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Blackstone Names Rashmi Madan as Global Head of Portfolio Solutions for Private Wealth and Simona Maellare as Head of EMEA for Private Wealth

Blackstone

LONDON, UK – 10 March 2026 – Blackstone (NYSE: BX) today announced two senior leadership appointments to support the acceleration of growth in its private wealth business. With over $300 billion in assets under management from the private wealth channel globally, the business has been a pioneer in serving individual investors for more than two decades.

After overseeing the buildout of the EMEA private wealth business, Rashmi Madan, a 15-year Blackstone veteran, has been promoted to the newly created role of Global Head of Portfolio Solutions. In this new role, Ms. Madan will lead the scaling of Blackstone’s multi-strategy solutions, drawing on her deep expertise across asset classes and longstanding relationships with clients. The firm intends to develop several investment solutions as part of this newly formed initiative.

Simona Maellare will join Blackstone as Head of EMEA for Private Wealth, where she will lead the firm’s efforts to further expand and deepen its private wealth business across Europe and the Middle East. Ms. Maellare was most recently Global Co-Head of Alternative Capital Group at UBS , as well as EMEA Co-Head of OneUBS, and brings more than 30 years of experience advising and partnering with alternative asset managers on capital raising and strategic growth across EMEA.

With a long track record of advising leading asset managers on growth in EMEA, Ms. Maellare brings to Blackstone an exceptional level of expertise, trusted relationships, and a proven ability to build and scale businesses at the highest level.

Together, these appointments strengthen Blackstone’s leadership across two priority business areas for the firm’s next phase of growth and will contribute to the expansion of multi-strategy investment solutions for advisors and their clients and the acceleration of the firm’s international private wealth footprint.

Joan Solotar, Global Head of Blackstone Private Wealth, said: “We’ve built this business by investing in exceptional talent with a deep commitment to clients. Rashmi and Simona each bring distinctive expertise and relationships that are difficult to replicate; Rashmi across multi-strategy solutions, which we see as a powerful growth frontier; and Simona across the European and Middle Eastern markets, where the opportunity for individual investors is substantial. Simona’s arrival and Rashmi’s new role will be instrumental as we continue to build differentiated solutions for our clients globally. I look forward to working closely with them both.”

Rashmi Madan, Global Head of Portfolio Solutions for Blackstone Private Wealth, said: “Multi-asset investing allows clients a way to access the breadth of Blackstone within a single strategy. As private markets continue to broaden and advisors’ toolkits become more sophisticated, Blackstone Portfolio Solutions will help deliver seamless, investor-centric portfolios built on the firm’s flagship perpetual offerings. I look forward to leading this business and capturing the opportunity ahead.”

Simona Maellare, Head of EMEA for Blackstone Private Wealth, said: “I’ve seen the power of Blackstone’s private markets platform first-hand and am thrilled to join this extraordinary firm. The opportunity to bring institutional quality investment strategies to individuals across Europe and the Middle East is compelling, and I look forward to helping accelerate Blackstone’s growth across the region.”

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Contact
Felix Lettau
+44 75870 20020
Felix.Lettau@blackstone.com

Categories: People

Hale Secures ~A$750 Million for Second Vintage Logistics Series Backed by Global Institutional Investors

Warburg Pincus logo
  • Second vintage anchored by Warburg Pincus and Oxford Properties, with a leading institutional investor joining as a new partner
  • Capital to be deployed across opportunistic development and core-plus/value-add strategies, targeting supply-constrained infill logistics markets across Australia

Sydney, Australia, March 10, 2026 — Hale, a vertically integrated Australian logistics manager and developer with A$3.3 billion in AUM[1], today announced the closing of approximately A$750 million in new equity commitments, marking the successful capital raise of the firm’s two flagship investment vehicles, HCLF2 and HCILF2.

