Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

Axa IM looks to buy stake in mezzanine lender Capzanine
Axa Investment Managers (Axa IM), the multi-asset investor, and Axa France, the Paris-based insurance company, have entered exclusive talks to buy a minority stake in French private equity house and debt provider Capzanine, from Eurazeo

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

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

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

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

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 

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

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

Spain's Ahorro Corporación to push into direct lending amid ownership changes
Spanish brokerage and advisory firm Ahorro Corporación is planning to move into direct lending and has changed up its ownership structure, with StormHarbour's stake dropping from 90% to 40%

Deutsche Bank looks to raise up to €1.8 billion in partial IPO of DWS
Deutsche Bank has unveiled further details of the Initial Public Offering of its asset management business, as well as a deal with Japanese insurer Nippon Life

Real estate credit manager Terra Capital forms partnership with Axar
Real estate credit manager Terra Capital Partners has formed a strategic partnership agreement with Axar Capital Management, the firms have announced

Joint offering from Allfunds and INTL FCStone targets institutional investors
New York-based financial services firm INTL FCStone Financial has entered into an agreement offshore mutual fund distribution platform Allfunds Bank, which offers access to more than 57,000 funds

London direct lender rebrands following acquisition by Investec
Investec Bank has rebranded Amicus Commercial Finance as Investec Capital Solutions, following Investec’s acquisition of Amicus Commercial Finance in December

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

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

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