Blue Owl Nears Deal for Minority GP Stake Investment in BlackFin Capital Partners
Blue Owl Capital is on the verge of acquiring a minority stake in Paris‑based BlackFin Capital Partners through its GP Strategic Capital platform. BlackFin’s flagship buyout fund raised €1.8 billion (about $2 billion) for 2024, while its fintech‑focused vehicle secured €390 million (roughly $425 million) in 2022. The transaction, advised by Houlihan Lokey, follows a wave of GP‑stakes deals that let investors capture recurring management fees and co‑investment upside. Blue Owl has already built a portfolio that includes stakes in Vista Equity Partners and Golub Capital.
EXEC: European Soccer E-Tailer Unisport Enters U.S. with WeGotSoccer Acquisition
European online football retailer Unisport Group has acquired Arocam, the U.S. parent of WeGotSoccer and TUDN Fan Shop, adding six physical stores to its portfolio. The acquisition positions Unisport for a rapid expansion in the United States ahead of the...
US BSL CLO Rankings – March 2026
Bain topped the US BSL CLO market in the first quarter of 2026, pricing just under $4 bn of transactions, according to Creditflux data. Among arrangers, Bank of America captured the largest slice, holding a 17.64% market share for Q1. The...
PE Firms Circle Pizza Hut and Papa John’s as Sale Processes Advance
Pizza Hut and Papa John’s are entering sale processes as private‑equity interest intensifies. Both chains face weakening demand, higher input costs and fierce competition, prompting owners to explore taking them private. Papa John’s has attracted a consortium led by Qatari‑backed...
Tower Hill Lifts Winston Re 2026-1 Cat Bond Target to as Much as $375m
Tower Hill Insurance Exchange has increased its target for the Winston Re Ltd. Series 2026‑1 catastrophe bond to as much as $375 million, up from the original $225 million goal. The upsized issuance covers three tranches—Class A, B and C—with each tranche’s size and...
DeVoe: RIA Deals Become More Concentrated at the Top
The DeVoe & Company Q1 2026 RIA Deal Book recorded 93 merger‑and‑acquisition transactions, a 24% year‑over‑year increase and tying the record for the most active quarter. Large advisory firms with $1 billion‑$5 billion in assets now account for 30% of deals, while...
£100M Boost for UK Healthtech as British Business Bank Backs Apposite Growth Fund
The British Business Bank has pledged a £100 million (≈$127 million) cornerstone commitment to Apposite Healthcare Growth I, marking its largest fund investment to date and its first partnership with Apposite Capital. The fund will back UK health‑technology scale‑ups across medical products,...
Danish Pension P+ Seeks GPs for Defence Investment
Danish pension fund P+, which oversees roughly $27 billion for academic retirees, is actively seeking general‑partner firms to source private‑equity investments in the defence sector. The move marks a strategic shift from its traditionally conservative allocations toward a high‑growth, resilient asset...
Ariel Re Secures $125m of Retro From First Titania Re Cat Bond to Use London Bridge 2 PCC
Ariel Re has priced its sixth catastrophe bond, securing $125 million of U.S. multi‑peril retrocession through the Titania Re 2026‑1 issuance. The deal uses the Lloyd’s‑backed London Bridge 2 PCC structure, marking the first time a Titania Re cat bond has employed this...
Alphabet Set for $100B Boost From SpaceX Listing
Alphabet is poised to receive a $100 billion windfall from SpaceX’s upcoming IPO after Bloomberg disclosed that Google holds a roughly 5 percent stake in the rocket firm. The stake, originally acquired in a 2015 $1 billion round, would be valued at around...
Term Sheet: Apollo Goes Big on Hostels, Banks Back Polish Retail Portfolio, CapitaLand Raises for Asia-Pacific Lending
Apollo Global Management is providing a €874 million (≈$944 million) loan to a European hostel platform, signaling strong private‑credit interest in the hospitality sector. In Poland, asset manager EPP secured bank financing to refinance its prime retail portfolio, reinforcing confidence in the...
Concentration of Hedge Fund Financing Among Major Banks Raises Stability Concerns, S&P Warns
S&P Global warns that financing for hedge funds is becoming concentrated among four major banks—BNP Paribas, Barclays, Goldman Sachs and Morgan Stanley—whose market‑related revenues rose about 25% to over $24 billion, now roughly 30% of their income. Outstanding prime‑brokerage financing to...
