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Apollo Names Bert Crouch Head of Real Estate Equity

Apollo logo

NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Bert Crouch has been named Partner and Head of Real Estate Equity at Apollo. Crouch will lead Apollo’s real estate equity business, encompassing Bridge Investment Group (“Bridge”), the real estate equity platform company acquired earlier this year, as well as the firm’s existing strategies. Robert Morse, currently serving as Executive Chairman of Bridge, will transition into a Vice Chairman role at Apollo focused on origination along with corporate and client relationships. Jonathan Slager will continue in his role as CEO of Bridge, working alongside Crouch to drive growth across the real estate equity platform.

Crouch brings more than 20 years of real estate investment and portfolio management experience across equity and credit, with a focus on thematic, high conviction strategies across the capital structure. He joins Apollo from Invesco Real Estate, where he most recently served as Head of North America since 2020, Chief Executive Officer of Invesco Commercial Real Estate Finance Trust, Inc. since its launch in 2023, and Lead Portfolio Manager of various opportunistic and credit funds dating back to 2010. Crouch was also a member of Invesco Real Estate’s Global Executive Committee and Invesco Private Markets’ Executive Committee.

Apollo Partner and Co-Head of Equity David Sambur said, “Bert is an industry veteran with deep investment experience, leadership acumen and a strong track record of driving growth initiatives, and his hiring underscores Apollo’s commitment to support a best-in-class real estate equity business. We believe our leading platform is well-positioned in the industry, with capabilities that span equity and credit and an exceptionally talented senior team. I am confident Bert’s leadership will accelerate our ability to execute on our long-term strategy amid improving market fundamentals.”

Crouch said, “Joining Apollo at this moment represents a unique opportunity to help lead a scaled, vertically integrated real estate platform with the ability to invest across cycles and deliver for clients in both institutional and wealth channels. We see clear market opportunities emerging, particularly in sectors where Apollo has strong conviction, including housing, industrial, net lease and other key verticals. I look forward to working with the team and our investors to build on this strong foundation and drive the business’ next phase of growth.”

Morse said, “Bert is a talented real estate investor and executive who is ideally suited to drive growth in Apollo’s real estate equity business. Bringing on a leader of his caliber speaks to the strength of our combined platform as we position the business for long-term success.”

Slager said, “Bridge and Apollo share a deep commitment to performance, innovation and partnership, and with Bert’s addition, we are even better positioned to execute on our strategy, capitalize on emerging opportunities and deliver strong outcomes for our investors.”

Apollo’s real estate platform has more than $110 billion of assets under management with diversified investment strategies across real estate equity and credit. Apollo’s real estate equity franchise operates with specialized investment expertise and a nationwide operating footprint.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Categories: People

Hologic to be Acquired by Blackstone and TPG for up to $79 per Share

Blackstone

Hologic Stockholders to Receive $76 per Share in Cash Plus a Contingent Value Right of up to $3 per Share Payable Upon Achieving Certain Revenue Milestones

Represents 46% Premium to Hologic’s Closing Price on Last Trading Day Prior to Media Reports of Possible Transaction

Transaction Includes Significant Minority Investments from ADIA and GIC

Transaction Will Help Hologic Strengthen its Leadership in Women’s Health and Accelerate Growth

Marlborough, Mass; New York, NY; San Francisco, CA and Fort Worth, Texas, October 21, 2025 – Hologic, Inc. (Nasdaq: HOLX) today announced that it has entered into a definitive agreement to be acquired by funds managed by Blackstone (“Blackstone”) and TPG in a transaction valued at up to $79 per share, representing an enterprise value of up to $18.3 billion.1

Under the terms of the agreement, Blackstone and TPG will acquire all outstanding Hologic shares for $76 per share in cash plus a non-tradable contingent value right (CVR) to receive up to $3 per share in two payments of up to $1.50 each, for total consideration of up to $79 per share in cash. The non-tradable CVR would be issued to Hologic stockholders at closing and paid, in whole or in part, following achievement of certain global revenue goals for Hologic’s Breast Health business in fiscal years 2026 and 2027.

The aggregate purchase price represents a premium of approximately 46% to Hologic’s closing price on May 23, 2025, the last full trading day prior to media reports regarding a possible transaction involving Hologic. The transaction includes significant minority investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and an affiliate of GIC.

“Today marks an exciting new chapter for Hologic as we join forces with the exceptional teams at Blackstone and TPG,” said Stephen P. MacMillan, Hologic’s Chairman, President and Chief Executive Officer. “With their resources, expertise and commitment to women’s health, Blackstone and TPG will help accelerate our growth and enhance our ability to deliver critical medical technologies to customers and their patients around the world. This transaction delivers immediate and compelling value to Hologic stockholders, reflecting the dedication of our employees whose hard work has made this milestone possible.”

Ram Jagannath, a Senior Managing Director at Blackstone, said: “Hologic is an outstanding global leader in advancing women’s health, with a longstanding reputation for groundbreaking and high-quality medical device and diagnostic products. We have closely followed the Company for many years and long admired the positive impact its life-changing technologies have had for millions of patients worldwide. We are thrilled to partner with its highly talented and capable employees, alongside TPG, to further invest in Hologic’s continued product innovation and growth.”

“Hologic’s innovation-driven medical products and technologies are advancing detection and care to improve health outcomes for women around the world,” said John Schilling, M.D., Co-Managing Partner of TPG Capital. “Investing behind healthcare innovation has been a core focus for TPG for decades, and Hologic represents a compelling opportunity to draw upon our deep thematic expertise to support the development of next-generation solutions that will continue to promote strong clinical results and enhance patient care. We’re proud to partner with the Hologic team and Blackstone in this exciting new chapter.”

