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Blackstone taps Goldman Sachs leveraged finance head to lead European private credit origination

Private Equity Insights

This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. If finalised, the deal would rank among the largest ever private credit financings, edging out banks that had pitched to refinance the companys debt.

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Deutsche Bank lines up $200m financing for Blackstone’s renewed bid for Trans Maldivian Airways

Private Equity Insights

The potential financing package, which may carry an interest rate of 10% or less, remains under negotiation. The potential financing package, which may carry an interest rate of 10% or less, remains under negotiation. Blackstone has not yet formally mandated the funding. The bid for TMA is reportedly valued at under $500m.

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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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AllianzGI closes €1.5bn Private Markets Credit Opportunities Fund

Private Equity Insights

Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The company, co-owned by. The company, co-owned by.

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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. The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%.

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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.

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NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom

Private Equity Insights

NIIF CEO Sanjiv Aggarwal outlined the fund’s strategy at a venture capital event in Mumbai, stating that it will focus on performing credit to capitalise on the increasing investor demand for high-yield debt. The funds backers also include global investors such as AustralianSuper and Singapores Temasek Holdings.