Deals

Northleaf closes third fund with $1bn to invest

The vehicle’s final size includes SMAs and a rated note structured for insurance companies.

Blackstone allies with transportation infrastructure firm ITE Management

BXCI makes a minority investment in the alternatives manager.

Apollo to acquire Bridge, expand PE origination base

The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.

Tangible completes wealth management credit secondaries deal

The secondaries platform claims the deal will have significant ramifications for wealth managers looking to provide clients with private markets solutions.

Lenders expect more transactions in 2025

Deal numbers are already climbing, and a mixture of further bank disintermediation and changes in private equity sentiment are likely to lead to more transactions in 2025.

Fifth Circuit upends Serta uptier transaction

The decision increases uncertainties for creditors and distressed debtors contemplating liability management deals.

Blackstone expands its private wealth team

The manager has moved to sharpen its focus on retail investors and the financial adviser community.

European deal volumes fall back in Q3

Deal volumes declined slightly from highs seen in Q2 but strong deal activity is expected for the rest of the year.

Silver Point Specialty Credit Fund III closes on $8.5bn

The latest vehicle in Silver Point’s direct lending franchise, with leverage, was more than four times the size of its predecessor.

BC Partners Credit to acquire Runway Growth

Agreement, expected to close by end of 2024, gives BP Partners benefit of Runway’s expertise in ‘growth lending’.