The Carve-Out | Blackstone mulls sale, APAC fundraising drops, Partners Group’s new secondaries fund

The Carve-Out | Blackstone mulls sale, APAC fundraising drops, Partners Group’s new secondaries fund

This week in private equity

?? Blackstone has spoken with advisers over a potential $1.5bn sale of The Office Group amid rising flexible work demands, the Telegraph reports. Read more?

?? 摩根士丹利 CP has completed the sale of World 50 to a single asset GP-led continuation fund, led by Pantheon and Blue Owl Strategic Equity. Read more??

?? APAC PE fundraising and deal value have continued a steep decline, with Japan bucking the latter trend, 贝恩公司 reports. Read more?

?? A vote on whether or not to allow PE firms to acquire stakes in National Football League (NFL) franchises has been delayed until later this year by existing owners. Read more?

?? Blue Wolf has appointed Samantha Dwinell as an Operating Partner with a focus on human capital in the industrial and healthcare sectors. Read more?

?? KKR is set to acquire a majority stake alongside existing investor EIG in Avantus, a US developer of large utility-scale solar projects. Read more?

The week in numbers

?? $12bn – Partners Group’s target raise for a PE secondary strategy fund that will focus on deals in the APAC region, Reuters reports. Read more?

?? 61 – the record number of loans provided by European credit funds to PE-backed companies since 2018, Debtwire reports. Read more?

?? 2/3 – the share of PE and VC firms planning to raise funds in 2024, up from 22%, according to Acuity Knowledge Partners’s latest survey. Read more?

? $5bn – capital commitments nearing close for TPG’s eighth Asia buyout fund, a 50% cut compared with previous funds in the region. Read more?

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