The Carve-Out | Skydance soar, ESG credit gains, secondaries surge
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This week in private equity
?? Blackstone has reported a 3% increase in second-quarter distributable earnings compared to the previous year, attributed to significant asset sales in its private equity and credit divisions, which offset a downturn in real estate, according to a report by Reuters. Read more?
?? Patria Investments has launched its inaugural secondaries fund following its acquisition of aberdeen ’s European private equity business, Patria Secondaries Opportunities Fund V, which is aiming to raise $500m according to a report by Secondaries Investor.?Read more?
?? 高盛 is looking to raise $2bn for its inaugural Asia Pacific-focused private equity fund as it looks to deepen its exposure to some of the world’s fastest-growing economies, according to a report by Reuters. Read more??
? Eurazeo has held the final close of its maiden infrastructure programme, which comprises the Eurazeo Transition Infrastructure Fund and a co-investment vehicle, at €706m in aggregate commitments, exceeding the original €500m target. Read more??
?? Sustainability-focused European asset manager Ambienta has added Linus Lenhard as Partner and Daniela Kastner as Private Equity Investment Manager to its Munich office; Francesco Padovani and James Swainston as Private Equity Investment Managers in Milan and London respectively; and Herman Hannisdal as Associate and Federico D’Addario as Analyst to its private credit team in London.?Read more?
?? Arcesium , a provider of investment lifecycle and data management technology, has launched Opterra, an operational platform aimed at hedge funds, private market funds and other asset managers in optimising middle- and back-office functions across asset classes. Read more
The week in numbers
?? $10.1bn – A strategic partnership of funds and accounts managed by the credit businesses of global investment firms 凯雷投资集团 and KKR is to purchase an approximately $10.1bn portfolio of prime student loans from Discover Financial Services.?Read more?
??? $5bn – Global credit-focused alternative asset manager Oak Hill Advisors, L.P. has formed a new partnership with One Investment Management , a global alternative investment manager, to invest up to $5bn in European private credit. Read more?
领英推荐
?? 13% – Macy's took a big hit to its stock price on Monday with news that the US rental giant was terminating discussions with private equity firm ARKHOUSE and Brigade Capital Management, LP over a potential takeover prompting a 13% fall, according to a report by Business Insider.?Read more?
?? 11% – Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to 毕马威（英国） ’s latest mid-market private equity analysis.?Read more??
Latest Private Equity Wire research
ESG’s journey from a tick-box exercise to an all-encompassing lens for investment continues – influenced by shifts in sentiment, regulatory developments, macro-economic turbulence and wider considerations of climate change and social impact. Essential for progress is an alignment of LP and GP priorities and incentives – Private Equity Wire’s latest insights report, Aligning on Values: The LP-GP conversation on ESG, aims to explore both sides of the conversation.
Coming soon from Private Equity Wire
Join Private Equity Wire at the Private Credit US Summit, taking place in New York on Thursday, September 12th, to engage in high-quality, face-to-face interactions between LPs and GPs through our meticulously curated panel sessions and roundtable discussions.