People

Launched with Morningstar’s blessing, the firm’s February securitisation has 435 underlying loans.

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

The private equity giant is understood to be aiming to raise more capital from insurers as they seek bigger allocations to private markets.

Former global client chief Mike Perry and alternatives products head Keith Jones have left the $1.3trn firm, which is targeting $2trn in assets by 2030.

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

He joins two others to lead asset-based credit, the fastest growing strategy

Pete Lyon and Mahesh Saireddy to play pivotal roles in its restructuring.

Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities.

Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.

The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.