CSN Moves to Next Phase of Cement Unit Sale Process
Brazil’s Companhia Siderúrgica Nacional (CSN) will launch the binding‑bid phase for the sale of its cement arm, CSN Cimentos, within the next month. Non‑binding offers are due by the end of April, with shortlisted bidders to submit firm proposals by...
Galapagos Capital SSPE Issues R$13.5m LRS, Its Second Under the Brazilian ILS Regime
Galapagos Capital’s Brazil‑based SSPE has issued a second Letra de Risco de Seguro (LRS) worth R$13.5 million (≈ $2.7 million), this time to guarantee a tax‑contingency that enabled an agribusiness M&A deal. The transaction was completed in just 20 days, underscoring the speed...
Personality of the Year: Marjan Divjak
Marjan Divjak spearheaded Slovenia’s first sustainability‑linked sovereign bond, a pioneering move that ties borrowing costs to environmental performance. The €500 million issuance, launched in 2024, links coupon adjustments to verified climate‑reduction targets. Divjak oversaw the bond’s structuring, pricing, and post‑issuance reporting,...
Corient Buys Bedrock — and Sends a Wake-Up Call to Swiss Wealth Management
Miami‑based Corient announced the acquisition of Geneva’s Bedrock Group, adding roughly $9.2 billion in client assets and bringing its combined managed and administered assets to about $468 billion. The deal expands Corient’s European presence to around 200 employees in Switzerland, four times...
Verus' Latest RMBS Deal Raises $733.8 Million
Verus Securitization Trust launched a $733.8 million residential mortgage‑backed securities (RMBS) transaction, series 2026‑4, backed by 1,433 moderately leveraged non‑prime mortgages. The pool has a weighted‑average loan‑to‑value of 69 % and a combined LTV of 70.5 %, with a weighted‑average coupon of 7.17 %. The...
Bloomberg: Leveraged Lending Insights – 4/13/2026
The U.S. leveraged loan market remains subdued after a sharp issuance slowdown in February, with volatility curbing new deals. Through April 15, $9.4 billion has entered syndication, outpacing the prior three weeks combined but still far below the $30 billion weekly volumes seen...
Structure,-Discipline,-Scale
Barings has named CJ Wei as its new managing director of Asset‑Backed Finance, signaling a sharpened focus on structured, disciplined, and scalable securitisation. Wei outlined a strategy that leverages the firm’s expertise to finance esoteric assets through customized solutions, positioning...
Ellison’s Day at CinemaCon
Paramount Skydance’s $110 billion bid for Warner Bros. Discovery sparked antitrust warnings at a Senate hearing and in Hollywood circles. To calm concerns, CEO David Ellison appeared at CinemaCon and announced a 45‑day theatrical window for all Paramount titles, followed by a 90‑day...
Chicago-Atlantic-Enters-Emerging-Markets-with-New-ABF-Strategy
Chicago Atlantic announced a new asset‑backed finance (ABF) strategy aimed at emerging markets, specifically targeting mid‑size borrowers in Latin America and Asia. The platform will employ securitisation technology to fund esoteric assets and deliver customized financing solutions. By entering these...
Green-SRT-Reveals-Inner-Workings-of-Public-Backed-Trades
Green SRT, a leading platform for structured credit, unveiled the mechanics behind its public‑backed trades in a detailed market update. The firm disclosed that $1.2 billion of such trades were executed in the first quarter, leveraging sovereign guarantees to reduce capital...
ABF-Deal-Digest:-Funding-Circle-Renews-FlexiPay-Agreement
Funding Circle announced the renewal of its FlexiPay agreement, extending the partnership that enables streamlined financing for small‑business borrowers. The renewed deal continues to leverage FlexiPay's embedded credit infrastructure, allowing Funding Circle to offer faster loan approvals and flexible repayment...
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Understanding Term Repurchase Agreements: Key Benefits & Requirements
A term repurchase agreement, or term repo, is a short‑term financing contract where a lender buys securities and agrees to sell them back at a preset price on a future date. The price gap acts as implicit interest, typically quoted...
Plata Hits $5 Billion Valuation in Bicycle Capital-Led Funding
Plata raised $405 million in a Series C round, pushing its valuation to $5 billion—the largest for a private financial services firm in Latin America. The round was led by Bicycle Capital and included investors Kora, Qatar Investment Authority and BTG Pactual. The funding...
