TA Associates closed two funds, both at their hard caps: the $12.5 billion TA XIV and $1.5 billion TA Select Opportunities Fund II.
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.
Investors like health care because it's resilient, but there are risks, such as headline risk, to consider.
Lawmakers and plan sponsors are taking a closer look at private equity's impact on health-care providers.
In partnering with Hamilton Lane, Russell Investments wants clients to understand that the deal is more than a sub-advisory relationship.
Apollo Global Management Inc. leaned heavily on capital from its limited partners as it expanded its relationship with Athene Holding.
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.
Edward Kung joined private credit manager Varagon Capital Partners as a managing director of business development and investor relations.
Brown University's Joseph Dowling joined Blackstone as global co-head of its alternative asset management unit.
Global alternative investment fund administrator Alter Domus is acquiring U.S. fund administrator Strata Fund Solutions.
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.
Private equity and private debt funds raised less money in the first nine months of 2020 compared to the same period a year ago, data show.
HPS Investment Partners closed its latest mezzanine debt fund, HPS Mezzanine Partners 2019, with about $11 billion.
StepStone Group plans to go public in an initial public offering that could raise as much as $100 million.