Hercules Capital makes mighty push into commercial finance with acquisition
Speciality finance and venture growth firm Hercules Capital has acquired asset-based lender Gibraltar Business Capital in a bid to expand financing options to clients

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

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

Altegris and Artivest merge to form alternatives investment platform
Alternative investment research and management firm Altegris, based in La Jolla in California, has merged with New York-based alternative investment technology firm Artivest

Pretium adds to its US CLO AUM with another acquisition
A boutique US CLO manager has sold two management contracts to fast-growing Pretium

White Oak buys niche lender FNCC
White Oak Global Advisors has acquired specialist direct lender Federal National Commercial Credit (FNCC), in a bid to “focus on growing its asset-based lending platform”

Global consulting firm acquires Japanese multi-management platform
Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies, has acquired the Japanese hedge fund multi-manager BFC Asset Management

Cleveland multi-boutique plans IPO as it targets $100 million via share issue
Victory Capital, a multiboutique asset management firm based in Cleveland, is going public

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

Investcorp brings long-short manager onto its hedge funds partnership platform
Alternative invesmtent manager Investcorp has announced its strategic partnership with Steamboat Capital Partners through its Hedge Funds Partnerships platform

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

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

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

Japanese bank to buy minority stake in CLO boutique GreensLedge
A Japanese bank is taking its relationship with GreensLedge to the next level by buying a 20% stake in the New York-based firm

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

Mortgage credit specialist Pretium steps in to back Valcour's CLO ambitions
Stamford-based Valcour Capital Management has been acquired by real estate and mortgage credit specialist Pretium Partners in a transaction which boosts Valcour’s prospects of returning to the US CLO market.