The commitments were secured from a consortium of three global institutional investors, including Warburg Pincus and Oxford Properties, both of which have re-committed to this fundraising series after serving as cornerstone investors for Hale’s inaugural vintages. Hale is also pleased to welcome one of the world’s leading institutional investors, with an established global track record in logistics investing, as a new partner for this series.

The new capital will be deployed across Hale’s two primary strategies:

  • An opportunistic fund focused on development of modern and last-mile logistics facilities in supply-constrained urban markets;
  • A value-add/core plus vehicle targeting high-quality income-producing assets and repositioning strategies.

This dual-track raise positions Hale to immediately capitalise on current market dislocations and structural shifts in the Australian logistics market, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. Infill industrial vacancy across key east coast markets remains near historic lows, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.

With partners including Warburg Pincus, Oxford Properties, and a major global investor, Hale combines global insights with local expertise to source, execute, and manage complex, large-scale transactions.

Robert McMickan, Joint Managing Director and Co-founder, Hale:

“Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform. We are particularly grateful for the continued support from Warburg Pincus and Oxford Properties. Having cornerstoned our first vintage, their decision to re-commit to this second series is a strong endorsement of our execution capabilities and track record. Welcoming a pre-eminent global investor as a new partner further underscores our ability to deliver outperformance across the risk spectrum. This capital will allow us to scale with discipline during a pivotal moment in the real estate cycle.”

Andrew Fitzpatrick, Managing Director, Warburg Pincus, said:

“Hale has quickly established itself as a leading infill logistics platform in Australia. Since our partnership began in 2021, the team has demonstrated strong execution, disciplined underwriting, and differentiated origination in supply-constrained urban markets. Our re-commitment reflects our conviction in the long-term growth opportunities in the supply constrained segments of the Australian logistics market and our confidence in Hale’s vertically integrated platform and its ability to consistently deliver across single- and multi-level logistics, cold storage, and industrial outdoor storage. We look forward to continuing to scale the platform alongside Rob, Nick and their exceptional team.”

Alec Harper, Head of Australia, Oxford Properties, commented:

“Oxford’s re-commitment is testament to our deep conviction in the Australian infill logistics sector, and Hale’s world-class management team and platform. Since our cornerstone investment in Hale’s inaugural vintages, the team has successfully executed against strategy, building out one of Australia’s premier last-mile logistics portfolios, and an impressive track-record across the full asset lifecycle. Today’s announcement signifies continued momentum for our like-minded partnership, as Oxford continues to enhance our leading global logistics portfolio.”

About Hale

Founded by Robert McMickan and Nicholas Bradley in 2021, Hale has rapidly grown into one of Australia’s leading logistics-focused fund managers and developers, managing A$3.3 billion[1] in assets on behalf of 7 institutional clients. The platform spans single- and multi-level logistics, cold storage, and industrial outdoor storage.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

About Oxford Properties Group

Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$86 billion of assets across four continents on behalf of their investment partners. Oxford’s owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees. For more information on Oxford, visit www.oxfordproperties.com.

[1] Assets Under Management (AUM) represents the total Gross Asset Value (GAV) of all real estate assets managed by Hale. AUM is calculated on a stabilised basis, reflecting the estimated market value of properties assuming normalised occupancy and market-standard operating expenses.

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Ardian signs an agreement to acquire a majority stake in Casaforte, Italy’s leading self-storage operator, a further step in the creation of a pan-European platform in the sector

Ardian

With this acquisition Ardian’s total investment in the self-storage sector in Italy and France exceeds €300 million, with the aim of achieving diversified geographic exposure and scalable growth
• Another €200 million of investments are planned to support expansion across Europe, with a primary focus on Spain and Germany
• Italy represents one of the fastest-growing markets, offering attractive consolidation opportunities

Ardian, a global private investment firm, announces that it has signed an agreement to acquire a majority stake in Casaforte S.p.A., a market leader in the Italian self-storage sector.