Approvals, Timing and Transaction Details
The transaction is expected to close in the first half of calendar year 2026, subject to the approval of Hologic’s stockholders, the receipt of required regulatory approvals and the satisfaction of certain other customary closing conditions. The Hologic Board of Directors has unanimously approved the merger agreement and recommends that Hologic stockholders vote their shares to approve the transaction and adopt the merger agreement.

Blackstone and TPG have secured committed financing for the transaction. They have delivered to Hologic a debt financing commitment letter from Citi, Bank of America, Barclays, Royal Bank of Canada and SMBC, and equity commitment letters from funds advised by Blackstone and TPG that, taking into account the Company’s balance sheet, in the aggregate, are sufficient to fund the purchase price and pay related fees and expenses at closing. Blackstone’s private equity strategy for individual investors is also expected to invest as part of the transaction. TPG is investing in Hologic through TPG Capital, the firm’s U.S. and European private equity platform.

Upon completion of the transaction, Hologic’s common stock will be delisted from the Nasdaq stock market. The Company will maintain its headquarters in Marlborough, Massachusetts, and will continue to operate under the Hologic name and brand.

The merger agreement includes a 45-day “go-shop” period, during which time Hologic and its advisors may solicit, consider and negotiate alternative acquisition proposals from third parties. The Hologic Board of Directors will have the right to terminate the merger agreement to enter into a transaction providing for a superior proposal, subject to the terms and conditions of the merger agreement. There can be no assurance that this process will or will not result in a superior proposal. Hologic does not intend to disclose updates on this process unless and until it determines that such disclosure is appropriate or required.

Hologic Fourth Quarter Financial Results
As announced on October 2, Hologic plans to report its financial results for the fourth quarter of fiscal 2025 via press release on November 3. Given the transaction announced today, Hologic does not intend to provide financial guidance for fiscal 2026 in this upcoming press release. In addition, Hologic does not plan to hold any earnings calls while the transaction is pending. The Company plans to file its Form 10-K for fiscal 2025 with the SEC in late November.

Advisors
Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Hologic, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to the Company. Citi is serving as exclusive financial advisor, Kirkland & Ellis LLP is serving as legal counsel, and Ropes & Gray is serving as healthcare regulatory counsel to the Blackstone-and-TPG-led consortium.

About Hologic
Hologic, Inc. is a global leader in women’s health dedicated to developing innovative medical technologies that effectively detect, diagnose and treat health conditions and raise the standard of care around the world. For more information on Hologic, visit www.hologic.com.

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 $1.2 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.

About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Cautionary Statement Regarding Forward-Looking Statements
This news release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “likely,” “future,” “strategy,” “potential,” “seeks,” “goal” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the benefits of and timeline for closing the merger. These forward-looking statements are based upon assumptions made by Hologic as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated.

These forward-looking statements are subject to a number of risks and uncertainties that could adversely affect Hologic’s business and prospects, and otherwise cause actual results to differ materially from those anticipated, including without limitation, the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could delay the consummation of the proposed transaction or cause the parties to abandon the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into in connection with the proposed transaction; the possibility that Hologic stockholders may not approve the proposed transaction; the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Hologic’s common stock; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed transaction; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Hologic to retain and hire key personnel and to maintain relationships with customers, vendors, partners, employees, stockholders and other business relationships and on its operating results and business generally. Further information on factors that could cause actual results to differ materially from the results anticipated by the forward-looking statements is included in the Hologic Annual Report on Form 10-K for the fiscal year ended September 28, 2024filed with the Securities and Exchange Commission (the “SEC”) on November 27, 2024, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings made by Hologic from time to time with the SEC. These filings, when available, are available on the investor relations section of the Hologic website at https://investors.hologic.com or on the SEC’s website at https://www.sec.gov. If any of these risks materialize or any of these assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Hologic presently does not know of or that Hologic currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. Hologic expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented herein to reflect any change in expectations or any change in events, conditions or circumstances on which any such statements are based, except as required by law.
 
Additional Information and Where to Find It
In connection with the proposed acquisition of Hologic by affiliates of Blackstone Inc. and TPG Capital, Hologic will file with the SEC a preliminary Proxy Statement of Hologic (the “Proxy Statement”). Hologic plans to mail to its stockholders a definitive Proxy Statement in connection with the proposed transaction. HOLOGIC URGES YOU TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HOLOGIC, BLACKSTONE INC., TPG CAPITAL, THE PROPOSED TRANSACTION AND RELATED MATTERS. You will be able to obtain a free copy of the Proxy Statement and other related documents (when available) filed by Hologic with the SEC at the website maintained by the SEC at www.sec.gov. You also will be able to obtain a free copy of the Proxy Statement and other documents (when available) filed by Hologic with the SEC by accessing the investor relations section of Hologic’s website at https://investors.hologic.com or by contacting Hologic investor relations at investors@hologic.com or calling 858-410-8904.

Participants in the Solicitation
Hologic and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Hologic stockholders in connection with the merger.

Information regarding the directors and executive officers of Hologic, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth (i) in Hologic’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, including under the headings “Proposal No. 1 – Election of Directors,” “Executive Officers,” “Compensation Discussion and Analysis,” “Executive Compensation Tables,” “Securities Ownership by Directors and Executive Officers” and “Certain Relationships and Related-Party Transactions,” which was filed with the SEC on January 16, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/859737/000114036125001287/ny20038205x1_def14a.htm, and (ii) to the extent holdings of Hologic’s securities by its directors or executive officers have changed since the amounts set forth in Hologic’s definitive proxy statement for its 2025 Annual Meeting of Stockholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4, or Annual Statement of Changes in Beneficial Ownership on Form 5 filed with the SEC, which are available at EDGAR Search Results https://www.sec.gov/edgar/browse/?CIK=0000859737&owner=only.

Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents through the website maintained by the SEC at https://www.sec.gov.

Contacts

For Hologic:

Media Contacts:
Bridget Perry
Senior Director, Corporate Communications
(+1) 508.263.8654
bridget.perry@hologic.com

Brunswick Group
Hologic@brunswickgroup.com

Investor Contact:
Michael Watts
Corporate Vice President, Investor Relations
(+1) 858.410.8514
michael.watts@hologic.com

For Blackstone:
Matt Anderson
Matthew.Anderson@Blackstone.com

Hallie Dewey
Hallie.Dewey@Blackstone.com

Jennifer Heath
Jennifer.Heath@Blackstone.com

For TPG:
Luke Barrett and Courtney Power
media@tpg.com

1 Based on 228 million diluted shares outstanding, $2.2 billion of cash and short-term investments on Hologic’s balance sheet and $2.5 billion of Hologic debt as of 9/27/2025.

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KKR Launches Galaxy Container Solutions, A Global Container Leasing and Financing Platform

KKR

Seasoned team to lead new platform anchored by stable, long-term capital

Galaxy will generate asset-backed contractual cash flows in line with KKR’s ABF strategy; adds to KKR’s extensive captive origination capabilities

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the launch of Galaxy Container Solutions (“Galaxy” or “the Company”), a global marine container leasing and financing platform, in partnership with a team of industry veterans. Galaxy will be owned by KKR-managed credit funds and accounts, which are committing $500 million to the Company via KKR’s Asset-Based Finance (ABF) strategy.

Galaxy will provide a full suite of container leasing and financing solutions to shipping companies around the world, enabling flexible, capital-efficient access to the container fleets that keep global trade moving. Supported by KKR’s stable capital base and a management team with decades of experience, the Company is well positioned to meet customer needs for fleet growth and balance sheet optimization.

Galaxy is helmed by Chief Executive Officer Jeffrey Gannon and Chief Operating Officer Adrian Dunner, who have successfully launched and scaled multiple container leasing companies. Most recently, Mr. Gannon and Mr. Dunner co-founded and led Global Container International (“GCI”), the 7th largest lessor of marine containers globally at the time of its sale to Triton International. They will be joined by former GCI Chief Financial Officer Stephen Controulis, along with a seasoned team of specialists across container leasing management, operations, finance and sales functions.

“This is an ideal moment to launch Galaxy, as market dynamics like lessor consolidation and sustained demand are creating real opportunities for new entrants,” said Jeffrey Gannon, CEO of Galaxy Container Solutions. “With KKR’s support, we are excited to harness our proven approach to offer our customers reliable, flexible solutions for their fleet and capital needs.”

“Galaxy represents an exciting expansion of our Asset-Based Finance strategy into the container leasing sector, which offers attractive downside-protected investment opportunities backed by essential global trade infrastructure,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “The company is in great hands with the Galaxy team, and we’re confident they will deliver dynamic solutions that meet the evolving needs of the world’s leading shipping lines.”

KKR established its ABF strategy in 2016 and has since grown the platform significantly, with more than $75 billion in ABF assets under management and a team of approximately 50 ABF professionals globally. KKR’s ABF portfolio focuses on four key themes: Consumer/Mortgage Finance, Commercial Finance, Hard Assets, and Contractual Cash Flows. The firm has 19 captive ABF platforms across these four segments, enabling proprietary sourcing and structuring of investments. KKR’s broad, multi-sector approach offers flexibility to invest across a diverse range of industries, including aviation, real estate, mortgages, royalties and equipment leasing, among others.

KKR was advised on the transaction by Kirkland & Ellis LLP.

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.

Media
Lauren McCranie
media@kkr.com

Source: KKR

 

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Hg agrees sale of GTreasury to Ripple for $1 billion

HG Capital

  • As a result of the transaction Hg will fully exit the business, having first invested in 2023.

  • GTreasury powers trillions of dollars in annual payment volumes, serving 1,000+ customers worldwide across 160 countries

  • Hg’s AI expertise helped accelerate the development of GTreasury’s new AI products, including the launch of GSmart AI earlier this year

London, Oct 16 2025 – Hg, a leading investor in European and transatlantic software and services businesses, today announced it has agreed the sale of GTreasury, a global leader in adaptable treasury solutions for the Office of the CFO, for a total transaction value of over $1 billion.

GTreasury will be acquired by Ripple, a leading provider of digital asset infrastructure for the enterprise. As a result of this transaction, Hg will fully exit the business, alongside minority investor, Mainsail Partners.

GTreasury provides financial leaders with a comprehensive platform to manage every stage of treasury complexity, covering liquidity management, cash forecasting, payments, netting, and risk. Hg invested in 2023 recognising that these were becoming increasingly critical and strategic products within the Office of the CFO.

The company has scaled significantly with Hg’s support, expanding its transatlantic footprint and accelerating product innovation. This includes the launch of GSmart AI, which augments GTreasury’s platform with agentic capabilities that reduce manual effort, proactively identify risks and variances, and recommend strategic actions for finance leaders.

GTreasury now powers trillions of dollars in annual payment volumes and serves more than 1,000 customers across 160 countries.

