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Private credit funds take control of Alacrity in $4.3bn restructuring backed by BlackRock

Private Equity Insights

A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs Asset Management, has agreed to take control of Alacrity. When BlackRock made its investment, Alacrity carried around $1bn in senior debt and $500m in junior debt, financed by Goldman Sachs wealth management division.

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Schroders to shut Australian private debt business 

Private Equity Wire

Schroders is shutting down its AUD100m ($63m) Australian private-debt business, citing increased competition in fundraising and sourcing investments, according to a report by Bloomberg citing CEO and Chief Investment Office Simon Doyle.

Debt 97
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BNP Paribas names private debt directors for new lending strategy

Private Equity Wire

BNP Paribas Asset Management has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt.

Debt 94
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Coller Capital raises $2.4bn in record structured secondaries deal backed by Barings and Ares

Private Equity Insights

The vehicle has attracted institutional capital from Barings, which acted as the lead investor in the senior debt tranches, while Coller and Ares Management have retained the first-loss equity positions. The transaction underscores growing demand for fund finance solutions as private markets continue to face liquidity constraints.

Capital 147
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Data Center and Industrial-Focused Daedalus Acquired by LongueVue

Private Equity Professional

” LongueVues buy of Daedalus was backed by Abacus Finance which was the Senior Secured Credit Facilities Administrative Agent and Sole Lender to the transaction. Abacus Finance is an asset management firm specializing in private credit solutions to the lower middle market. billion in financings.

Finance 130
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Fund Friday: Top fundraising news in private equity

Private Equity Insights

GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. reaching its $999.9m reaching its.

Funds 147
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Blackstone, Rialto, and CPP Acquire $1.2bn Stake in Signature Bank’s CRE Debt

Private Equity Insights

Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.

Stakes 225