Lazard to acquire Campbell Lutyens in private funds push
The USD 575m acquisition will create a third global division known as “Lazard CL” that will focus on fund placement, advisory on fund secondaries and GP capital advisory

We’re looking at a multi-year M&A uptick – Morgan Stanley head of private credit and equity David Miller
PODCAST: Speaking on the latest episode of Credit Exchange with Lisa Lee, Miller highlighted the impact of the large amount of fundraising and deployment that occurred in the 2020-2022 period as significant for his positive outlook

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

Amundi to take ICG stake as the two launch a private wealth partnership
The two firms will start by creating a private debt European evergreen fund and private equity secondaries-focused European evergreen fund

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

AXA Prime, Mubadala take stakes in Hayfin as more private credit firms welcome outside investors
Private credit managers selling GP stakes to third parties has become more common as managers seek ways to spur additional growth

Blackstone inks new private credit partnership with L&G
PRECIS: The partnership will see L&G gain access to IG private credit assets and the two firms create new public-private credit products.  

PNC Bank to buy Aqueduct to grow fundraising service capabilities
The acquisition will add to the existing capital advisory services provided by PNC subsidiary Harris Williams

Bank-asset manager partnerships reach European shores
EXCLUSIVE: the recent announcement from Arini and Lazard shows how new entrants into the direct lending market might copy the US model of leaning on bank partners

M&G to acquire majority stake in P Capital Partners
London-based investment firm to take 70% share in Swedish private credit business  

NY Life Investments acquires stake in European mezz specialist
New York Life Investments and affiliate Candriam has agreed to take a 40% stake in Andera Partners, a European investment manager specializing in PE investments and mezzanine debt

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

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.

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 

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

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

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