JetBlue Founder Predicts Bankruptcy For Struggling Airline In Leaked Recording
JetBlue founder David Neeleman told pilots at his new airline Breeze that the carrier’s $9 billion debt and a projected $1.3 billion loss could push it into bankruptcy. He highlighted that JetBlue is paying roughly $600 million in interest, potentially climbing to $800 million,...
GS Mortgage-Backed Securities Trust 2026-PJ6: Presale Report
DBRS, Inc. assigned provisional credit ratings to the Mortgage‑Backed Notes of Goldman Sachs’ Mortgage‑Backed Securities Trust 2026‑PJ6. The majority of Class A tranches received a (P) AAA rating, while lower‑tier tranches were rated from AA down to B. These ratings were issued on...
Goldman Sachs Bond Traders Stumbled as Wall Street Rivals Thrived: 'A Fire Is Being Lit Under' Them
Goldman Sachs’ fixed‑income division posted a 10% revenue decline in Q1, falling $910 million short of analyst forecasts. The miss contrasted sharply with rivals—JPMorgan, Morgan Stanley and Citigroup—who posted double‑digit gains in bond trading. Analysts attribute Goldman’s underperformance to misplaced bets on...
A 32-Year Look at Biotech’s Capital Expansion
Over the past 32 years biotechs have amassed nearly $1.2 trillion in equity financing, according to BioCentury’s BCIQ database. Remarkably, half of that capital was raised in the eight‑year window from 2018 to 2025, underscoring an accelerating funding wave. The surge,...
One in Six: How Rocket Swallowed America's Mortgage Market
Rocket Companies completed a $15.95 billion series of deals—acquiring Redfin for $1.75 billion and Mr. Cooper for $14.2 billion—creating a vertically integrated homeownership platform that now services roughly one in six U.S. mortgages, about 10 million borrowers and $2.1 trillion in unpaid principal. The combined entity...
#58777
Clearwater Analytics Holdings (CWAN) will hold a shareholder vote on May 6, 2026 to approve a merger with GT Silver BidCo, an affiliate of Permira Investors. If approved, each CWAN Class A share converts into a right to receive $24.55 in cash, translating to $2,455...
SS&C Intralinks DealCentre AI Vs. Datasite: Which Platform Is Built for the Future of Dealmaking?
The M&A technology market is moving beyond standalone virtual data rooms toward end‑to‑end dealmaking platforms that embed AI. SS&C Intralinks’ DealCentre AI offers a unified environment with native AI assistant Link, continuous workflows, and bank‑grade security, having supported over $37 trillion...
TSX Venture Exchange Scraps Longstanding Sponsor Requirement, Streamlines Listing Process
On March 31, 2026 the TSX Venture Exchange eliminated the long‑standing sponsor requirement for new listings, deleting Policy 2.2 and related forms from its Corporate Finance Manual. The sponsor, a member firm that previously performed due‑diligence and submitted a report, is...
KBRA Assigns Preliminary Ratings to Harvest Funding PLC
Kroll Bond Rating Agency UK (KBRA) has issued preliminary ratings for seven classes of notes issued by Harvest Funding PLC. The notes are backed by a static residential mortgage‑backed securitisation (RMBS) containing roughly £2 bn (about $2.5 bn) of first‑lien UK mortgages,...
Pure Grove Funding, Plaza Trust, and Storm King Funding Transaction 433 Summary
Morningstar’s Canadian Structured Finance Ratings team released a concise overview of Transaction 433, a financing arrangement linking Pure Grove Funding, Plaza Trust, and Storm King Funding. The summary, authored by Vice President Simba Murahwi and senior analysts, outlines the deal’s structure, credit...
Goldman Sachs, Morgan Stanley Buy Delhivery Shares Worth Rs 186 Crore
A consortium of marquee investors led by Goldman Sachs and Morgan Stanley acquired a 0.53% stake in Indian logistics firm Delhivery, buying 40 lakh shares for Rs 186 crore (≈ $22 million). The shares were purchased from venture‑capital firm Nexus Venture Partners at an average...
M&A in the High Protein Market
The UK high‑protein food sector is entering a phase of strategic consolidation, with firms like Yeo Valley and Bako Group formalising long‑standing supplier relationships through acquisitions. Private‑equity investors are shifting focus from crowded protein‑bar lines to savoury, functional snacks, exemplified...