The transaction represents a significant step in Ardian’s strategy to build a scaled, pan-European self-storage platform by consolidating a highly fragmented sector driven by favorable long-term structural trends. Since launching the strategy in 2023, Ardian has already invested €300 million in self-storage. In addition to Casaforte, it has acquired two platforms in France (Costockage and Atout-Box), focused on urban areas characterized by strong demographic growth and increasing demand for new space. The objective is to invest at least a further €200 million in the coming years, with a primary focus on Spain and Germany.

In Italy, Ardian has invested in the sector’s leading player, widely regarded as the pioneer of temporary storage solutions. Casaforte offers significant growth potential in a market that has the lowest self-storage space per capita in Europe and the lowest level of sector awareness, with only 12% of the population familiar with the concept.

Casaforte operates 24 facilities nationwide, representing approximately 80,000 square meters of total space. The portfolio is predominantly concentrated in Northern Italy, with a strong presence in key metropolitan areas such as Milan, Turin, Genoa, Bologna, as well as a presence in Rome.

The company’s success is built on an experienced management team, led by its visionary founder and Chairman, Cesare Carcano, who will continue to play a key role in Casaforte’s development.

“This transaction confirms Ardian’s commitment to strengthening the European dimension of its self-storage strategy. We are particularly focused on Southern Europe, where Italy and Spain continue to show significantly lower penetration rates compared to more mature markets, despite benefiting from the same structural trends – urbanization, mobility and shrinking living spaces. It is precisely this gap between potential demand and existing supply that represents one of the most compelling value creation opportunities in the sector today. We are currently exploring a number of high-potential opportunities in Spain, where discussions are already well progressed, while also considering potential opportunities in Germany that will enable us to further advance our continental growth strategy”. Rodolfo Petrosino, Head of Real Estate Southern Europe & Senior Managing Director, Ardian

“We are proud of this transaction, which is strategically significant for us and accelerates the execution of our European growth plan. We are confident that the experience of the management team, combined with our strategic and financial support and international network, will further strengthen Casaforte’s leadership in the Italian market. We see strong potential for organic growth and selective acquisitions, while preserving the entrepreneurial culture and deep local market expertise that have underpinned the operator’s success to date”. Matteo Minardi, Head of Real Estate Italy & Managing Director, Ardian

“Ardian’s investment marks a key strategic milestone in Casaforte’s growth journey. Over the years, we have built a strong platform with a clear leadership position in the Italian market and a distinctive operating model based on service quality, innovation and deep local market expertise. Partnering with Ardian will enable us to further accelerate the company’s development, strengthen our presence in major urban centers and seize new expansion opportunities, including through targeted acquisitions”.  Cesare Carcano, Founder and Chairman, Casaforte

List of participants

  • Ardian

    • M&A and Debt Advisory: Mediobanca
    • Legal & Tax: Chiomenti
    • Financial DD: Deloitte
    • Technical: Ryze

  • Casaforte

    • M&A: Ethica Group
    • Legal: Advant NCTM

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT CASAFORTE

Casaforte is recognized for its ability to anticipate and address the evolving space needs of both individuals and companies, offering flexible, secure and easily accessible solutions. Through an integrated operating model and disciplined asset management, Casaforte develops and manages modern, functional self-storage facilities designed to meet both temporary and long-term needs.
A strong focus on service quality, operational efficiency and customer experience lies at the heart of Casaforte’s strategy, with the aim of creating sustainable long-term value and contributing to the development of the sector at both local and national levels.

Casaforte.it

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

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Ardian and ADIA to launch new Real Estate Secondaries Platform

Ardian

Ardian, a global private investment firm, has reached an agreement with a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”), to launch a new real estate secondaries platform.

The real estate secondaries market has experienced significant growth in recent years, with transaction volumes reaching a record USD 20 billion in 2025. The current market environment, characterized by a reset in valuations and increased demand for liquidity, provides compelling opportunities to pursue a focused approach to the asset class.

Ardian is a recognized pioneer and leader in Private Equity and Infrastructure secondaries. Having completed selective real estate secondaries transactions on an opportunistic basis, the firm identified the current market as the right time to pursue a more focused approach.

