News

Asset manager PineBridge Investments closed PineBridge Private Credit III (Fund III) as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the firm’s private credit team raised $1.7 billion of capital in Fund III.

According to the inaugural European private data insights and outlook report on the direct lending market from KBRA DLD, a division of KBRA Analytics, M&A activity returned in Q4/23 after a slow pipeline for most of the year.

Alternative asset manager Blue Owl Capital and Lunate, an alternative investment manager headquartered in Abu Dhabi that manages $105 billion in assets, formed a joint venture to provide growth capital to mid-sized private capital GPs.

Tiger Group and AVGear.com are collaborating to conduct an auction of new, refurbished and certified professional audio-visual equipment. The two-day online auction will held from Feb. 20 to Feb. 21 and will feature more than $5 million in pro AV...

Funds managed by Ares Management’s credit group closed approximately $10.1 billion in U.S. direct lending commitments across 78 transactions during Q4/23 and approximately $22.4 billion in direct lending commitments across 217 transactions in 2023 overall.

BNP Paribas Wealth Management and BNP Paribas Cardif formed a partnership with Blackstone to offer “Blackstone European Private Credit Fund,” a new unit-linked private debt-based account.

Asset Compliant Solutions (ACS), a provider of asset-based lending and lease finance solutions, completed a Service Organization Control (SOC) 2 Type 2 audit.

White Oak Global Advisors and its financing affiliates deployed $1.1 billion in capital in 2023, with White Oak Commercial Finance, the asset-based lending affiliate of White Oak Global Advisors, deploying more than $600 million in asset-based loans.

Registration is now open for the 15th Annual Philadelphia Credit & Restructuring Summit. The conference will take place March 21 from 11 a.m. to 6:30. p.m. ET at the Union League of Philadelphia.

Culain Capital Funding provided a $.35 million accounts receivable factoring facility to a mechanical services company based in Houston.