Renaat Ver Eecke, CEO, GTreasury, said: “Joining Ripple is hugely exciting and will further accelerate our vision of smart, adaptable solutions that provide financial leaders with the clarity to act. I am also immensely grateful for Hg’s support over the last two and a half years, whose expertise in software, AI, and Office of the CFO gave us a huge advantage while scaling, launching new products and delighting our customers. Finally, I want to thank Mainsail Partners for their steadfast support since their initial investment in 2017.”

Louis Kinsella, Partner at Hg, said: “It’s been a pleasure working with Renaat and the GTreasury team over the last couple of years. The business has firmly cemented its position as the most adaptable treasury platform on the market, evidenced by its accelerating growth, increasingly transatlantic footprint, and exciting product innovations, including the recent launch of GSmart AI. I have no doubt the GTreasury team will continue to thrive in this exciting new chapter.”

Goldman Sachs & Co. LLC is serving as exclusive financial advisor to GTreasury; Morrison & Foerster LLP is serving as legal counsel to GTreasury. EY-Parthenon is also serving as an advisor to GTreasury.

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

GTreasury
Travis Arthur, tarthur@gtreasury.com

Mainsail Partners
Kristy DelMuto, kristy@mainsailpartners.com

About Hg

Hg is a leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Our portfolio spans more than 50 companies worth over $180 billion in aggregate enterprise value, employing more than 125,000 people and consistently growing revenues at more than 20% annually.

About GTreasury

GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Because each company faces different points of complexity and needs, our industry-leading solutions are purposefully designed, and amplified by GSmart AI, to support every stage of treasury complexity, from Liquidity Management and Cash Forecasting to Payments, Risk, and Netting. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures.

About Mainsail Partners:

Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them grow into market leaders. Our team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, harness the power of AI to drive productivity and innovation, and grow market share. Mainsail’s hands-on support and best practices are delivered through a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers. With offices in Austin and San Francisco, Mainsail Partners has raised nearly $4 billion in committed capital and partnered with 100+ companies over the last 22+ years. For more information, visit www.mainsailpartners.com.

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EQT Foundation invests in surgical tech company, Syngular Technology

eqt

Syngular Technology Team

EQT Foundation invests in Syngular Technology, a Hong Kong-based healthtech company developing an AI and AR powered surgical guidance platform.

Syngular’s solution merges extended reality, game technology and artificial intelligence to improve surgical precision and reduce operating time and cost.

The investment will support the team in expanding their product reach across Hong Kong and building capacity to meet growing clinical demand.

The winner of the EQT Impact Challenge in Hong Kong, Syngular has received a €100k investment from EQT Foundation via a SAFE. Syngular’s platform combines real-time augmented reality overlays with AI-automated anatomical segmentation and digital twin generation, giving surgeons spatial guidance directly in the operating room. This reduces preparation time and enhances surgical accuracy, especially valuable in resource-constrained settings where access to advanced surgical tools is limited.

A key issue in many hospitals today is the lack of real-time navigational support during surgery. Surgeons rely on memory, 2D imaging, and experience to guide high-risk procedures, leading to longer operations, higher complication rates, and increased costs. Syngular addresses this by enabling fully immersive, spatially aware surgical planning and guidance. Their system has already been used in 80+ real patient cases, including a pilot with the Hong Kong Hospital Authority.

The founding team brings experience across medical imaging, 3D modeling, and interactive game development, with backgrounds at companies including Medtronic, Riot Games, Nvidia, EA, and Oracle. Syngular is currently scaling through medical education partnerships and B2B channels, with a focus on the Hong Kong healthcare system and plans for regional growth.

Cilia Holmes Indahl, CEO EQT Foundation: “Syngular Technology stands out for translating cutting-edge technology into something practical, intuitive, and urgently needed in operating rooms. Their approach brings a fresh perspective to surgical innovation, and we’re proud to support a team so clearly focused on improving patient outcomes at scale.”

Louis Sze, CEO & Co-Founder, Syngular Technology: “Our purpose is to transform how people learn and work through the fusion of AI and XR.”

Contact

EQT Press Office

press@eqtpartners.com+46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has €‌​​267​‌ billion in total assets under management (€139​‌ billion in fee-generating assets under management) as of 30 September 2025, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About EQT Foundation

EQT Foundation is a philanthropic organization and long-term shareholder of the global investment organization EQT, founded by partners at EQT. The Foundation supports scientists and entrepreneurs bringing breakthrough solutions from lab to market, combining EQT’s expertise with catalytic investments and grants. With a focus on supporting scientific progress in underfunded areas of climate and health, the Foundation provides a learning platform for EQT employees to develop and work collaboratively across the globe, while engaging in philanthropy and making a positive impact.

EQT Foundation LinkedIn

About Syngular Technology

Hong Kong Syngular Technology Limited is an innovative MedTech startup committed to advancing surgical precision and patient safety through cutting-edge AI and Extended Reality (XR) solutions. Our proprietary platform enables automated, patient-specific medical image modeling and XR based surgical navigation. By leveraging the convergence of advanced AI medical image processing, spatial computing, and advanced game technology, we deliver immersive, AAA-grade experiences that enhance the accuracy, speed, and safety of surgical procedures. Our technology is designed to be accessible to less technical users and offers a cost-effective alternative to traditional surgical robotic systems, aiming to democratize advanced surgical capabilities and improve healthcare outcomes worldwide.

Website

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CapMan Residential Fund awarded Global Sector Leader by GRESB in 2025

Capman

CapMan Residential Fund awarded Global Sector Leader by GRESB in 2025

CapMan Residential Fund has been recognised as a global and regional leader in GRESB, the leading sustainability benchmark for real assets. The fund achieved top rankings in the 2025 GRESB Real Estate Assessment, highlighting its outstanding sustainability management and operational excellence in the residential sector.

