Houlihan hires HarbourVest MD in GP-led secondaries push 
Dan Buffery joins the investment bank to help lead the firm’s North American GP-led secondaries advisory business

Balbec Capital buys UK bridging lender

Investcorp launches AI investment framework for private markets
The asset manager has rolled out targeted argentic AI use cases across its portfolio, such as autonomous research, origination and reporting tools, and more

First Eagle taps AlbaCore alum for alternative credit product sales
Edward Berry joins as a managing director in London and will help distribute the firm’s alternative credit products, including those under the Napier Park brand

AllianceBernstein, Brookfield, and Carlyle to offer private markets products for retirement plans
The three firms will offer a turnkey private markets product for retirement savers

Silver Rock Capital Partners corrals USD 4bn for private capital solutions strategy
The firm closed on more than USD 4bn for its latest Tactical Allocation Strategy vintage, which will invest in private corporate and real-asset debt across the credit cycle

Wafra backs European private credit manager with minority stake
The Kuwait-linked alternative asset manager made the investment in Ardian via its strategic partnership program

Morgan Stanley launches private market fund for European individual investors
The new product from Morgan Stanley Investment Management will invest across private equity, private credit, real assets and some public assets

Bow River Capital acquires asset-based lending firm
The acquisition will add a 12-person team and a strategy focused on providing private, asset-based loans to companies in the lower middle market

Neuberger Berman launches asset-based credit fund for wealthy investors
The latest private credit vehicle is structured as an interval fund and will offer wealthy US individual investors daily valuation and limited quarterly liquidity

CapitalLand expands into Australian private credit with Wingate deal
Singapore-based CapitalLand Investment has struck a deal to acquire both the corporate credit and property investment management businesses of Wingate Group

Ares strategy ‘links investing to purpose’ with 5-10% of profits donated to charity
Joel Holsinger at Ares Management has a proposition for investors: “We’ll make the same types of investments we’ve made historically for you, and we’ll contribute 5% to 10% of our profits to charity.”

White Oak hires from eCapital for ABL solutions team
White Oak Commercial Finance has hired two senior VPs from eCapital Corporation to work on ABL solutions for non-sponsored, middle market companies

Viola Credit partners with Apollo affiliate on USD 500m JV
Cadma Capital Partners has launched a joint venture with Viola Credit that will focus on making asset-based loans

German manager launches two new private credit fund-of-funds
YIELCO Investments, a German alternative asset manager, is planning a 2024 first close for two newly launched private debt fund-of-funds

Blue Owl scoops up Atalaya Capital for USD 450m
Private credit manager Blue Owl Capital is raising the stakes on its place in the USD 1.7trn global market with the purchase of asset-based credit specialist Atalaya Capital

17Capital opens offices in Dubai as demand for NAV financing grows
A growing global appetite for NAV finance has prompted London-headquartered credit specialist 17Capital to open a new office in Dubai

Gravis Capital prepares to launch inaugural private credit fund
Gravis Capital is preparing to launch its first private credit fund with a EUR 500m-equivalent target size

Davidson Kempner signs on to Alta digital exchange
Davidson Kempner Capital Management has entered a deal to offer access to its multi-strategy and ABL strategies through Alta