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Ares Raises $1.7 Billion for Australia Private Credit Fund

Private Equity Insights

billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion) divestment of stakes in. has raised A$2.6

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AlbaCore eyes €2bn in senior lending initiative

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the new fund will provide senior secured loans to finance European leveraged buyouts. Based in London, AlbaCore manages approximately $9.4bn in assets and has traditionally focused on higher-yielding debt, including capital solutions and opportunistic credit.

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Arctos nears $1.3bn Hayfin buyout

Private Equity Wire

Arctos Partners, known for its investments in high-profile sports teams including Paris Saint-Germain and the Boston Red Sox, is in advanced discussions to acquire a majority stake in private credit firm Hayfin Capital Management. Hayfin manages over €30bn in assets.

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After failed $100bn EY offer, TPG buys Crowe’s healthcare consulting unit

Private Equity Insights

In the aftermath of a rejected offer for EY’s consulting business, US private equity firm TPG has signed a definitive agreement to acquire a majority stake in Crowe’s healthcare consulting unit. Crowe will retain a minority stake. The firm was founded in 1992 and manages assets and investments totaling $139bn.

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KKR, CPPIB plan €4bn debt raise to split Axel Springer operations

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the proposed financing will tap the leveraged loan market and private credit funds. The first tranche of the financing — a €1.95bn ($2.1bn) leveraged loan — was launched on 19 November and will part fund the spin-out of jobs platform The Stepstone Group.

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Paul Weiss adds PE partner in London

Private Equity Wire

He has extensive experience advising international private equity houses, financial sponsors and public companies on a wide range of transformational transactions, including leveraged buyouts, acquisitions and disposals, GP-led M&A, secondaries transactions, takeovers, mergers, joint ventures, IPOs, restructurings and refinancings.

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Leverage levels in private credit to increase, says Moody’s

Private Equity Wire

Leverage levels in private credit will increase as alternative asset managers’ rapid capital deployment in turn increases their share of the private credit market, according to a private credit research report by Moody’s Investor Services.