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- Sixth Street partners with Northwestern for $13B in ABS
- Capital Group and KKR enter into strategic partnership for alternatives, private credit, and beyond
- Aflac gets into private credit with 40% stake in Tree Line Capital
- Brookfield acquires majority stake in asset-based private credit firm Castlelake – another david and goliath partnership.
- BNY partners with CIFC on private credit
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Tag Archives: private equity
Sixth Street partners with Northwestern for $13B in ABS
Another day, another partnership between private credit leaders and insurance companies looking to get into the space. The WSJ this morning reported that Sixth Street is going to manage $13B of mostly ABS for Northwestern Mutual, kicking of 2025 as … Continue reading
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
Posted in Asset managment
Tagged aflac, asset management, insuran, insurance, liftouts, m&A, private credit, private equity, private markets, tree line capital, warren enskat, WEG
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Brookfield to acquire majority stake in credit manager Castlelake
The FT this morning reported that Brookfield Asset Management is in advanced talks to buy a majority stake in Castlelake with an investment of over $1.5 billion, including a large investment in Castlelake‘s private credit funds. Castlelake manages $22 billion … Continue reading
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
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
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
Posted in Asset managment
Tagged asset management, daniel enskat, data, IMF, private credit, private equity, private markets
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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
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
Posted in Asset managment
Tagged acquisition, asset management, AXA IM, daniel enskat, investment management, m&A, Prime, private equity, private markets, W Capital, warren enskat
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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
Posted in alternatives, asia, black swans, Brand, cash flows, Chile, consulting, E&A, EFAMA, Enskat Associates, information delivery, institutional investor, management, multi-convergence, pension funds, private equity, SWFs, wealth management
Tagged alternatives, asia, asia-pac, blackrock, E&A, enskat associates, investment management, larry fink, m&A, mark mccombe, mgpa, private equity, real estate, warren enskat
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Earnings season: Carlyle Group acquires asset manager, raises 3.4b in fresh capital
As mentioned in my recent postings on institutional investors, SWFs have increased their interest and stakes in private equity firms in the crisis. CIC took a 10% stake in Blackstone, ADIA acquired 7.5% in the Carlyle Group. Among the highlights … Continue reading
Posted in alternatives, beauty, black swans, cash flows, China, Enskat Associates, information delivery, Latin America, management, Middle East, multi-convergence, private banking, professional fund buyers, SWFs, UCITS, Uncategorized, wealth management
Tagged asset management, blackstone, Carlyle, Carlyle engine, Conway, E&A, earnings, enskat associates, kings, kkr, PE, performance fees, private equity, quarterly, Rubinstein, vermillion
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