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TheGuarantors Announce Growth Investment from Warburg Pincus

Warburg Pincus logo

New York, NY – March 18th, 2026 — TheGuarantors, the leader in residential lease guarantee solutions and AI-powered underwriting for the rental housing market, today announced a majority investment from Warburg Pincus, the pioneer of global growth investing. The investment will allow the company to scale, broaden access to housing for millions of renters, and continue building a market‑leading platform with long‑term impact across the U.S. rental ecosystem.

TheGuarantors will continue to operate under its existing leadership team and is excited to partner with Warburg Pincus on its next chapter as it looks to further accelerate platform expansion, advance data and AI capabilities, and deepen partnerships with property owners and managers nationwide.

TheGuarantors has pioneered lease guarantee solutions that enable renters to qualify for homes while protecting property owners against default risk. Today, the platform supports a footprint of over 3.5 million rental units across many of the largest institutional property management companies in the United States and has protected more than $6 billion in lease value. The company’s products are supported by a panel of premier carriers and reinsurers, enabling scalable and resilient insurance capacity. Through its proprietary automated underwriting engine, TheGuarantors leverages advanced machine learning, cash-flow analytics, and alternative data to render real-time risk decisions in under 10 seconds, delivering scalable coverage infrastructure embedded directly into leasing workflows.

The investment comes at a time of growing complexity across the multifamily housing sector. Renters are facing heightened financial pressure driven by affordability constraints, elevated costs of living, and tighter income and credit conditions, making qualification increasingly difficult despite strong demand for rental housing, with over 20% of renter households not qualifying on the first attempt. At the same time, property owners and operators are navigating rising operating expenses, insurance costs, and capital market headwinds that are placing pressure on net operating income. In this environment, solutions that expand renter accessibility while protecting asset performance and cash flow have become increasingly critical infrastructure for the industry.

Julien Bonneville, Founder and Chief Executive Officer of TheGuarantors, said:

“This investment represents a defining moment for TheGuarantors. From day one, our vision has been to build the risk infrastructure layer for residential renting, removing friction from the leasing process while expanding access for millions of renters, empowering them to qualify for the home they want. Warburg Pincus brings deep experience scaling fintech and insurance platforms globally. With their partnership, we will accelerate innovation in AI underwriting, expand our platform capabilities, and continue delivering best-in-class outcomes for both renters and property managers and owners.”

Jeff Stein, Managing Director, Head of U.S. Financial Services at Warburg Pincus, said:

“TheGuarantors has built the category-defining platform in residential lease guarantees. The company’s combination of proprietary data, AI-driven underwriting, and deep integrations with leading property managers creates a powerful value proposition for both tenants and landlords. We see substantial opportunity to scale the platform further as institutional ownership of rental housing grows and demand rises for smarter, technology-enabled risk solutions. We are excited to partner with Julien, Leo, and the entire management team as they accelerate growth and expand the company’s impact across the U.S. rental ecosystem.”

The transaction is expected to close by the end of the second quarter of 2026, subject to regulatory approvals and other customary closing conditions.

Evercore acted as financial advisor to TheGuarantors. Cooley LLP acted as legal advisor to TheGuarantors. Howden Capital Markets & Advisory LLC served as financial advisor to Warburg Pincus. Wachtell, Lipton, Rosen & Katz served as legal advisor to Warburg Pincus. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing counsel to Warburg Pincus. Greenberg Traurig, LLP served as insurance counsel to Warburg Pincus.

About TheGuarantors
TheGuarantors is the leading residential lease guarantee platform, helping renters qualify for homes while protecting property owners against financial risk. Through proprietary AI underwriting, insurance-backed coverage solutions, and deep integrations with property management systems, TheGuarantors enables faster leasing, higher approval rates, and reduced bad debt exposure. The platform supports approximately 3.5 million units across the nation’s largest institutional property managers and has protected more than $6 billion in lease value nationwide.

