Tag Archives: m&A

Capital Group and KKR enter into strategic partnership for alternatives, private credit, and beyond

Investment management behemoth Capital with its $2.6 trillion in AUM announced a partnership with KKR for new ways to bring alternatives into investor portfolios. KKR manages $500 billion, $200 billion of which in credit. The two firms plan to make … Continue reading

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Aflac gets into private credit with 40% stake in Tree Line Capital

The WSJ reported that Aflac is paying about $100 million for a 40% stake in Tree Line Capital Partners, bought from Tree Line management and its PE backer, Stone Point Capital, alongside a multi-year commitment to help the firm with … Continue reading

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Brookfield acquires majority stake in asset-based private credit firm Castlelake – another david and goliath partnership.

These partnerships just seem to keep happening faster and faster: niche private credit managers teaming up with large global asset manager for a win-win partnership. Brookfield is investing $1.5 billion in capital, which includes capital into Castlelake’s investment strategies by … Continue reading

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T Rowe reports Q1 2024 earnings

AUM reached $1.54 trillion, up 14.9% year on year, but CEO Rob Sharps cited “tailwinds from stronger-than-anticipated markets” for net outflows of $8 billion for the quarter (half the outflows from Q1/23). Only 8.5% of assets come from investors outside … 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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Manulife IM completes acquisition of multi-sector alt credit manager CQS

Manulife Investment Management, the wealth and asset manager for Manulife Financial Corporation, today completed the acquisition of CQS with the approval by the UK FCA and is launching Manulife | CQS Investment Management as a wholly owned multi-sector alternative credit … Continue reading

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Calling $24 billion in net gains “subpar”… Warren Buffett’s secrets of communication

“A number of good things happened at Berkshire last year (including $24 billion in net gains), but let’s first get the bad news out of the way.” That’s how Buffett starts his 2012 annual letter to shareholders. His top three … Continue reading

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Multi-Convergence: BlackRock buys private equity real estate specialist MGPA – Asia focus

The era of multi-convergence. We have seen KKR/Schwab, GCS/ICBC/Dexia, Franklin Templeton/K2, Principal/Liongate, and many more examples of traditional and alternative convergence. This week BlackRock bought private equity real estate firm MGPA to boost its Asia and Europe presence, doubling its … Continue reading

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