Bain swoops for another portfolio in Italy
Bain Capital Credit has acquired yet another portfolio of assets from a European bank

Japanese insurance giant acquires minority stake in TCW from Carlyle
Japanese life insurer Nippon Life Insurance Company has completed its previously announced acquisition of a 24.75% minority stake in TCW from Carlyle Group

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

First Eagle completes deal to buy NewStar
New York-based First Eagle Investment Management has completed its previously announced acquisition of Boston-based direct lending specialist NewStar Financial

Conning moves into emerging market debt after buying stake in fund manager
Conning has agreed to acquire a 45% stake in emerging market debt specialist Global Evolution

Hayfin acquires US CLO manager
European credit platform Hayfin Capital Management has signed an agreement to acquire a US CLO specialist

London boutique manager to buy Banca Carige's consumer credit unit
Banca Carige, based in Genoa, has entered into exclusive negotiations with London-based Chenavari over the sale of the bank's credit unit, Creditis Servizi Finanziari

Credit Suisse unit acquires majority stake in SME-focused Swiss startup
The financial services giant's venture capital investment arm, SVC-Ltd, has acquired a majority stake in Swiss alternatives startup Tradeplus24

Harvest acquires $1.9 billion investment manager Astor
JMP Group's subsidiary Harvest Capital Strategies has made a minority investment in Astor Investment Management, according to an announcement today

Bain rebrands Dublin unit and applies for management license in Ireland
Dublin-based Broadhaven Credit Partners - launched as a JV between Bain and financier Dermot Desmond - will now operate as Bain Capital Credit

Alantra teams up with boutique to create mid-market advisory
The Spanish asset manager continues to strengthen its presence in Europe, teaming up with a UK corporate finance firm to create a global advisory business in the mid-market

NewStar sale set to go ahead after no further bids emerge
New York-based First Eagle Investment Management looks set to get its hands on mid market credit manager NewStar Financial after the end of a 30-day “go-shop” period

Investors approve appointment of Aberdeen as advisor on Avenue fund
Shareholders of the Avenue Income Credit Strategies Fund have approved a new advisory and sub-advisory agreement for the fund

BNP Paribas acquires stake in SME credit specialist Caple
BNP Paribas Asset Management has acquired a 10% stake in Caple, which facilitates lending to small and mid-sized enterprises through a fintech platform

BNY to merge three of its asset managers
BNY Mellon Investment Management plans to merge three of its managers into one entity that will oversee $560 billion in assets

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

Aberdeen poised to take over and rebrand Avenue credit fund
Avenue Capital Group’s Income Credit Strategies Closed-End Fund is poised to switch managers and names, with Aberdeen Asset Managers taking over as investment advisor and Aberdeen Asset Management serving as subadvisor, subject to shareholder approval

Bain buys Italian loan book to make it 17 NPL portfolio acquisitions
Bain Capital Credit’s European team has now invested over €2.2 billion in non-performing loan portfolio acquisitions since 2011

Oaktree takes over Fifth Street’s BDCs
Oaktree Capital has won the auction to take over Fifth Street Asset Management’s two business development companies

MetLife acquires fixed income manager Logan Circle
M&A activity within the US asset management business is stepping up with MetLife announcing that it will be acquiring fixed income manager Logan Circle Partners

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

Oaktree set to buy mid-market specialist Fifth Street, reports WSJ
Oaktree Capital Management is leading the chase to buy middle-market US lender Fifth Street Asset Management, according to a report by the Wall Street Journal

Dyal takes minority equity stake in private credit manager
Dyal Capital has acquired a minority stake in private credit manager Atalaya Capital Management