The launch of the new real estate secondaries platform represents the latest expansion of the broad and long-standing relationship between Ardian and ADIA.

This announcement underscores Ardian’s continued commitment to expanding its secondaries platform and reinforces its positioning as a leading global investor across alternative asset classes.

“This platform reflects our conviction in real estate secondaries as an attractive and growing market. We have been closely studying the market for some time and believe now is a compelling moment to enter the market and drive significant value for our investors. By combining our leading global secondaries platform with deep real estate expertise, we can offer both breadth of access and granular insight into the asset class. Together with ADIA, we are well-positioned to capitalize on the opportunities ahead and deliver value for our investors.” Vladimir Colas, Executive Vice-President and Co-Head of Secondaries, Ardian.

“Our relationship with ADIA has been built over many years across multiple strategies. This expansion into real estate secondaries is a natural progression that reflects the depth of trust and collaboration we have developed together.” François Aïssa Touazi, Member of the Executive Committee and Head of Investor Relations (MENA), Ardian

“Ardian has built a long and successful track record of investing in secondaries. This new platform reflects our confidence in both the growth potential of real estate secondaries and the strength of the long-standing relationship between ADIA and Ardian.” Mohamed Al Qubaisi, Executive Director of the Real Estate Department at ADIA.

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT ADIA

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

adia.ae

Media contacts

Ardian

Mithras Partners

ardian-mena@mithras-partners.com 

ADIA

Garry Nickson

garry.nickson@adia.ae

Categories: News

EQT to invest in Kelda Holdings, the parent company of Yorkshire Water

eqt

EQT to invest in Kelda Holdings the parent company of Yorkshire Water

  • EQT has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Yorkshire Water, provider of critical water and wastewater services in the Yorkshire region of the UK
  • EQT is committed to investing further equity to support Yorkshire Water’s investment plan to deliver tangible improvements for customers and the environment  
  • This transaction underscores EQT’s commitment to investing in essential infrastructure and delivering sustainable and leading performance for mission-critical utility services over a long-term investment horizon

EQT is pleased to announce that the EQT Active Core Infrastructure strategy has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Yorkshire Water (“the Company”).  

Yorkshire Water provides essential water and wastewater services to approximately 5.5 million individual customers, serving over two million homes and 140,000 businesses. It operates nearly 700 treatment works, 120 reservoirs, and over 83,000 km of mains across the Yorkshire region.

This transaction takes place as the UK water sector enters a new phase of investment, following the latest regulatory price review. Yorkshire Water is investing significant capital to deliver sustained improvement whilst increasing accountability. EQT, alongside existing investors, will look to play a leadership role in driving progress.

Following completion of the transaction, EQT will work in partnership with its co-shareholders and the Company’s management team to deliver sustainable operational improvements for the benefit of customers and the environment.

EQT is committed to investing further equity to strengthen the Company’s balance sheet which will improve future financial resilience and support continued investment. EQT is also fully supportive of the plan to deliver the Company’s largest ever environmental investment program, with a total of £8.3 billion dedicated to improving services and upgrading infrastructure throughout the region between 2025 and 2030. This investment program will continue to drive a step change in environmental protection, infrastructure resilience and service quality for customers across the region, further supported by the hiring of over 1,000 new employees locally.

EQT’s investment thesis for this transaction is underpinned by an active ownership approach to support the Company in further enhancing environmental performance and service for customers, including advancements in digitization, whilst also fostering long-term investment and employment in the region. The transaction builds on EQT’s strong track record as a long-term partner to critical infrastructure businesses. Resource efficiency and circularity is a central investment theme for EQT’s infrastructure business, underpinned by extensive experience working with complex infrastructure builders, owners and operators, and partnering with governments and leading industrial players. EQT also brings a strong track record in the water sector and broader energy and environmental space, with its current portfolio including SAUR, a leading French drinking and wastewater management company, and Seven Seas Water Group, a multinational operator of decentralized water and wastewater treatment facilities in the USA.

