Fund managers

BlackRock to snap up Preqin in £2.55bn deal  

Preqin is an independent private markets data provider.

Guggenheim closes on $1.2bn vehicle

The manager also announces the sale of its equity business to focus on core fixed income.

L&G offers private markets to 5.2m pension members

The move is the latest to offer private markets funds, including private credit, to a wider range of mass market investors.

US Supreme Court: Defendants have right to jury trial for securities fraud allegations

Case involving hedge funds lending to start-ups represents a blow to the SEC.

The rise of the first-out asset-based lending product

What are the advantages and disadvantages for lenders of the asset-based loan within a term loan, asks Charlie Perer.

Tikehau signs deal for Asian distribution and product development

The deal with Japan’s Nikko Asset Management is expected to significantly increase Tikehau’s presence in Asia.

Impact credit is on the rise

A growing number of managers are looking to private debt in pursuit of positive impact.

Atalaya holds first close on $1bn for special opps fund

The asset-based strategy for the ninth such fund is said to involve buying largely consumer credit vehicles

Ares targets $100bn AUM from private wealth fundraising by 2028

In recently paying fresh attention to private wealth, GPs, especially the largest ones, have discovered it represents a major opportunity.

HPS closes fund with $21.1bn of investable capital

The fundraise, one of private credit’s largest, has exceeded its target, and includes $14.3bn in commingled and other equity commitments.