BlueFive Targeting $3bn Defence-Focused Fund Amid Rising Regional Military Spending
Abu Dhabi‑based private equity firm BlueFive Capital is launching a $3 bn fund to invest in aerospace and defence companies as Middle East military spending rises. The vehicle targets an initial $1 bn close by Q3 2026 and will back firms whose technologies meet NATO standards. Former UK Defence Secretary Michael Fallon is acting as senior adviser, courting investors and portfolio companies. The move follows heightened demand for air‑defence systems and strained global supply chains, with the US accelerating weapons sales to regional allies.
Major US Banks Detail Exposure to Private Credit Lending as Investors Scrutinise Risks
Major U.S. banks are unveiling the size of their private‑credit exposures as investors demand greater transparency. Wells Fargo disclosed roughly $36 bn tied to corporate debt, including $6 bn in private BDC loans, while JPMorgan reported about $50 bn and Citigroup $22 bn in warehouse...
Golden Goose Secures €880m Bond Package to Support HSG-Led Buyout
Golden Goose secured an €880 million ($950 million) bond package to finance the HSG‑led buyout, underscoring the growing reliance on debt financing in European private equity. Meanwhile, TCW wrote down its Red Lobster equity stake by 98%, TPG is closing in on...
Adams Street Closes $7.5bn Private Credit Fund as Strategy Assets Reach $15bn
Adams Street closed a $7.5 billion private‑credit fund, pushing its strategy’s assets under management to $15 billion. Leonard Green is close to a $3 billion buyout of construction consultancy Cumming Group, while Thoma Bravo is merging HCSS with Nemetschek Build & Construct to create a global construction‑tech platform....
Commvault Explores Sale Amid Private Equity Interest
Commvault Systems, a $3.5 billion data‑protection software firm, is weighing strategic alternatives, including a sale, after receiving interest from private‑equity players and strategic buyers. The company has hired Goldman Sachs to run the process, with Thoma Bravo reportedly re‑engaging after an...
Ping An to Trim $1bn Software Private Equity Exposure via Secondary Sale
China's Ping An Insurance Group is arranging a secondary sale of roughly $1 bn of software‑focused private‑equity fund stakes, with placement agent Campbell Lutyens advising. The assets include late‑2010s Vista Equity Partners funds and a North America‑focused KKR vehicle. This follows...
Partners Group Eyes Gating Withdrawals as Private Credit Liquidity Pressures Build
Partners Group warned it could gate investor withdrawals if redemption requests exceed predefined thresholds, a move reflecting mounting liquidity stress in private credit markets. The Swiss‑listed manager oversees about $185 billion in assets and has seen its shares fall roughly 17%...
PolyPeptide Draws Takeover Interest From EQT and KKR
Swiss contract development and manufacturing firm PolyPeptide Group AG is drawing acquisition interest from private equity giants EQT and KKR, with Advent International also evaluating a bid. The potential deal could involve billionaire controlling shareholder Frederik Paulsen Jr, easing transaction...
S&P Dow Jones Launches New CDS Index Facilitating Bets Against Private Credit
S&P Dow Jones Indices has introduced a credit‑default‑swap (CDS) index that gives investors direct exposure to the private‑credit market, allowing them to take bearish positions. The index, comprising 25 North American financial entities—including banks, insurers, REITs and business development companies...
EQT Joins Bidding Race for Royal Challengers Bengaluru
Swedish private equity firm EQT has entered the auction for the Indian Premier League franchise Royal Challengers Bengaluru (RCB). The firm is competing with existing owners and other suitors, with the sale rumored to exceed $1.5 billion. EQT sees the sports‑entertainment...
Carlyle Limits Withdrawals From Private Credit Fund Amid Surge in Redemption Requests
Carlyle has placed a 5% cap on withdrawals from its $7 billion Tactical Private Credit Fund after investors submitted redemption requests equal to roughly 15.7% of the fund’s net asset value in Q1. The gate allowed the firm to return about...
Marsh’s Mercer Raises $3.8bn for Latest Private Markets Vehicle
Marsh’s Mercer closed a new private‑markets vehicle at $3.8 bn, topping its target and underscoring strong investor appetite for diversified alternatives. Meanwhile, North American pension plans held their private‑credit allocations steady despite recent market strains, while Ares announced a $1.7 bn all‑cash...
North American Pensions Hold Firm on Private Credit Allocations Despite Market Strains
North American pension giants such as CalSTRS are holding steady on private‑credit allocations, even as the market wrestles with higher redemption requests and tighter underwriting standards. The funds view private credit as a long‑duration, income‑generating asset, keeping exposures that range...
UK Regulators Set to Tighten Oversight of Private Equity-Linked Insurance Structures
UK regulators, led by the PRA, are preparing stricter rules for funded reinsurance structures that insurers use to offload liabilities to offshore reinsurers often backed by private‑equity capital. The move follows concerns over growing interconnectedness between insurers, pension risk transfers...
General Atlantic Completes $3bn Acquisition of Home-Care Provider Team Services
Private equity giant General Atlantic completed a $3 billion acquisition of home‑care provider Team Services, marking one of the largest deals in the sector this year. The transaction follows a wave of activity, including Tinicum and Blackstone’s $1.75 billion purchase of UK...