Through its Private Capital and Infrastructure strategies, EQT has invested more than £10 billion of equity in UK-headquartered businesses directly, with more capital deployed through portfolio companies to date. The 13 UK-headquartered businesses, together with several major subsidiaries with a UK presence in EQT’s current portfolio, support around 36,000 high-quality jobs across the country.

Kunal Koya, Partner at EQT Infrastructure said: “Our strong track record as a long-term active owner of large infrastructure assets makes EQT a natural partner for Yorkshire Water. We believe that as a responsible private capital manager, EQT can play an important role in modernizing the UK’s water infrastructure, and the Company’s multi-year investment plan reflects that objective. Together with Yorkshire Water’s existing investors, we will support the sector’s reform agenda and deliver service improvements for customers across the region and transparency for all stakeholders.”

Vanda Murray, Chair, Yorkshire Water & Kelda Holdings said: “We are delighted that EQT has decided to invest in Yorkshire Water. That decision is a strong endorsement of the strategy we are executing, the business plan we have in place, and the quality and experience of our management team. We are making encouraging progress on “Doing Right by Yorkshire” as we continue to strengthen service, resilience and outcomes for customers and the environment, and EQT’s long-term, responsible approach to ownership is well aligned with our priorities. We look forward to working together as we build on that momentum and continue to deliver against our plans.”

Lord Stockwood, Minister for Investment, Department for Business and Trade and HM Treasury said: “I warmly welcome this commitment from a leading global infrastructure investor. EQT’s decision to invest in the UK’s regulated water sector underlines the strength of our investment environment and the trust international partners place in the UK economy. It demonstrates that the UK remains one of the world’s most attractive destinations for long‑term, sustainable investment.”

The acquisition is conditional upon approvals including anti-trust.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the EQT Active Core Infrastructure fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

 

Contact
EQT Press Office, press@eqtpartners.com
Kekst CNC, eqtuk@kekstcnc.com

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KKR and Puma Property Finance Form Strategic Joint Venture of up to £500m to Expand UK Living Sector Lending

KKR

Joint venture will target loans of £20m to £75m to fund best-in-class projects in the residential, BTR and PBSA sectors

9 March 2026, LONDON –KKR, a leading global investment firm, and Puma Property Finance (“Puma”), a specialist UK real estate lender, today announced the formation of a joint venture between Puma and private credit funds, clients and accounts managed or advised by KKR to provide up to £500 million in senior development and stabilisation loans to fund best-in-class residential, Build-To-Rent and student accommodation schemes, providing scaled access to capital in undersupplied UK housing markets.

The joint venture combines Puma’s established origination platform and track record in UK real estate lending, with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.

The three-year forward-flow partnership will target loans of £20 million to £75 million in the UK living sector, including build-to-rent, build-to-sell and purpose-built student accommodation. The platform is designed to support experienced developers delivering high-quality projects in supply-constrained markets.

Since inception in 2012, Puma Property Finance has provided approximately £2 billion of UK real estate-backed loans and has developed longstanding relationships with sponsors across the residential and student accommodation sectors.

The newly formed strategic partnership will enable Puma to expand its capacity in the £20 million-plus loan segment, where demand for institutional capital continues to outpace supply. It also illustrates the enduring appeal of the UK living sectors, which attracted investment of £12bn throughout 20251. Demand for funding is reflective of the continued shift towards non-bank lenders in UK development finance, which together accounted for 57% of all commercial development lending last year2.

“We are pleased to work with Puma Property Finance to scale access to institutional capital in the UK residential development market,” said Anirban Ghosh, Managing Director at KKR. “We believe this platform is well positioned to support experienced developers delivering much-needed housing across the country, combining Puma’s local expertise and origination capabilities with KKR’s global credit platform and disciplined underwriting approach.”

