T Rowe Price to buy Oak Hill for up to $4.2 billion
Oak Hill is set to become T Rowe Price’s private markets platform, led by Oak Hill’s chief executive officer Glenn August

Brevan Howard buys stake in structured credit fund manager led by former employee
1543 Capital and Brevan Howard have strengthened their ties with market sources indicating that Brevan Howard has acquired a minority equity stake in the manager

Franklin Templeton takes on Aviva's US IG credit team
Franklin Templeton has struck a deal to buy Aviva Investors’ $7.5 billion US-based investment grade credit team

Investcorp strikes partnership with distressed mid-market specialist
Marblegate Asset Management and Investcorp say they have formed a strategic partnership where the latter will provide Marblegate with long-term capital to strengthen its investment platform and provide access to to Investcorp's investor network

Santander to acquire Amherst Pierpont for $600 million
Banco Santander says it has struck an agreement to acquire fixed income broker dealer Amherst Pierpont Securities

Birch Grove merges with American Securities' credit business
US private equity firm American Securities has merged its opportunistic credit business, Ascribe Capital, with boutique alternative credit hedge fund Birch Grove Capital

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Sound Point strikes deal to buy CVC's US direct lending business: WSJ
Sound Point Capital Management has agreed to buy CVC’s $1.5 billion US direct lending arm as part of a push into private credit 

Hamilton Lane forms private markets partnership with Russell
Hamilton Lane will provide insight and input to Russell Investments’ private markets team on portfolio construction, along with investing money

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

TIG delves into Asian credit following minority investment in Arkkan
New York-based asset manager TIG Advisors has bought a minority equity stake in Hong Kong-based alternative asset manager Arkkan Capital

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity

Onex swoops to buy $3.8 billion private credit manager
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

Ziegler buys stake in credit SMA specialist
Ziegler Capital Management has acquired a minority stake in a US credit asset manager that invests across investment grade, high yield and emerging market corporate bonds along with mortgage-backed securities

Blackstone buys $7.5 billion quantitative credit manager
Blackstone has bought DCI, a $7.5 billion technology-driven quantitative credit manager

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Sun Life Financial buys 51% stake in Crescent
Sun Life Financial has bought a 51% stake in credit manager Crescent Capital Group as part of its push into alternative credit

Morgan Stanley to buy Eaton Vance for $7 billion
Morgan Stanley is set to buy Eaton Vance for an equity value of $7 billion as part of a broader push into wealth management

Leucadia pushes into distressed debt as it seeds new manager
Leucadia Asset Management has made a push into special situations and distressed debt, with the Jefferies’ subsidiary announcing a strategic partnership with FourSixThree Capital. Leucadia will provide seed capital to newly formed FourSixThree, as part of that transaction

Sun Life Financial in talks to buy Crescent Capital - report
Canadian insurer Sun Life Financial is said to be in talks to buy credit manager Crescent Capital, according to a report by Bloomberg

Azimut purchases 20% stake in US private credit manager
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager

Mount Logan and Sierra take over management of Resource credit fund
Mount Logan Capital and Sierra Crest Investment Management, an affiliate of BC Partners Advisors, have agreed to take over management of the Resource Credit Income Fund, a US-based $240 million interval fund 

Goldman Sachs in talks to buy minority stake in Permira
Goldman Sachs is looking to buy a minority stake in private equity firm Permira