New Content Archives - Page 6 of 19

Farr Joins Apollo as Senior Partner to Lead Capital Solutions Activities

Craig Farr joined Apollo Global Management as a senior partner to lead the firm’s capital solutions activities. In this newly created role, Farr will spearhead Apollo’s centralized origination, structuring and distribution platform.

BC Partners Credit Launches GP and NAV-Based Financing Strategies

BC Partners Credit launched GP and NAV-based financing strategies, with Tom Glover serving as operating advisor. The strategy will address the private equity industry’s growing demand for non-dilutive debt and preferred equity capital.

May 17, 2021 BC Partners Credit | Ted Goldthorpe | Tom Glover Ian Koplin

H.I.G. Capital Completes $225MM Strategic Minority Investment in eHealth

H.I.G. Capital completed a $225 million strategic minority investment in eHealth in the form of convertible preferred stock.

May 17, 2021 Aaron Tolson | eHealth | H.I.G. Capital | Scott Flanders Ian Koplin

Adams Street Partners Hires Richards as Partner for Private Credit Team

Adams Street Partners, a private markets investment management firm with $45 billion of assets under management, added Leland Richards to the firm as a partner on its private credit team. Richards most recently served as managing director at Churchill Asset Management.

May 13, 2021 Adams Street Partners | Bill Sacher | Leland Richards Phil Neuffer

Monroe Capital Closes $455MM CLO Transaction

Monroe Capital closed a $455 million term debt securitization known as Monroe Capital MML CLO XI. The term financing is Monroe Capital’s sixth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.

May 11, 2021 BNP Paribas | Jeremy VanDerMeid | Monroe Capital | Private Debt Investor Ian Koplin

Ares’ Private Equity Group Sells Farrow & Ball to Hempel Group

A fund managed by Ares Management’s private equity group signed a purchase agreement to sell Farrow & Ball, a UK-based manufacturer and retailer of paint and wallpaper, to Hempel Group.

Atalaya Capital Management Takes Minority Stake in Dakota Financial

Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, took a passive, minority equity investment in Dakota Financial, an asset-based specialty finance company based in Los Angeles.

May 11, 2021 Atalaya Capital Management | Dakota Financial | Ivan Zinn | Michael Green Ian Koplin

Boundary Street Capital Closes Credit Fund with More Than $330MM in Capital Commitments

Boundary Street Capital, a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, closed BSCP SBIC I, a credit fund with more than $330 million in capital commitments.

May 7, 2021 Boundary Street Capital | BSCP SBIC I | Rashad Kawmy Ian Koplin

Balance Point Capital Expands Investment Team with Promotion and New Hires

Balance Point Capital promoted Elliot Hambrecht to senior associate and hired Seth Tutlis as a managing director and Rory Cunnane and Emily Dang as associates.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

Category: New Content