Puma’s specialist development lending team will be responsible for sourcing, underwriting and managing the loans on behalf of the joint venture, working alongside KKR’s global credit platform, which will provide institutional capital, structuring expertise and investment committee oversight. The strategic partnership with KKR caps a stellar last 12 months for Puma, which saw it exceed £2 billion of loans provided to date, as well as announcing the first close of Puma Real Estate Secured Credit Fund.

Paul Frost, Managing Director of Puma Property Finance, commented:

“We are delighted to be working with KKR. KKR’s global standing is second to none, and their backing is a clear endorsement of the strength of the business we have built at Puma, as well as the robust demand for UK real estate credit among global allocators of capital.

“This new joint venture provides our origination teams with access to attractively priced, scalable capital to support best-in-class developers across the UK living sectors. It complements our existing capital lines well and means we can support more high ‑ quality developments with the service levels, flexibility and human touch that people have come to expect from Puma.”

Puma was advised by Ashcombe Advisers and Greenburg Traurig.

-END-

Notes to Editors:

Sources:

1 CBRE UK Living Investment Figures Q4 2025

2 LESSEL (English)

Media contact

Mark Dixon, Puma Property Finance

mark.dixon@pumacapitalgroup.co.uk | +44 (0)797 746 8870

Emma Black, KKR

kkrpr-uk@kkr.com

About Puma Property Finance

Puma Property Finance provides reliable and flexible funding solutions to experienced property professionals across the UK, delivering loans of £10 million to £100 million (with potential to lend more by exception). Puma has a strong track record in the living sectors as well as operational real estate including care homes, student accommodation and hotels.

Find out more: www.pumapropertyfinance.co.uk

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Disclaimer

Any reference to lending is to the loans made by the clients of Puma Property Finance Limited that conduct unregulated lending, including Heritage Square Limited, Oasis Lending LLP and PRESC LendCo I S.à.r.l. Puma Property Finance Limited supports these clients in the origination, execution, and monitoring of such loans.

Puma Property Finance Limited is a private limited company registered in England and Wales under Company number 11685426. Registered office address: Cassini House, 57 St James’s Street, London SW1A 1LD. Puma Property Finance Limited is not authorised or regulated by the Financial Conduct Authority, (“FCA”). Puma Property Finance Limited activities do not constitute regulated investment business. As such, clients of Puma Property Finance Limited will not be afforded the protections available under the rules of the FCA and will not be eligible for compensation under the rules of the Financial Services Compensation Scheme (“FSCS”).

 

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Carlyle Announces Strategic Financing for Unifi Aviation

Carlyle

NEW YORK, NY – March 9, 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced a strategic financing for Unifi Aviation, a global aviation services company and the largest ground handling provider in North America.

The financing will help simplify Unifi’s ownership structure and provide growth capital as the company expands its service offerings and footprint across the aviation ecosystem.

With over 45,000 employees operating at more than 240 airports, Unifi generates more than $2 billion in revenue and serves a diversified customer base. The company delivers mission-critical ground handling, cabin cleaning, passenger services, security, and cargo solutions that enable safe and efficient operations across the aviation sector. Beyond its extensive U.S. footprint, Unifi maintains a strong presence in Canada, the UK, Ireland, and the Netherlands—and continues to expand its global operations.

“Our partnership with Carlyle marks an important milestone for Unifi. Their deep expertise in private credit and aviation services, combined with their conviction in our business model and management team, enables us to unlock new opportunities for our customers and stakeholders. Carlyle’s ability to navigate complex situations and support high-growth companies like Unifi makes them an ideal partner as we enter our next phase of expansion,” said Karan Ishwar, CEO of the Argenbright Group, majority owner of Unifi.

Frank A. Argenbright Jr., Chairman of the Argenbright Group further stated, “This strategic financing arrangement with Carlyle provides us the capital and confidence to expand our footprint and deliver even greater value to the clients we serve. Carlyle brings a sophisticated understanding of our industry, and their support reinforces the strength of our strategy and the momentum behind our business.”

