG Angelo Gordon runs $1.5bn-plus GP-led credit secondaries process

The process comes at a time of increased momentum for GP-led credit deals with a number $1bn-plus transactions closing last year.

LP-led pricing for credit secondaries reaches all-time high – Jefferies

LP-led deals made up 54% of the record $162bn of volume seen in 2024, with pricing improving across all asset classes, according to Jefferies’ Global Secondary Market Review.

Corinthia, with $5bn committed, looks to launch first fund by March

The London start-up looks to mid-market leveraged buyouts and receives SMA commitments.

Florida SBA’s sale shows credit secondaries are at start of significant ramp-up

The US public pension’s offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.

Partners Group eyes H1 2025 launch for joint evergreen model with BlackRock

The firm launched seven new evergreen funds in 2024, head of portfolio solutions Roberto Cagnati said during its business update and outlook call.

Tax Court: An LP is what an LP does (or doesn’t do)

Ruling finds that for tax purposes, a limited partner is a passive partner.

Credit looms large in Apollo promotions

James Zelter and John Zito are in the running to succeed CEO Marc Rowan, whose tenure is extended by five years.