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Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

Massive fundraising numbers lift Blackstone above $500bn AUM mark

With these results, Blackstone is more than halfway to its goal of managing $1trn by 2026.

MCC to amend original merger proposal, consider a solo sale

In a term sheet settlement with FrontFour Capital Group, MCC also added FrontFour founder, David Lorber, and one other to its board of directors.

Blackstone to become corporation after Trump tax cuts

New status is expected to widen the range of US and foreign owners of Blackstone’s stock.

The regulation blocking a windfall

Canada’s Northleaf is raising an evergreen senior debt vehicle that has attracted the country’s mutual funds, providing a glimpse of what life for US managers could look like if a key rule were rolled back.

Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.

IFC’s private loan platform attracts $7.1bn from insurers, Asian institutions

The growing investor appetite in private loans echoes in the IFC’s emerging market private loan program, sized over $7bn and backed by global insurers and Chinese and Hong Kong institutions.

Northleaf Capital Partners raises more than $500m for initial open-ended fund

The vehicle is meant to compliment the firm’s existing closed-ended credit fund, both of which will invest in mid-market companies.

MBK Partners garners $850m for its first special situations fund

The buyout shop was looking to raise $750m-$1bn for the vehicle and is targeting returns from 20-25%

EIB to lend €100 million to Dutch and German SMEs through Funding Circle

Lending platform expects loans to create more than 2,500 jobs as part of a European investment plan.

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