“Unifi is a core part of the aviation infrastructure in North America, and we are pleased to support the business through this flexible capital solution,” said Gary Jacovino, Partner on Carlyle’s Credit Opportunities team. “Unifi’s scale, performance-driven culture, and track record of service excellence positions it well for long-term growth as a critical strategic partner to the global aviation industry.”

Carlyle’s Credit Opportunities strategy within the firm’s Global Credit platform seeks to provide highly structured and privately negotiated solutions across the capital structure to family, founder, and management-owned businesses, sponsor-backed companies, and special situations, with a focus on long-term value creation. Carlyle’s Global Credit platform has $211 billion in assets under management as of December 31, 2025.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

About Unifi Aviation

Unifi Aviation, LLC® is a global aviation services company and the largest ground handling provider in North America, with more than 45,000 employees servicing over four million flights annually. Operating at more than 240 airports, Unifi provides a full range of services, including ground handling, passenger transport, security, cabin cleaning, and ground support equipment maintenance. In addition to its extensive U.S. footprint, Unifi has a well-established presence in Canada, the UK, Ireland and the Netherlands, employing thousands of team members across aviation and adjacent service industries, and continues to expand its global operations. Headquartered in Atlanta, Georgia, Unifi is part of the Argenbright Group. For more information, visit unifiservice.com.

 

 

 

Media Contact

Unifi

mediarelations@unifiservice.com

 

Carlyle

Kristen Ashton
212-813-4763
kristen.ashton@carlyle.com

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819 Capital Partners acquires key assets of Lead Pharma, enabling continuation of operations

819 Capital Partners

Deventer, 6 March 2026 – 819 Capital Partners has acquired the key assets of Lead Pharma, thereby realizing a continuation based on the company’s patent portfolio and associated research programs.

The transaction includes intellectual property rights, research data, and selected development programs.

Lead Pharma develops innovative small-molecule medicines for the treatment of cancer and autoimmune diseases. Over the past years, the company built a strong research platform and multiple drug candidates, collaborating with international pharmaceutical companies such as Roche and Sanofi.

The acquisition is realized by 819 Capital Partners, through its 819 Evergreen Fund, together with Waterman Ventures and the former management of Lead Pharma. Going forward, the focus will be on the further development and valorization of the most promising components of the portfolio of Lead Pharma.

Following a period of financial restructuring, the activities have been secured through an asset transaction. This transaction lays a new foundation for the continuation and further development of the programs, and for entering into new collaborations aimed at advancing development.

Frans van den Berg, Chief Executive Officer of Lead Pharma, commented: “This asset acquisition with the support of 819 Capital Partners enables us to continue Lead Pharma’s projects in a focused manner and to make the development of new medicines for patients possible.”

819 Capital Partners views the transaction as a strategic investment in a mature biotech patent portfolio, with the aim of advancing the development of the programs and creating value through further development and strategic partnerships.

About 819 Capital Partners

819 Capital Partners is an investment firm managing multiple funds with targeted investment strategies. Its open-ended 819 Evergreen Fund is quarterly open for new investors and invests in companies focused on deep-tech and med-tech. The firm invests in sectors such as healthcare and technology, addressing societal challenges including aging populations.

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Formue acquires Danish Secure Spectrum – becomes a leading independent wealth manager in Denmark

IK Partners

Oslo/Copenhagen/Stockholm – Formue, a leading Nordic independent wealth manager, has entered into an agreement to acquire Secure Spectrum, a highly regarded Danish wealth management firm. The acquisition significantly accelerates Formue’s expansion in Denmark and strengthens the company’s position as an independent alternative to traditional banks in the Nordics.

“Secure Spectrum brings an exceptional team and a client base with deep expertise. We are excited to welcome them to Formue. By uniting our Danish operations, we significantly strengthen our market position and enhance the value we can deliver to all clients in Denmark”, says Formue CEO Christian Dahl.

