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.
Ares Management Corp. closed its latest European direct lending fund at $13.2 billion, exceeding its target and reaching its hard cap.
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.
Marcus Duley was named managing director at Walker & Dunlop and will head transaction execution for real estate equity and real estate debt.
Alternatives strategies had mixed first quarters of the year, with private debt, infrastructure and real estate continuing to be challenged.
Richard Johnson joined Appian Capital Advisory as global head of investor relations and a managing director.
European alternative investment funds recorded a drop in valuations amid the COVID-19 crisis, following liquidity constraints in 2019.
CI Financial launches Axia Real Assets, a global real estate and infrastructure joint venture, retaining a 50% ownership stake.
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.
Daniel McHugh was appointed CIO of Aviva Investors' $66.2 billion real assets business.
Apollo Global Management and other alternative managers are pushing to expand into retail investment.
Fundraising in private debt, private equity and real estate fell last year, while enthusiasm for infrastructure investing grew in 2020.
Blackstone reported $618.6 billion in AUM, up for the quarter and year. The firm also announced its acquisition of Allstate Life Insurance.
Leon Black is stepping down as Apollo CEO after the completion of a review of his relationship with convicted sex offender Jeffrey Epstein.
Completed transactions on the alternative investment secondary markets fell in 2020, down 27.7% from transaction volume the prior year.
Alternative money manager Onex Corp. acquired private credit manager Falcon Investment Advisors.
GP-led recapitalizations of existing assets are expected to continue growing in 2021, giving GPs time and capital to invest.
Sujan Patel was named head of real estate at distressed debt and private equity manager Strategic Value Partners, a new position.
Martin Laguerre and Jean-Marc Arbaud will take on many duties at Caisse de Depot et Placement du Quebec previously handled by Macky Tall.
Macky Tall was named co-chairman of The Carlyle Group's infrastructure group.
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.