Purchase of boutique manager and life and annuity business adds $20bn to the firm’s AUM.
The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.
The firm closed $166m of deals, for nearly 2,000 units, in Q4 2023.
Music royalties backed the financing.
Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.
Mubadala will hold the majority of subordinated notes in the $400m mid-market CLO.
Earnings report beats analyst expectations, with credit fund performance lining up with other asset classes.
Alex Griffith and Natalia Quiroga Porkhoun take a look at some of the similarities and differences between holdo financing in the UK and US.
It’s a rewarding time to be invested in private debt, but no one should get too carried away by the hype around the asset class.
The seventh vintage of the manager’s direct lending fund raises C$350m and targets high-quality, mid-market Canadian businesses.