“This marks an exciting new chapter for Secure Spectrum’s clients. Formue brings a wealth management approach that is deeply personal and forward-thinking, crafted to serve the ambitions of today’s families and individuals and the needs of the next generation. I see a truly promising future for Formue in Denmark, and I look forward to shaping this journey together with our clients and the team,” says Morten Therkildsen, CEO of Secure Spectrum.

Following the acquisition, Formue will manage approximately NOK 250 billion in assets and serve around 7,000 clients, supported by a team of 420 employees across Denmark, Sweden, and Norway. The company sees strong growth potential in existing markets and new geographies, supported by a global shift in which wealthy individuals and families turn to independent advisors who prioritize their interests and help them navigate rising uncertainty.

“International studies indicate that the next generation of wealthy individuals wants globally diversified portfolios, access to alternative investments, and an advisor who blends personal service with a modern digital platform. These evolving expectations play directly to Formue’s strengths – giving us a powerful platform for accelerated growth”, says Christian Dahl, Group CEO of Formue.

The transaction is subject to approval by the Danish Financial Supervisory Authority.

Contact
Christian Dahl, CEO Formue Christian.dahl@formue.no, +47 92 03 57 85
Morten Therkildsen, CEO Secure Spectrum mt@securespectrum.dk, +45 40 40 44 17
Ingun Stray Schmidt, Head of PR, Formue, ingun.stray.schmidt@formue.no, +47 95 92 93 33

About Formue

Formue is a leading pioneer in wealth management across the Nordics, with 18 offices in Norway, six in Sweden, and one in Denmark. Renowned for exceptional client satisfaction and award-winning technology, Formue delivers an unparalleled breadth and depth of advisory services in the markets where it operates. Prior to the transaction, the company managed and advised on NOK 180 billion, investing across a wide range of public and private markets and asset classes. For ten consecutive years, Formue has been recognized for providing Norway’s best client experience (Kantar Sifo Prospera).

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About Secure Spectrum

Secure Spectrum is a highly respected wealth management firm serving affluent individuals and institutional clients in Denmark. With NOK 70 billion under management, 550 clients, and a team of top-tier professionals, the company is widely recognized for its expertise in alternative investments and institutional-quality solutions.

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Ratos company HL Display completes the acquisition of Deinzer Holding GmbH

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Ratos

Ratos announced December 22, 2025, that HL Display signed an agreement to acquire Deinzer

Holding GmbH a full-service provider of custom-made point-of-sale display solutions for retailers and brand suppliers.

The add-on acquisition is completed as of, March 2, after customary regulatory approval and other conditions were met. The acquisition will further strengthen HL Display’s bespoke offer as well as its position as a leading supplier of in-store merchandising and communication solutions in Europe and is the latest step in the company’s accelerated growth journey.

Having shaped visibility at the point of sales for decades, Deinzer and its team of 180 employees have built a reputation for high quality custom design and production as well as strong customer relationships.

As of March 2, Deinzer will be reported in HL Display’s financials. Deinzer had 30 MEUR turnover and an adjusted EBITA margin of 10% in 2025. Transaction costs amounting to 0.8 MEUR will impact the numbers for the first quarter 2026.

About HL Display
HL is a leader in in-store merchandising and communication solutions, helping customers to create a better shopping in-store experience for shoppers and personnel. Founded in 1954 and today present in more than 70 countries and solutions can be found in 350,000 stores. The company supports its customers to grow sales, inspire shoppers, drive efficiency, reduce waste and improve work in-store. Headquartered in Stockholm, Sweden and sales offices in 24 countries covering 40 markets as well as distribution partners covering the remaining markets globally. HL Display has 1,500 employees and net sales of SEK 3,000m (2025).

Ratos is the majority owner of HL Display.

For more information, please contact:
Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 19 billion and an adjusted EBITA of SEK 1.9 billion in 2025, and with a total workforce of around 9,100 employees. Ratos is headquartered in Stockholm, Sweden.

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