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. Over the past five decades, Warburg Pincus has been a leader in investing in financial services companies, deploying nearly $27 billion in over 160 companies across market cycles and remains highly active in today’s dynamic environment. The firm is an active investor in insurance and fintech, with past and current investments including Arch Capital, Avalara, Avaloq, Clearwater, Fetch Pet Insurance, Foundation Risk Partners, IntraFi, K2 Insurance Services, Keystone Agency Partners, McGill & Partners, ParetoHealth, and RenaissanceRe, amongst others.

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. The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Sarah Bloom, Director, Communications, Warburg Pincus

Sarah.bloom@warburgpincus.com

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Duravent Group, Venting and Air Quality Solutions Leader, Secures Strategic Growth Investment from Bain Capital

BainCapital

Investment to accelerate Company’s growth and further scale its industry-leading platform 

Detroit, MI – March 18, 2026 – Duravent Group™ (“Duravent” or the “Company”), a leader in the venting and air movement industries and trusted partner to HVAC professionals, today announced it has secured a significant strategic growth investment from Bain Capital.  Bain Capital will partner with Duravent’s leadership team, led by President and CEO Simon A. Davis, and Egeria, the Company’s existing investor, to accelerate the Company’s next phase of growth, deepen its category leadership, and expand its platform through both organic investments and strategic acquisitions.  Financial terms of the private investment were not disclosed.

Headquartered in Detroit, Michigan, Duravent traces its heritage back to 1901 and has been a pioneering leader in venting solutions for over six decades.  The Company operates 14 distinct brands in several locations across the United States, Canada, and Mexico.  With world-class manufacturing capabilities and distribution networks, Duravent remains at the forefront of venting technology, offering high-quality products designed to meet the evolving needs of both residential and commercial applications.

“This investment is a testament to the strength of our platform and the trust we have earned from customers as the leading provider of venting solutions that stand the test of time,” said Simon Davis. “Bain Capital’s extensive industry expertise and operational capabilities make them the ideal partner to accelerate our next phase of growth. We have been fortunate to have an active, strategic investor in Egeria that has enabled us to build the Duravent Group into the business it is today. Adding Bain further enables us to execute our strategic vision focused on accelerating growth, strengthening our category leadership, and enhancing the differentiated value and service we provide to customers and channel partners.”

The investment was made by Bain Capital’s Special Situations team, which has deep experience investing and partnering to support the growth of industrials companies around the world.

“With a market-leading platform in the venting, filtration, and air quality industries and a more than 100-year legacy of engineering excellence, Duravent is renowned for delivering the most reliable, cutting-edge HVAC systems for homeowners, contractors, and industry professionals,” said Matt Evans, a Partner at Bain Capital Special Situations.  “Simon and his team have done an impressive job of deepening the Company’s value proposition rooted in a customer-first mentality.

“We look forward to a collaborative partnership that builds on Duravent’s rich history of innovation and supporting the growth of the platform both organically and through strategic acquisitions while preserving its unwavering commitment to quality and safety,” added Chris Sun, a Managing Director at Bain Capital Special Situations.

“We are excited to have Bain Capital join us in Duravent’s next chapter,” said Egbert Prenger, Egeria’s CEO. “We see tremendous opportunity to combine our capabilities and resources to support Duravent’s continued expansion. This partnership is consistent with Egeria’s Evergreen investment approach to remain invested in companies over the long term and enable them to realize their full potential.”

Jefferies LLC acted as financial advisor, and Weil, Gotshal & Manges LLP served as legal advisor to Bain Capital.  J.P. Morgan and Baird acted as financial advisors, and Paul Hastings served as legal advisor to Egeria and Duravent.

###

About Duravent Group 
Duravent Group™ is a climate technology leader in the venting and air quality industries and known for first-to-market innovations moving the industry into the future. Headquartered in Detroit, Michigan, Duravent Group operates 14 distinct brands in several manufacturing and distribution centers across Canada, Mexico, and the United States.

With superior manufacturing capabilities, world-class distribution networks, and customer-first service and support, Duravent Group ensures quality and drives safety through scientifically proven materials and unequaled engineering. For more information about Duravent Group, visit duraventgroup.com.

About Bain Capital 
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Egeria
Established in 1997, Egeria is an independent pan-European investment company focused on mid-sized companies in the Benelux and DACH region. Egeria believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria’s private equity portfolio comprises investments in more than 20 companies with total revenues of around 3.0 billion euros and over 14,000 employees.