CapMan Residential Fund was awarded the following achievements in the Residential category under the standing investments benchmark:

  • Global Sector Leader
  • Global Sector Leader – Non-listed
  • Regional Sector Leader Europe, and
  • Regional Sector Leader Europe – Non-listed.

In addition, the fund was cited as a Top Performer in the inaugural GRESB Real Estate Residential Assessment, earning the following distinctions:

  • Residential Global Top Performer
  • Residential Global Top Performer – Non-listed
  • Residential Regional Top Performer, Europe, and
  • Residential Regional Top Performer, Europe – Non-listed.

GRESB Sector Leaders represent the best performers by sector and region across the GRESB Assessments, which benchmark the sustainability management and performance of real assets globally. The 2025 assessment saw participation from over 1,000 fund managers, with 239 entities taking part in the new Residential Component. GRESB data is widely used by capital providers and asset managers to benchmark investments and inform sustainable investment strategies.

CapMan Residential Fund has consistently improved its GRESB score in the standing investments benchmark from 74/100 points in 2022 to 84/100p in 2024 and now to 94/100p in 2025. The most recent improvement was mainly due to enhanced data coverage and additional green building certifications.

“Being recognised as a Sector Leader and Top Performer by GRESB is a testament to the consistent and collaborative work of our team and partners in integrating sustainability into our residential strategy and exploring new ways of collecting data,” said Anna Rannisto, Sustainability Director at CapMan Real Estate. “This recognition reflects the results-oriented approach of the fund and our commitment to continuously improving sustainability practices.”

Sebastien Roussotte, CEO of GRESB, added, “GRESB Sector Leaders exemplify success in action. They set the pace for the industry, translating strong governance and operational excellence into real-world performance and long-term value.”

For more information, please contact:

Anna Rannisto, Sustainability Director at CapMan Real Estate, tel. +358 40 6266 383

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.5 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by institutional and financial investors to inform decision-making. GRESB standards are governed by the independent, not-for-profit GRESB Foundation, while ESG assessments are managed by GRESB BV, a benefit corporation. For more information, visit GRESB.com.

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Ardian acquires stake in JPB Système, a leading provider of innovative solutions for the aerospace sector and Industry 4.0.

Ardian

With this primary transaction, Ardian’s Growth team is partnering with Damien Marc and the key managers of JPB Système to accelerate the group’s international growth and support its innovation strategy.

JPB Système, a leading French industrial player specializing in the design of self-locking fastening solutions for aircraft engines, welcomes Ardian, a world-leading private investment firm, as a minority shareholder.

Founded in 1995 and led by Damien Marc, who succeeded his father in 2005, JPB Système has established itself as a strategic partner to major global engine manufacturers (including Pratt & Whitney, Safran, GE and Rolls-Royce), thanks to its portfolio of patented products, recognized industrial excellence, and strong capacity for innovation. The group, headquartered in Seine et Marne, generates over 90% of its revenue internationally and employs nearly 200 people.

This transaction marks a major new milestone in the group’s growth, aiming to accelerate its international expansion, strengthen its innovation capabilities, and support its role as a key player in the industry of the future.

The partnership is designed to consolidate JPB Système’s leadership in its core markets and support the company’s entry into new segments through a sustained innovation policy and close customer relationships based on a deep understanding of their needs.

Ardian will leverage the strength of its international network and its expertise in supporting high-growth companies to help drive the group’s technological and organizational development.

Ardian also intends to support the commercial and technological development of JPB Système’s innovations, notably Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, a fastening monitoring system aimed at new aerospace and industrial markets. These solutions fully embody the group’s innovative DNA and will open up new avenues for growth.

“Ardian’s minority investment in our capital marks a major milestone in the history of JPB Système. This partnership will accelerate our international development and strengthen our innovation capabilities in the fields of aerospace and Industry 4.0. We are honored to join forces with Ardian, a world-class investment firm, as we pursue our ambition to reinforce French industrial excellence and push the boundaries of innovation on a global scale.” Damien Marc, CEO, JBP Système

“JPB Système embodies French industrial excellence and innovation in service of the global aerospace industry. We have been impressed by Damien Marc’s vision and the quality of the JPB Système team. We are proud to support JPB Système in achieving its ambitions by leveraging all of Ardian’s human, sector-specific, and international resources.” Alexis Saada, Head of Growth & Senior Managing Director, Ardian

“We are convinced that innovation and growth are essential drivers of sustainable value creation. This investment in JPB Système perfectly illustrates our commitment to supporting companies that place technology, excellence, and agility at the heart of their development.” Romain Chiudini, Managing Director Growth, Ardian

List of participants

  • ARDIAN

    • Ardian (Growth): Alexis Saada, Romain Chiudini, Florian Dupont, Solène Hamouda
    • Legal: McDermott Will & Schulte (Diana Hund, Herschel Guez, Auriane Tournay, Benoît Maïto, Côme de Saint-Vincent, Louisiana Lungu, Naré Arshakyan, Charles de Raignac, Emie Paganon, Mai Matsubara, Sabine Nauges, Yves-Emmanuel Le Roux)
    • Financial: Eight Advisory (Christophe Delas, William Jarraud, Paul Mathonnat)
    • Strategic: Strategy& (Xavier Monin, Thierry Calatayut, Léo Lengelé)

