North America

Ares raises $2.3bn for life insurance firm

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

Crestline closes $1bn direct lending CLO

The instrument sets a high bar for mid-market CLO closings in 2025.

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.

Fifth Circuit upends Serta uptier transaction

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

Akoustis, a wireless tech concern, enters bankruptcy

Under a decision by the Third Circuit appeals court, Akoustis may have to pay post-petition interest to debtors.

AEA’s Jung has a cautious view on 2025

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

MetLife eyes expansion into asset-backed finance

An expanded private debt platform is considered in the asset management unit’s quest for $1trn in AUM.

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.

Deerpath Capital resets and upsizes 2022 CLO to $724.7m

Fourth CLO issuance is doubled to become the largest CLO in the firm’s history.