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KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet

KKR

Transaction marks milestone first KKR Global Climate Transition investment in India

MUMBAI, India–(BUSINESS WIRE)– KKR, a leading global investment firm, Allfleet India Private Limited (“Allfleet”), and PMI Electro Mobility Private Limited (“PMI Electro”), a manufacturer of electric commercial vehicles in India, today announced the signing of definitive agreements under which KKR-managed funds will commit up to $310 million to form a strategic partnership with Allfleet and PMI Electro to help scale Allfleet’s electric bus (“e-bus”) platform and further advance PMI Electro’s manufacturing capabilities. As part of the investment, KKR will acquire a majority stake in Allfleet and minority stake in PMI Electro. This marks the first KKR Global Climate Transition investment in India and the strategy’s eighth investment globally, including recent investments in Australia.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260316328702/en/

Established in 2022, Allfleet (operating through its subsidiaries) is PMI Electro’s e-bus platform, focused on developing, owning, and operating large-scale electric public transport fleets. Today, Allfleet is on course to deploy a fleet of more than 5,000 e-buses, operating under long-term concession and service agreements with multiple state transport authorities supporting urban mobility needs across key cities.

As India accelerates its transition towards decarbonization and cleaner urban mobility, the need to scale reliable and efficient electric public transport infrastructure becomes increasingly critical. KKR’s investment will support Allfleet’s continued growth and strengthen its ability to collaborate with public transport authorities to expand e-bus fleets across key cities, and help deliver cleaner and more reliable public transport for Indian commuters. This builds on an integrated, end-to-end solution spanning manufacturing, ownership, operations, and lifecycle support enabled by the ongoing partnership between Allfleet and PMI Electro, an early mover in e-buses in India.

“Transport electrification is a critical pillar of the energy transition, and India – with its scale, urbanization trends, and decarbonization ambitions – represents one of the most significant opportunities for the sector globally,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia Pacific. “The differentiated combination of Allfleet’s proven, scalable platform and PMI’s manufacturing and service expertise stands out as a full-service solution in this market. We look forward to supporting Allfleet’s next phase of growth by working together with PMI and leveraging KKR’s global operational expertise and experience investing across climate transition.”

Aanchal Jain, CEO, PMI Electro and Director, Allfleet, said: “This investment by KKR marks a defining milestone in our journey and is a powerful endorsement of the integrated electric mobility platform we have built at Allfleet. PMI Electro’s vision is to create a scalable, reliable, and future-ready ecosystem that can transform public transport in India. As our cities grow and mobility needs evolve, clean, efficient, and accessible public transport will play a central role in shaping a more sustainable future.”

“Alongside KKR, the company will continue to focus on responsible scale-up and expanding its presence across Indian cities. This collaboration reflects the alignment of institutional capital, Indian manufacturing capabilities, and on-ground execution in delivering mobility solutions of national relevance.”

KKR is making this investment from its Global Climate Transition strategy. This marks KKR’s latest investment in India and first Global Climate Transition investment in the country. Since 2010, KKR has committed more than $44 billion to climate and environmental sustainability investments. Other KKR Climate investments have included Zenobē, a UK-based transport electrification and battery storage solutions specialist; CleanPeak, an Australian distributed energy platform; HMC Capital’s Energy Transition Platform, a battery energy storage and renewable energy generation platform in Australia; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business providing a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.

The transaction is expected to close in mid-2026, subject to customary regulatory approvals.

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 Allfleet

Allfleet is an electric bus operating platform established by PMI Electro, focused on developing, owning and operating large-scale electric public transport fleets through its subsidiaries to deliver services across multiple cities. Allfleet follows a concession-led operating model designed to provide continuity and performance over the lifecycle of public transport assets. Its operations integrate electric vehicles, fleet management systems, and on-ground execution capabilities to support the deployment and management of public transport services.

About PMI Electro

PMI Electro, a manufacturer of electric commercial vehicles in India, offers an electric bus portfolio comprising 7-metre, 9-metre, and 12-metre models, along with electric school buses. To date, more than 3,000 PMI electric buses have been deployed across more than 30 cities in India, supporting a cleaner public transport ecosystem.

