The Carve-Out | Blackrock buys Kreos, BDCs pique institutional interest, Warburg Pincus names new MD
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This week in private equity
?? Blackrock has acquired Kreos Capital, a growth and venture debt financing provider specialising in tech and healthcare. Read more??
?? Hedge fund Tiger Global has taken a big stake in Apollo Global as part of a pivot away from its tech investment focus, the FT reports. Read more?
?? BDCs – originally aimed at retail buyers – are gaining appeal among private credit-focused institutional investors, Bloomberg reports. Read more?
?? KKR has fended off competition to reach advanced stages of a $1.65bn acquisition of Simon & Schuster from Paramount Global, says Reuters. Read more?
?? Warburg Pincus has named Evercore’s London Chairman Andrew Sibbald as its new Managing Director and Co-Head of Europe. Read more?
?? Apollo Global Management Chief Executive Marc Rowan has declared the “end of an era” for private equity amid a valuations reset. Read more
The week in numbers?
?? 1.1% – private equity returns for Q1 2023, the first positive figure after three quarters of sub-zero returns, eFront reports. Read more?
?? $6.5bn – New Relic’s valuation based on an all-cash, take-private deal by an investment consortium led by Francisco Partners and TPG. Read more?
领英推荐
?? $5.8bn – funds raised by CVC’s secondaries platform Glendower Capital after the final close of its fifth global secondary PE fund. Read more?
?? $1bn – the value of preferred equity that Vista has offered to pump into Finastra as it looks to refinance the PortCo through private credit. Read more?
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