Ares Management is acquiring real estate manager Black Creek Group, which would increase Ares' real estate AUM to about $29 billion.
Apollo Global Management reported $461.1 billion AUM as of March 31, up 1.2% from Dec. 31 and up 46.1% from a year earlier.
Alternative investment managers’ combined assets under management grew 5.1% to an all-time high of $7.4 trillion in 2020.
Ares' dividend recapitalization of portfolio company DuPage Medical has drawn criticism from Moody's.
Private credit managers with the help of permanent capital, funds and co-investments, are aiming to make large bank-like loans.
BentallGreenOak is acquiring The Carlyle Group's real estate secondary market business, Metropolitan Real Estate Equity.
Apollo Global Management and other alternative managers are pushing to expand into retail investment.
Blackstone reported $618.6 billion in AUM, up for the quarter and year. The firm also announced its acquisition of Allstate Life Insurance.
GP-led recapitalizations of existing assets are expected to continue growing in 2021, giving GPs time and capital to invest.
Margaret McKnight joined StepStone Group's real estate group as a partner focusing on its consulting, secondaries and co-investments.
Alisa Mall was named managing director, corporate strategy, at life sciences private equity firm Foresite Capital.
KKR & Co. reported $233.8 billion in AUM as of Sept. 30, a 5.4% increase from three months earlier and up 12% from a year earlier.
Apollo Global Management's top executives said Leon Black's business relationship with Jeffrey Epstein could cut into fundraising.
DivcoWest has closed its sixth value-added real estate fund at $2.25 billion, above its $1.5 billion fundraising target.
Los Angeles Fire & Police Pensions is increasing private equity and added private credit at the expense of commodities.
Sixty-three percent of investors in alternatives do not anticipate changes in response to the COVID-19 crisis, a Preqin survey indicated.
Publicly traded alternative investment firms are increasing AUM by buying insurance companies and adding retail clients.
Institutional LPs are committing more of their money with megamanagers, even as those firms seek to manage money for insurance companies and retail.
Carlyle Group had $221.4 billion in assets under management as of June 30, up 2% from March 31 but down 0.6% from a year earlier.
Apollo Global Management announced a record $413.6 billion in assets under management as of June 30, up 31.1% from three months earlier.
Blackstone Group reported $564.3 billion assets under management as of June 30, a 4.9% increase from March 31 and up 3% year-over-year.
Blackstone Group closed its latest secondary market infrastructure fund, Strategic Partners Infrastructure III, with $3.75 billion.
Jeffrey D. Sharon has joined Cohen & Steers as head of North America institutional business development and consultant relations.
Donald Bethe has joined real estate firm Resmark Cos. in the new position of executive vice president, capital markets.
Private credit may not turn out to be safer than equity investments in the wake of the COVID-19 crisis.