Tag Archives: asset management

Blue Owl expands into Real Estate Finance with Prima Capital Acquisition

Blue Owl is continuing its buying spree, this time for Real Estate Finance. The $165 billion multi-strategy alt manager (Credit, GP Strategic Capital, Real Estate), announced the acquisition of Prima Capital Advisors for the aggregate consideration of $170 million. Prima … Continue reading

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Blue Torch Capital Closes $2.3B Credit Opps Fund

Blue Torch, a NY based private credit manager surpassed the $2B fundraising target with the closing of Blue Torch Credit Opportunities Fund III, raising $2.3 billion. Similar to the other vintages, the fund will focus on bespoke credit solutions for … Continue reading

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IMF addresses growth of private credit market and „severe data gaps“

The IMF in a financial sector stability blog says „fast-growing $2 trillion private credit market warrants closer watch“ The IMF yesterday in a writeup put the private credit market at $2.1 trillion globally, with 75% of that total in the … Continue reading

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Private real estate lender Kiavi launches construction product via tech and data platform

Kiavi is one of the largest US private lenders to residential real estate investors, with close to $19 billion in funded loans – with a focus on technology & data for economies of scale. Today they launched a new construction … Continue reading

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Goldman‘s 2023 Global Insurance Survey Highlights

GSAM interviewed 343 CIO/CFOs about their views on everything ranging from the economy, asset allocations, return expectations, portfolio construction and industry capitalization. Some highlights as they relate to asset management and private markets: – Globally, 51% of respondents expect to … Continue reading

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Ex-Citadel trio partners with CC&L to launch FortWood Capital

The former Citadel EM Credit PM team including Michael Mormile, Jonathan Hartofilis and Richard Li have teamed up with Canadian multi-boutique asset manager Connor, Clark & Lunn to create FortWood Capital as a new boutique. FortWood will offer absolute return … Continue reading

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AXA IM buys private equity firm W Capital Management to strengthen private markets

AXA IM this week announced the acquisition of W Capital Management, a US based private equity firm focusing on GP-led and direct secondary investments. It will sit within AXA IM Prime, the firm‘s fully integrated provider of investment solutions across … Continue reading

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GSAM‘s Petershill buys stake in private credit firm Kennedy Lewis

Every asset manager it seems wants to get a piece of private credit these days, either by acquisition, minority stake or team liftout. Petershill Partners, Goldman‘s private equity firm this week bought some 20% of Kennedy Lewis from Azimut (which … Continue reading

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300B RIA Creative Planning Acquires ML&R Wealth Management

Creative Planning with $300 billion in assets under management and advisors in all 50 states and 90 countries is a behemoth of the RIA world… and it keeps scooping up smaller players. On April 2, 2024 Creative Planning CEO Peter … Continue reading

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$18B RIA Sequoia Financial Acquires AltruVista to add wealth management for entrepreneurs

The fast growing US RIA market continues to consolidate, as larger RIAs scoop up smaller ones to add geographical footprint and additional services and client segments. Yesterday Akron based Sequoia Financial Group announced the acquisition of AltruVista in Houston. Sequoia … Continue reading

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