Fortress Investment secures half of $2.5bn-targeting third direct lending fund, aiming for 12% to 15% gross IRR – report

Fortress Investment Group is said to have collected half of the $2.5bn target for a third direct lending fund which is expecting to wrap up later in the year. The post Fortress Investment secures half

Apollo to tap into high-growth community solar energy market with Summit Ridge investment

Global buyout giant Apollo has agreed to make a $175m strategic investment in community solar assets owner-operator Summit Ridge to tap into the high-growth segment of the renewables market. The post Apollo to tap into high-growth

Blackstone, EQT megafunds among latest Texas Teachers’ commitments

The $204bn-managing Texas Teachers' Retirement System has backed a string of new private equity and real estate funds managed by firms including Blackstone and EQT. The post Blackstone, EQT megafunds among latest Texas Teachers’ commitments

Surprise €17.5bn late bid sees DigitalBridge, Brookfield win battle for Deutsche Telekom towers business

US buyout house DigitalBridge and Canada's Brookfield Asset Management have scored a surprise €17.5bn buyout of Deutsche Telekom's towers business after coming in with a big late bid in the auction. The post Surprise €17.5bn

Pelican Capital scores 6.5x return through savvy YourParkingSpace investment

UK private equity investor Pelican Capital is celebrating a roughly 6.5x return through the exit of parking technology provider YourParkingSpace. The post Pelican Capital scores 6.5x return through savvy YourParkingSpace investment first appeared on AltAssets

Software and Hi-Tech
Keyhaven bolsters team with six promotions

Keyhaven bolsters team with six promotions

Keyhaven Capital Partners, a specialist secondaries private equity firm, has made six promotions in its team including Sarah Brereton to partner.

Crypto startup backer MultiCoin Capital scores huge fund size increase with $430m Fund III close

Crypto startup investor Multicoin Capital has scored a hefty fund size increase through the $430m final close of its third flagship VC fund. Venture Fund III is a marked step-up from the $100m sophomore vehicle Multicoin

Politics
Unquote British Private Equity Awards 2022: deadline extended

Unquote British Private Equity Awards 2022: deadline extended

Submissions for the 2022 Unquote British Private Equity Awards are now open until 29 July at 5pm.

KKR raises $2.1bn for debut asset-based finance fund amid rising demand in sector

Global private equity giant KKR has hit a $2.1bn final close for its first fund dedicated to asset-based finance investments. The post KKR raises $2.1bn for debut asset-based finance fund amid rising demand in sector

Event
Five Arrows-backed A2MAC1 eyes September auction launch

Five Arrows-backed A2MAC1 eyes September auction launch

A2MAC1, the French automotive benchmarking company backed by Five Arrows Principal Investments (FAPI), may come to market as soon as September, two sources familiar with the matter said.

KKR Partners with Veteran CEO Andy Silvernail to Pursue Acquisition Opportunities in the Americas

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, announced today that it is partnering with Andrew K. “Andy” Silvernail, the former Chairman and CEO of Madison Industries and IDEX Corporation, to pursue new acquisition

KKR Releases 2021 Sustainability Report

New report highlights progress in scaling sustainability-focused initiatives and outlines Global Ambitions for ESG performance NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released KKR’s 11th annual Sustainability Report. The report, titled Scaling

NielsenIQ and GfK to combine, creating a leading global provider of information and analytics in consumer and retail measurement

NielsenIQ and GfK SE (“GfK”), two leaders in global information services, today announced a definitive agreement through which the companies plan to combine, creating new capabilities in the consumer and retail measurement industry. Powered by

Manufacturing and Industrial
KKR Expands Industrial Real Estate Portfolio in the Inland Empire

KKR Expands Industrial Real Estate Portfolio in the Inland Empire

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has purchased 6300 Providence Way, a Class A warehouse property located in Eastvale, California, a highly infill submarket of the Inland Empire.

KKR Closes $2.1 Billion Asset-Based Finance Fund

First Dedicated Fund to Pursue Compelling Asset-Backed Opportunities Globally NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund

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