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

VSS Capital Partners sells minority stake
VSS Capital Partners, which manages investments across US private debt and equity, has sold a minority stake to Pinnacle Investment Management Group

Fidelity Investments buys Fidelity International’s European CLO platform
Life has become a little simpler for CLO investors, as the two different Fidelity CLO platforms combine into one manager

Trump victory raises hopes for high yield markets, M&A revival
Leverage finance markets cheered Donald Trump’s win on the prospect the former president’s return to the White House will unleash deregulation and M&A, lower taxes and higher economy growth

Allianz and AlTi launch new private debt program for UHNWs
Allianz X has struck a joint venture with global wealth management firm AlTi Global to create a private debt investment program for ultra-high-net-worth investors

BC Partners acquires US venture cap lender
The direct lender acquired by BC partners provides loans to venture and non-venture companies and manages a BDC focused on VC lending

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.

Ares scoops up Riverside Credit Solutions for undisclosed amount
Ares Management has completed the purchase of lower middle market specialist Riverside Credit Solutions

Janus Henderson inks deal to buy private credit manager Victory Park 

Hayfin agrees to Arctos-backed management buyout
The management team at Hayfin Capital Management is taking over the company in a management buyout backed by Arctos Partners

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

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

Raymond James and Eldridge Industries launch private credit platform
Raymond James and Eldridge Industries are the lastest additions to the growing list of traditional banks and asset managers teaming up to expand their private credit platforms

Carlyle co-chair expects buyouts to rebound from ‘denominator effect’ in 2025
With concerns growing in the US CLO market about the lack of new loan supply, an article from our sister publication Mergermarket provides a glimmer of hope.

Direct lender Raven separates from Metlife just one year after it was acquired
Raven Capital Management, a New York and Santa Monica-based private credit specialist, has parted ways with parent company Metlife after just a year under its ownership

Nomura restructures credit asset management in the Americas
Nomura Group has launched a new brand for its credit asset management capabilities in the Americas, integrating Nomura Group's public and private credit offerings

New report finds 2023 a record year for alternative credit M&A
A new report on “Acquisitions of Alternative Credit Managers” by credit specialist Gapstow forecasts that more M&A activity lies ahead for credit firms as they struggle with the challenges facing the broader investment management industry

Aquarian buys minority stake in Obra
Obra Capital revealed in Monday that it had sold a minority equity ownership stake to Aquarian Holdings

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Obra completes acquisition of KDP assets following bankruptcy filing
Obra Capital has acquired the assets of KDP Investment Advisors following the latter firm's chapter 11 bankruptcy filing in May of this year

Vertical Capital Income fund changes name as Carlyle takes over and shifts focus to CLOs
Vertical Capital Income Fund is set to rebrand as Carlyle Credit Income Fund after a transaction appointing Carlyle Group as the fund's investment manager and shift the fund's investment mandate to CLOs closed on Friday

Generali Investment acquires Conning
Generali Investment's acquisition of Conning Holdings will allow both firms to scale across geographies and investment capabilities.

Monroe Capital completes latest acquisition
Monroe Capital acquires venture debt lending firm for undisclosed amount. 

Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.