  • JPB SYSTEME

    • Management : Damien Marc, Emmanuel Bordry
    • M&A and Financing : Alantra (Olivier Guignon, Florian Touchard, Noémie Curmi, Julien Bordier-Lorenzi, Simon Berta, Jules Dormoy)
    • Legal : Hogan Lovells (Matthieu Grollemund, Pierre-Marie Boya, Eliott Fourcade, Paul de Boishebert, Cassandre Porges, Lucas Glicenstein, Alexis Caminel, Elise Criez)
    • Financial : Eight Advisory (Stéphane Vanbergue, Mehdi Laghmiri, Arnaud Lassiaz, Pierre Rochard)

ABOUT JPB SYSTÈME

JPB Système designs, develops, and manufactures patented self-locking fastening solutions and connected monitoring technologies dedicated to the aerospace sector and Industry 4.0. Its innovations secure critical assemblies, reduce maintenance costs and downtime, and contribute to the sustainable performance of aircraft engines.
Based in Villaroche, near Paris, and employing nearly 200 people, the company generates over 90% of its revenue from exports, and works with the world’s leading engine manufacturers, including Safran, Pratt & Whitney, GE, Rolls-Royce, and ITP Aero. Recognized as an “Industry of the Future Showcase,” JPB Système is a member of GIFAS, French Fab, and Bpifrance Excellence.
A pioneer in integrating digital technologies at the heart of industrial production, JPB Système also develops Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, an innovative system for monitoring the tightening of fasteners. These innovations reflect the group’s commitment to paving the way for a smarter, more connected, and more efficient industry.

JPB Système

About Ardian

Ardian is one of the world’s leading private investment houses, with $192 billion in assets managed or advised on behalf of more than 1,860 clients worldwide. Leveraging our expertise in Private Equity, Real Assets, and Credit, we offer our clients a broad range of investment opportunities and have the agility to meet their needs, which is one of our defining characteristics. Ardian Customized Solutions builds tailor-made investment portfolios, develops specific investment strategies adapted to each client’s needs, and provides access to funds managed by leading partners. Private Wealth Solutions offers dedicated services and access solutions for private banks, wealth managers, and institutional private investors around the world.
With Ardian employees representing a majority of the shareholding, Ardian places particular importance on talent development and values a collaborative culture based on collective intelligence. Spread across 20 offices in Europe, the Americas, Asia, and the Middle East, our 1,050+ employees are fully committed to generating superior returns through responsible investment strategies and in compliance with the highest ethical and social responsibility standards. At Ardian, we are fully dedicated to building sustainable businesses.

ardian.com

Media contacts

JPB SYSTÈME

INCUS MEDIA

jpb@incus-media.com 

Ardian

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ardian@image7.fr 

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Kebek Invests in Janzen

Kebek

JANZEN, the leading Dutch home and body lifestyle brand, is joining forces with KeBeK Private Equity as a strategic partner and majority shareholder, as well as with &C Media and Chantal Janzen as key ambassador, to strengthen its leadership in the Netherlands and accelerate international growth in Belgium and Germany. Oisterwijk

(The Netherlands), 20 October 2025 KeBeK Private Equity acquired a majority stake in JANZEN. Founder Gertjan Schot and CEO Ivo van Ierland remain on board. At the same time, the collaboration with &C Media is strengthened and a new partnership with Chantal Janzen as key ambassador has been concluded. Chantal Janzen is also becoming shareholder of the company.

JANZEN is a Netherlands-based affordable luxury brand offering home and body products to consumers mainly via a B2B network of 1,000+ specialised retailers (ex: Douglas, PourVous, DA, Etos). Additional sales are realised in corporate gifting, e-commerce channels and a flagship store in Den Bosch.

The company was founded in 2010 by Gertjan Schot (CEO until 2022), as a local offline brand offering home fragrances, and has since developed into a well-known omni-channel brand in The Netherlands. JANZEN became also active in Belgium in 2021and in Germany in 2022. Chantal Janzen Its branded portfolio comprises over 220 SKUs over 3 categories being home and body products, and gift sets, across 15 fragrance collections (including a For Men collection since 2023). The product portfolio includes amongst others shower foams and gels, hand care products, scrubs, deodorants, and body lotions and creams, as well as fragrance sticks and candles.

The Company has strong commitments to sustainability through eco-friendly sourcing, production free from microplastics, biodegradable packaging. The various products contain no parabens, silicones, or mineral oils and are not tested on animals. JANZEN operates from Oisterwijk. 10 kilometres north of Tilburg, with about 33 employees.

Led by CEO Ivo van Ierland since 2022, JANZEN realised strong (double-digit) growth in the recent years, benefiting from initiatives in product development, widening sales channels, internationalisation plans and innovative marketing. With this new partnership, JANZEN aims to accelerate its growth ambitions. In The Netherlands, focus will remain on reaching more consumers via a qualitative widened B2B retailers’ channel. In addition, management targets to build a repeatable B2B corporate gifting offer and to leverage full D2C (direct-to-consumer) potential in e-commerce. International growth will focus on expansion in Germany and in Belgium. Product development and innovation will stay at the centre of the commercial growth strategy. At the same time, JANZEN is intensifying its collaboration with &C Media and Chantal Janzen. Chantal Janzen will act as key ambassador for the JANZEN brand and play an important role in contributing to the collections and brand visibility.

More information about JANZEN: www.janzen.com or JANZEN Instagram.

JANZEN is the second investment of the KeBeK IV fund, which is currently in fundraising for a target fund size of €75m. JANZEN shareholders Gertjan Schot and Ivo van Ierland were assisted by Nielen Schuman (M&A advisor), Vriman (legal advisor) and Alvarez & Marsal (financial and tax advisor) in this transaction. KeBeK Private Equity was assisted by LDS Advisory (strategic advisor), De Metz (legal advisor) and BDO (financial and tax advisor) in this investment.

