Fundraising

Principal hires Greater China institutional head

Principal Asset Management says the new appointment will help expand its alternatives business, which focuses on private debt and real assets.

Ares raises $2.3bn for life insurance firm

Aspida, which also sells annuities, has grown to $19bn in assets with support from Ares.

Bonaccord closes its second GP stakes fund at $1.6bn

The fund closed well above its $1.25bn target and is twice as large as its predecessor.

Sixth Street snags $13bn of insurer’s assets to manage

Northwestern Mutual may increase the total, and will take a minority stake in the manager.

Carlyle raises $7.1bn for its third opportunistic credit fund

Credit Opportunities Fund III is Carlyle’s largest-ever credit fundraise, with ‘robust appetite’ for the strategy.

H.I.G. Capital closes $1bn opportunistic credit fund

The European distressed and special situations credit fund was smaller than its predecessor.