The Carve-Out | Apollo’s ambitions, Blackstone’s AI bet, EU fundraising rebounds
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This week in private equity
?? Apollo Global Management, Inc. has set its sights on doubling its AUM to $1.5tn by 2029, according to a new FT report citing CEO Marc Rowan. Read more?
?? Blackstone has committed to investing ￡10bn in the UK to finance the construction of one of Europe’s largest AI data centres, Forbes reports. Read more?
?? Ares Management Corporation , along with billionaire Joe Tsai, is in advanced investment discussions with the Miami Dolphins – valued at $8.1bn. Read more?
?? Coller Capital has launched a new private credit secondaries fund, accessible to eligible private wealth investors outside of the US. Read more?
?? The roster of lenders – including CVC and Nordic Capital – backing a ￡5.4bn Hargreaves Lansdown deal is expanding, Business Desk reports. Read more??
? Morgan Stanley Investment Management has held the final close of the 1GT climate PE fund with $750m in capital commitments. Read more?
The week in numbers
?? €118bn – the value of European PE fundraising in H1 2024, setting it up for a record year if signs of a slowdown abate, per a Preqin report. Read more??
领英推荐
?? $10bn – Blackstone’s target for a new Asia-focused PE fund – its third buyout fund in the region – according to a report by Reuters. Read more?
?? $9.5bn – funds raised at close by Summit Partners for its latest flagship growth fund, just five months after launching its fundraising efforts. Read more?
?? €6.7bn – Techem’s valuation, following a deal agreed by TPG Rise Climate and GIC to acquire the smart and sustainable buildings solutions provider. Read more?
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