Ivo van Ierland, CEO at JANZEN: “We are very pleased and proud with this new strategic partnership together with KeBeK and Chantal Janzen. I am convinced that we will accelerate our growth ambitions by strong new product development, even more impactful marketing campaigns and intensifying our strategic wholesale partnerships. Our aim is strengthening our position in The Netherlands and strongly building the brand and its visibility in Germany and Belgium. Next to this, our D2C channels will get a more prominent priority going forward. Very exciting JANZEN times!”

Gertjan Schot, founder of JANZEN: “I am very proud that JANZEN has partnered with KeBeK and Chantal Janzen. We have found a partner in KeBeK who aligns with JANZEN’s culture in which JANZEN has given all freedom to follow the path to continue JANZEN’s growth. With great confidence I see JANZEN’s future is secured and that Ivo, together with the entire team, will lead JANZEN to become a key player in the European home & body Lifestyle market.

” Chantal Janzen, founder of &C Media: “Our partnership with JANZEN and &C Media has been very successful for many years now. This partnership will open up new possibilities and include my personal involvement in product development and promotion. I’m very excited to be part of this and reach more people with this beautiful home & body lifestyle brand!”

Gert Van Huffel, Floris Vansina, Edouard Verhoustraeten of KeBeK Private Equity: “We are very impressed with JANZEN’s growth trajectory and development over the last years. JANZEN boasts a strong brand identity and an established and complementary sales network, with satisfied consumers. With Gertjan, Ivo, Chantal and the dedicated JANZEN team, we aim to further develop and expand the activities of JANZEN.”

For more information:

About JANZEN – www.janzen.com – JANZEN Instagram

Contact: Ivo van Ierland (ivo.vanierland@janzen.com) or Gertjan Schot (gertjan@janzen.com)

About &C Media and Chantal Janzen – www.andc.tv – &C Media – Chantal Janzen Instagram &C Media is a Dutch media brand founded by Chantal Janzen and her husband Marco Geeratz.

The company was founded in 2017 and has since been operating as an independent television producer and publisher of the magazine &C. Chantal Janzen is a Dutch actress, musical actress, presenter, singer and television producer who has appeared in musicals such as 42nd Street, Saturday Night Fever, Beauty and the Beast, Hij Gelooft in Mij and Tarzan. Since 2005, she has also presented various television programmes, including Beat the Champions and Oh, wat een jaar! In addition to being a presenter, she is a judge on Holland’s Got Talent. In 2017, Chantal launched &C Media.

About KeBeK Private Equity – www.kebek.be – KeBeK Private Equity Linkedin

Contact: Gert Van Huffel (gert.vanhuffel@kebek.be) or Floris Vansina (floris.vansina@kebek.be)

KeBeK Private Equity is an independent private equity firm investment. It was founded in 2012 by 4 Partners working now together for 20+ years since their time at KBC Private Equity.

We invest in healthy SMEs looking to grow to their next phase. Companies are based in the Benelux, often active in attractive niche segments, and have significant potential for value enhancement. We focus on partnerships with families and entrepreneurs in “primary” deals. Next to supporting companies, transactions with KeBeK are often a solution for transition of capital and management, and an attractive alternative to keep independence.

When supporting companies and management teams, we focus on value creation strategies combining (i) organic growth, (ii) reinforcement of organization and processes, and (iii) buyand-build or consolidation plays. With around 30 acquisitions executed and over 30 add-ons realised since 2012, KeBeK has a demonstrated track-record of investing and creating (operational) value for its portfolio companies.

KeBeK is backed by a broad investor base, consisting of Belgian, Dutch and international institutional investors, family offices and wealthy individuals being mainly entrepreneurs.

JANZEN is the second investment of the KeBeK IV fund, which is currently in fundraising for a target fund size of €75m. Previous investments of KeBeK funds include Flexfurn (flexible furniture to the event industry – 2024), Capenti – Schelstraete Delacourt (Executive search and interim management services – 2021), Borek (outdoor and garden furniture – 2020), Richa (motorcycle gear and accessories – 2018), among others.

 

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Peak Re Welcomes KKR and Quadrantis Capital as Minority Investors

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KKR

HONG KONG–(BUSINESS WIRE)– Peak Reinsurance Company Limited (“Peak Re” or the “Company”) and KKR, a leading global investment firm, today announced that funds managed by KKR and Quadrantis Capital have entered into definitive agreements to acquire minority stakes in Peak Re via Peak Reinsurance Holdings Limited.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251020924186/en/

Upon completion, KKR and Quadrantis Capital are expected to hold approximately 11.27% and approximately 1.80% of Peak Re’s issued share capital, respectively, with the remaining approximately 86.71% continuing to be held by the majority shareholder, Fosun International Limited. Prudential Financial, Inc. (“Prudential”), which indirectly held an approximate 13.07% minority stake, has divested its stake in Peak Re following the signing of definitive agreements by funds managed by KKR and Quadrantis Capital.

This strategic partnership will reinforce Peak Re’s commitment to serving its global clientele, underpinned by strong ring-fencing arrangements and robust corporate governance standards, and is not anticipated to affect the Company’s financial stability, operations, leadership, or ratings.

“Peak Re was established to support the growth and resilience of economies and communities in emerging markets across Asia and beyond,” remarked Franz-Josef Hahn, Chief Executive Officer of Peak Re. “With KKR and Quadrantis Capital joining as new investors, we are further strengthening the platform that enables Peak Re to innovate, serve clients with excellence, and pursue quality growth globally. We would also like to thank Prudential for their support as a valued minority shareholder and partner over the years.”

