Acquisition

Generali forms Natixis venture, takes big stake in US direct lender

Insurer will control US manager MGG, and its JV with Natixis will create Europe’s largest asset manager by revenue.

Ares raises $2.3bn for life insurance firm

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

BlackRock acquires HPS Investment Partners in $12bn deal

The acquisition will create a $240bn private debt platform, the fifth largest of its kind.

Ares expands direct lending capabilities through Riverside Credit Solutions acquisition

Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.

Janus Henderson to acquire Victory Park

VPC brings an asset-backed business and litigation finance to the table.

Blue Owl to buy Atalaya, for $450m, by year’s end

Like its purchase of Prima in April, the transaction looks to expand Blue Owl’s footprint in private credit.

10 key trends: Bank capital releases

As banks seek to shed liabilities, there’s an opportunity for GPs to step in and pick up some bargains.

Blue Owl to pay $1bn total for insurance exposure in KAM, Kuvare deals

Purchase of boutique manager and life and annuity business adds $20bn to the firm’s AUM.

Holdco financing: A potential solution in a leveraged environment

In a highly leveraged market, holdco financings are becoming increasingly popular, but lenders need to be aware of some distinguishing features, say Proskauer’s Evan Palenschat and Eitan Goldberg.

TPG said to be in talks to buy Angelo Gordon

Claim fits with Winkelried’s declared priority to “add a credit strategy”.