New Goldman Sachs Bitcoin Fund Is Built for Advisers Seeking Yield, Not Traders Chasing the Next Rally
Goldman Sachs filed a Form 485(a)(2) to launch the Bitcoin Premium Income ETF, an actively managed fund that generates yield by selling covered‑call options on Bitcoin exposure. Rather than holding Bitcoin directly, the vehicle will invest in spot Bitcoin ETPs...
Kraken Co-CEO Confirms IPO Filing
Kraken’s co‑CEO Arjun Sethi confirmed the firm filed a confidential IPO registration, only to pause the process last month as crypto markets weakened. The company’s valuation has slumped 33.5% since November, falling to roughly $13.3 billion from $20 billion. Bitcoin’s price dropped...
Why Amazon Is Buying Globalstar—And What It Means for Your iPhone
Amazon announced a $11.57 billion acquisition of Globalstar, securing low‑Earth‑orbit spectrum and satellite assets for its Project Leo network. The deal gives Amazon direct‑to‑device connectivity capabilities and a partnership with Apple to power emergency SOS features on iPhones and Apple Watches. Globalstar’s...
Basel III Proposal Could Boost CMBS Demand
The Federal Reserve, FDIC and OCC have re‑proposed Basel III capital rules that lower risk weights for commercial‑mortgage‑backed securities (CMBS). Senior positions will see the minimum risk weight drop from 20% to 15%, while overall CRE risk weights could fall to...
LaFleur and Trafigura Enter Into Term Sheet for C$30 Million Prepayment Facility and Gold Offtake Agreement
LaFleur Minerals has signed a term sheet with Trafigura Canada for a non‑dilutive prepayment facility of up to C$30 million (≈US$22 million) and a gold doré offtake agreement to fund the restart and expansion of its Beacon Gold Mill in Val‑d’Or, Québec....
REPAY Issues Statement on Veradace Partners’ Letter and Reiterates Commitment to KUBRA Acquisition
Repay Holdings issued a formal response to a letter from activist investor Veradace Partners, reaffirming its commitment to acquire KUBRA. The board highlighted that the transaction will expand Repay’s bill‑payment capabilities, deepen recurring non‑discretionary payment flows, and broaden enterprise client...
Citi, Wells, PNC CEOs Dismiss M&A Likelihood
Citi CEO Jane Fraser told investors on the first‑quarter earnings call that the bank is "crystal clear" about focusing solely on organic growth, dismissing recent speculation about a regional‑bank acquisition. Wells Fargo and PNC CEOs echoed the same stance, saying M&A...
Bank of America Beats Profit Forecasts as Trading, Investment Banking Drive Growth
Bank of America posted a first‑quarter net profit of $8.6 billion, up 17 percent and beating the $1.01‑per‑share consensus. Revenue from sales‑trading surged 13 percent to $6.4 billion, driven by record equity‑trading volumes, while investment‑banking fees rose 21 percent to $1.8 billion. The bank advised on...
Sebi Allows 50% Tweak in IPO Size, Offers Six-Month Relief Amid Volatility
The Securities and Exchange Board of India (SEBI) announced a six‑month window allowing companies to increase or decrease their IPO size by up to 50 % without filing fresh draft offer documents, provided the issue is slated before 30 Sept 2026. The relief...
PDI Picks – 4/13/2026
The first quarter of 2026 recorded the most prolific private‑credit fundraising in the past five years, according to Private Debt Investor data. Pensions, insurers and other institutional investors are actually stepping up their commitments to the asset class. This institutional...
Revolution Medicines Prices $2B Raise as XBI Reaches Heights Not Seen Since Pandemic
Revolution Medicines priced a $2 billion public offering, marking the biotech sector’s largest equity raise since the COVID‑19 pandemic. The capital raise follows a recent positive readout from the company’s late‑stage trial, boosting investor confidence. The move helped lift the SPDR...
Bulls Target Morgan Stanley Stock After Top-Line Beat
Morgan Stanley posted Q1 earnings that beat expectations, delivering $3.43 per share on $20.58 billion of revenue, propelled by strong investment‑banking fees. The stock jumped 4.6% to $191.85, briefly touching a record $194.55, and has risen in seven of the last...
French AviationTech Startup Donecle Bags €10 Million to Grow Drone-Based Inspection Platform
French startup Donecle, which automates aircraft inspections with AI‑driven drones, closed a €10 million ($10.9 million) funding round led by IRDI Capital Investissement and SWEN Capital Partners. The capital will fund rapid expansion across Europe and the United States, bolster AI development,...