The Carve-Out | PE consolidation wave, Morgan Stanley fraud suit, Blackstone credit boss steps down
Private Equity Wire
Private Equity Wire provides highly relevant and actionable information for GPs, service providers, and LPs.
This week in private equity
?? Partners Group CEO David Layton predicts dramatic consolidation for private markets – from 11,000 active players to <100 in the next decade. Read more ?
?? Apollo Global Management, Inc. is looking to raise $2.5bn for a new private credit vehicle that will lend to large corporate borrowers, according to Bloomberg reports. Read more ?
?? PE firms Certares Management LLC and Knighthead Capital Management, LLC have alleged fraud and sued 摩根士丹利 for at least $750m. Read more ?
?? Blackstone ’s Head of Private Credit for Europe and APAC, Paulo Eapen, will leave the firm after 17 years, according to Bloomberg reports. Read more ?
?? KKR will acquire a 20% stake in SingTel Telecom’s regional data centre business for just over $806m, according to a report by Reuters. Read more ?
?? TPG ’s Asia Managing Partner, Ganen Sarvananthan, has been named Head of Asia and Middle East, to help continue growth in those regions. Read more ?
The week in numbers
?? $3tn – Ares Management Corporation CEO Mike Arougheti’s estimate of the global private credit market size in the next five years, double its current value. Read more ?
?? 46% – the year-on-year dip for August in global PE and VC deal value, while volume fell 35%, according to S&P Global Market Intelligence. Read more ?
领英推荐
?? €15bn – funds raised by 高盛 for its largest ever flagship private equity secondaries fund, according to FT reports. Read more ?
?? $8.5bn – funds raised by a total of 70 India-focused PE and VC firms in 2022, according to a new report from Preqin and IVCA. Read more ? ?
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