Axa IM buys US commercial mortgage business from Quadrant
Axa Investment Managers' real assets group has bought one of Quadrant Real Estate Advisors’ US focused lines of business, including a dedicated investment team, in a bid to expand its global debt platform.  

LaSalle expands into US real estate debt with Latitude acquisition
LaSalle Investment Management has bought a majority stake in the $1.2 billion debt business of Latitude Management Real Estate Investors

TIG buys strategic minority interest in alternative credit manager
The New York-based manager plans to further expand and diversify into new investments by buying interests in other strategies.

Franklin Templeton acquires Benefit Street
Franklin Templeton Investments has acquired $26 billion credit fund manager Benefit Street Partners

Carlyle lands acquisition of $5.6 billion Apollo Aviation
The Carlyle Group has expanded its asset-based credit offerings with the acquisition of Apollo Aviation Group 

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Palmer Square buys out Montage Investments' minority stake
The $5.5 billion alternative asset manager is set to become an entirely management owned company

HPS expands in distressed debt by taking over Dallas-based Tålamod
HPS Investment Partners has struck a deal to bring on board the investment team from Dallas-based distressed debt specialist Tålamod Asset Management

Goodhart unveils new platform to invest in private debt and equity firms
London-based Goodhart Partners has launched a new platform to focus on strategic minority investments, predominantly in private debt and private equity firms.

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

Dyal buys minority stake in another private credit manager
Following a minority stake acquisition in HPS last month, Neuberger's Dyal has now attained a stake in another New York based private credit manager

BlackRock completes Tennenbaum acquisition
Global asset manager BlackRock has completed the previously announced acquisition of Tenenbaum Capital Partners

Savills adds to real estate debt capabilities with initial 25% acquisition in DRC
Savills Investment Management has acquired an initial 25% stake in specialist real estate debt provider DRC Capital. As part of the deal, DRC has granted Savills a call option to acquire the remaining 75% interest in the firm in 2021

FS and KKR merge BDCs to create second-largest publicly traded BDC
FS Investments and KKR Credit yesterday agreed to merge FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT), in a move that has created the second largest publicly-traded BDC behind Ares Capital Corporation  

Stone Point acquires majority interest in real estate credit manager Sabal
Real estate credit manager Sabal Capital Partners is set to be acquired by private equity form Stone Point Capital

Pacific Current acquires stake in Chicago-based private debt manager
Sydney-headquartered Pacific Current Group has acquired a 24.9% stake in Chicago-based Victory Park Capital

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Orix acquires US mid-market lender NXT
Japanese financial services firm Orix, has agreed to acquire US mid-market lender NXT Capital

Natixis IM expands private debt capabilities with MV acquisition
Natixis Investment Managers has acquired European private credit specialist MV Credit Partners

Aviva establishes real assets platform and sells real estate multi-manager business
London-based Aviva Investors has established a new £37 billion real assets platform, which aims to integrate real estate, infrastructure, structured finance and its private debt business

Cerberus agrees to acquire €1.1 billion NPL portfolio from AIB
Allied Irish Bank has agreed to sell a €1.1 billion NPL portfolio to a consortium led by distressed debt specialist Cerberus 

Schroders deepens commitment to real estate debt
Schroders has made a minority investment in a middle-market commercial real estate provider, to "offer more private debt opportunities that meet the growing investor need for compelling fixed income returns"

ESO acquires UK lower mid-market private equity firm
ESO Capital, a lender to European SMEs, yesterday announced it has acquired UK lower mid-market private equity fund Core Capital Partners

BMO agrees deal to acquire brokerage KGS-Alpha
BMO Financial, the Montreal-headquartered bank, has struck a deal to acquire New York-based brokerage KGS-Alpha

Ares emerges as favourite to take over troubled direct lending fund
Following Oaktree’s wind-down request, the board of the Ranger Direct Lending Fund has chosen Ares as replacement manager - moves which could see the fund change its focus from peer-to-peer loan investments to asset-backed loans