BlackRock acquires HPS in USD 12bn deal
BlackRock has acquired HPS Investment Partners for USD 12bn in an all-stock transaction, creating a private credit franchise with a combined USD 220bn in client assets

VSS Capital Partners sells minority stake
VSS Capital Partners, which manages investments across US private debt and equity, has sold a minority stake to Pinnacle Investment Management Group

Fidelity Investments buys Fidelity International’s European CLO platform
Life has become a little simpler for CLO investors, as the two different Fidelity CLO platforms combine into one manager

Trump victory raises hopes for high yield markets, M&A revival
Leverage finance markets cheered Donald Trump’s win on the prospect the former president’s return to the White House will unleash deregulation and M&A, lower taxes and higher economy growth

Allianz and AlTi launch new private debt program for UHNWs
Allianz X has struck a joint venture with global wealth management firm AlTi Global to create a private debt investment program for ultra-high-net-worth investors

BC Partners acquires US venture cap lender
The direct lender acquired by BC partners provides loans to venture and non-venture companies and manages a BDC focused on VC lending

PSL acquired by investment bank Houlihan Lokey
London-based CLO valuation service Prytania Solutions Ltd. (PSL) has been acquired by investment bank Houlihan Lokey

Wendel announces purchase of majority stake in Monroe Capital
French investment firm Wendel announced on Tuesday it has agreed to acquire 75% of US private credit firm and CLO manager Monroe Capital for USD 1.13bn, as part of its planned expansion into third-party asset management.

Deals and prospective deals create optimism about European M&As
After years of lacklustre activity, M&A and LBO green shoots are emerging in Europe

Ares scoops up Riverside Credit Solutions for undisclosed amount
Ares Management has completed the purchase of lower middle market specialist Riverside Credit Solutions

Clearlake Capital agrees to buy MV Credit
Clearlake Capital has agreed to purchase European credit manager MV Credit Partners from Natixis Investment Managers

Janus Henderson inks deal to buy private credit manager Victory Park 

BNP Paribas announces negotiations to buy AXA IM
BNP Paribas said it entered exclusive talks to buy AXA's asset management unit and set-up a partership for EUR 5.1bn

Hayfin agrees to Arctos-backed management buyout
The management team at Hayfin Capital Management is taking over the company in a management buyout backed by Arctos Partners

Lloyds Bank joins forces with Oaktree for European direct lending platform
Lloyds Bank and Oaktree Capital Management have formed a new multi-year European direct lending facility

M&A activity on fire in private credit despite overall M&A slowdown
The M&A market has had a rough time in the past 12 to 18 months, but there’s one area that’s bucking the trend: private credit

Temasek’s asset manager to buy minority stake in a private credit firm
Seviora Holdings agrees to purchase Hong Kong-based ADM Capital for an undisclosed sum

New direct lending business formed after management buyout
503 Capital Partners, a new direct lending business, has been formed as part of a management buyout of Tortoise Capital Advisor's private credit arm

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

Hayfin raising new direct lending fund while narrowing potential buyer list
Hayfin Capital Management is fundraising a new European direct lending fund even as the UK asset manager narrows down a list of potential acquirers to buy the firm

Raymond James and Eldridge Industries launch private credit platform
Raymond James and Eldridge Industries are the lastest additions to the growing list of traditional banks and asset managers teaming up to expand their private credit platforms

Carlyle co-chair expects buyouts to rebound from ‘denominator effect’ in 2025
With concerns growing in the US CLO market about the lack of new loan supply, an article from our sister publication Mergermarket provides a glimmer of hope.

Pensions specialist Broadstone snaps up credit risk shop
Broadstone has acquired credit and analytics firm Vestigo Partners Limited for an undisclosed amount, as the UK-based pensions, investments and employee benefits specialist expands its credit risk capabilities

Direct lender Raven separates from Metlife just one year after it was acquired
Raven Capital Management, a New York and Santa Monica-based private credit specialist, has parted ways with parent company Metlife after just a year under its ownership