Bing Gu, Managing Director at KKR, said, “As Asia emerges as a global growth engine for insurance and reinsurance, Peak Re is well-positioned to meet the needs of global clients with its established regional platform, disciplined underwriting approach, and strong governance. We look forward to drawing from our global network and experience in insurance and reinsurance, as well as operational expertise to strengthen Peak Re’s leading position in the region.”

“Quadrantis Capital is delighted to join Peak Re as a minority investor,” stated João Rafael Koehler, Managing Partner at Quadrantis Capital. “We are committed to constructive, value-driven partnerships.”

The investments by KKR and Quadrantis Capital into Peak Re are expected to close in Q4 of 2025, subject to customary closing conditions including regulatory approvals.

About Peak Re

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is an emerging market reinsurance specialist with a global portfolio. Established to support the growth and stability of societies and communities in Asia and beyond. Established in 2012, Peak Re has grown rapidly to rank 27th among global reinsurance groups in terms of net reinsurance premiums written1, with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas.

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.

About Quadrantis Capital

Quadrantis Capital is a Portuguese investment management firm specializing in private equity and venture capital. The firm manages multiple investment funds with a focus on diversified, risk aware strategies and long term value creation. For more information, visit Quadrantis – Quadrantis Capital

1 S&P Global Ratings’ Top 40 Global Reinsurers In 2024 And Reinsurers By Country; 2025, S&P Global, 2024

Media and investor contacts

For Peak Re:
Media: Zoe Wang – zoe.wang@peak-re.com
Investors: Jackie Wong – jackie.wong@peak-re.com

For KKR:
Wei Jun Ong – weijun.ong@kkr.com

Source: KKR

 

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AEA Private Debt Closes $550 Million Credit Continuation Vehicle, Led by Carlyle AlpInvest

Carlyle

New York, NY – October 20, 2025 – AEA Private Debt, AEA Investors’ (“AEA”) private credit platform, and Carlyle AlpInvest, a leading global private equity investor, today announced the successful closing of an approximately $550 million credit continuation vehicle. The transaction was led by Carlyle AlpInvest, who is also providing additional capital to support new loans originated by AEA Private Debt.

The continuation vehicle was established to acquire a diversified, income-generating portfolio of first-lien senior secured loans from AEA Private Debt’s 2016 vintage direct lending fund – AEA Middle Market Debt Fund III – primarily consisting of loans to sponsor-backed U.S. middle market companies. Further enhancing long-term alignment between AEA Private Debt and its LPs, the vehicle provided existing investors with an attractive liquidity option or the opportunity to reinvest in a high-quality pool of private credit assets that will continue to be managed by a proven, deeply experienced team. Building on the existing relationship between Carlyle AlpInvest and AEA, the transaction also underscores Carlyle AlpInvest’s leadership in credit secondaries and validates AEA Private Debt’s differentiated origination and underwriting capabilities.

“This transaction underscores our commitment to delivering strong outcomes and innovative liquidity solutions for our investors,” said Alexandra Jung, Partner and Head of AEA Private Debt. “Our partnership with AlpInvest is a testament to our cycle-tested approach and reflects the strategic growth of AEA’s private debt business. With this continuation fund, we are further bolstering our ability to support leading middle market companies and sponsors while expanding the reach of the AEA Private Debt platform for the long term.”

“This transaction reflects the strength of AEA Private Debt’s portfolio and their partnerships with many of the best private equity sponsors. With significant overlap between AEA Private Debt’s relationships and Carlyle AlpInvest’s long history of investing alongside leading sponsors, this transaction highlights the strong alignment between our organizations,” said Mike Hacker, Partner and Global Head of Portfolio Finance, Carlyle AlpInvest. “We are proud to establish this partnership with AEA and support the continued growth of their private debt platform.”

“Carlyle AlpInvest has a long history of delivering innovative and LP-friendly solutions to GPs across private equity and private credit. The growth of our Secondaries & Portfolio Finance platform continues to strengthen our ability to build impactful and differentiated partnerships with credit managers like AEA Private Debt,” said Stefan Singer, Managing Director on Carlyle AlpInvest’s Portfolio Finance Team.

PJT Partners LP served as financial adviser on the transaction. Simpson Thacher & Bartlett LLP acted as legal counsel for AEA Private Debt. Ropes & Gray LLP acted as legal counsel for Carlyle AlpInvest. Wells Fargo provided certain financing for the transaction.

###

About AEA Investors
AEA Investors (“AEA”) was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth equity, and private debt investments.

AEA Private Debt makes senior debt, unitranche, junior debt, and equity co-investments in leading middle market companies across a broad range of industries and end markets. AEA Private Debt’s team of experienced professionals partners with private equity firms, family offices, and entrepreneur-backed companies to provide financing solutions in support of leveraged buyouts, recapitalizations, add-on acquisitions, refinancings, and other similar capital needs. Since inception in 2005, AEA Private Debt has invested over $8.5 billion across more than 425 transactions.

For more information, visit www.aeainvestors.com.

About Carlyle AlpInvest
Carlyle AlpInvest is a leading global private equity investor with $97 billion of assets under management and more than 600 investors as of June 30, 2025. It has invested with over 380 private equity managers and committed over $100 billion across primary commitments to private equity funds, secondary transactions, portfolio financings, and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

AEA Investors:
Kaitlin Bilby
+1 212-845-4307
Media@aeainvestors.com

 

Carlyle:
Kristen Ashton
+1 212-813-4763
Kristen.ashton@carlyle.com

 

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