For more information, please contact:

KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com

PMI Electro / Allfleet
Rohit Maggo
+91 99999 59998
rohit.maggo@pmielectro.com

Source: KKR

 

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Intercontinental Exchange Launches ICE Private Credit Intelligence with Apollo as Anchor Partner

Apollo logo

ATLANTA & NEW YORK–Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, today announced the launch of ICE Private Credit Intelligence, which will bring greater transparency to the private credit market. Apollo (NYSE: APO) is supporting the launch as an anchor partner and ICE expects to onboard additional originators, asset managers and capital markets participants over the coming months.

The $40 trillion private credit market has experienced rapid growth over the last decade, fueled by regulatory change, increased adoption among large, high-quality corporate borrowers and growing global demand for long-duration capital. As the market grows and public and private markets converge, the data infrastructure supporting the asset class has not kept pace, creating a need for greater transparency, standardized data and clearer information for investors.

ICE Private Credit Intelligence establishes a private credit data infrastructure layer that is largely consistent with the experience of public credit markets. Key features include:

  • Secure, permissioned data sharing utilizing a standardized reference data set that enables the flow of deal-level information with authorized counterparties without exposing proprietary data broadly.
  • Scalable data distribution and extraction, leveraging ICE’s technology stack to ingest deal documents, extract key terms and data points and distribute secured, consistent information at scale.
  • Expanded capabilities over time, including performance analytics and pricing insights to enhance portfolio management, risk assessment and market transparency.

“Since ICE was founded over 25 years ago, we have been using sophisticated technology to modernize markets and offer innovative new services to our customers that help manage risk and support their alpha generation initiatives,” said Chris Edmonds, President of ICE Fixed Income and Data Services. “By bringing our vast data science expertise, and working with a leading firm like Apollo, we’re excited to launch a new service that will solve crucial challenges in the private credit market and ultimately offer new opportunities to our customers.”

“As private credit continues to scale, the next phase of the market’s evolution will require stronger infrastructure and more standardized data that enables market participants to own and transact in private credit in a way that mirrors the public credit experience,” said Eric Needleman, Partner and Head of Apollo Capital Solutions. “Working with Intercontinental Exchange to develop the foundational data layer that the market has historically lacked is an important step toward improving transparency, enabling more efficient market activity and supporting the continued maturation of private credit.”

Apollo is a leader in private credit that has taken several steps to support the continued evolution of the asset class with more frequent pricing and transparency, including launching a dedicated secondary trading effort last year that has already facilitated nearly $10 billion of trading volume. Apollo is also beginning to transition to more frequent pricing reporting across its credit business, as private credit increasingly serves as a core fixed income allocation replacement in investor portfolios amid more fragmented and less liquid public fixed income markets.

ICE is a global leader in fixed income and data services, providing comprehensive fixed income execution, clearing and data solutions that can help enhance market insights, manage risks, and uncover investment opportunities. ICE provides fixed income evaluations on approximately three million instruments, reference data across global markets, and indices across all asset classes, with $2 trillion in AUM benchmarked to them. For connectivity and data access, ICE offers a suite of desktop solutions and data feeds, as well as the ICE Global Network, which offers high-quality content, delivery and execution services through ultra-secure, highly resilient fiber and wireless networks.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 5, 2026.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

ICE-CORP

Contacts 

ICE Media Contact
Damon Leavell
damon.leavell@ice.com
+1 212 323 8587

media@ice.com

ICE Investor Relations Contact:
Steve Eagerton
+1 904 854 3683
steve.eagerton@ice.com

investors@ice.com

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Kestrel Capital announces Nick Tucker as Chairman

IK Partners

Kestrel Capital (“Kestrel” or “the Company”), a leading independent Irish wealth manager, is pleased to announce the appointment of Nick Tucker as its new Chairman, effective since January. His appointment marks an important milestone as the Company enters its next phase of growth and platform development

The appointment reflects Kestrel’s continued focus on strengthening governance, enhancing strategic oversight and supporting long-term value creation as the business continues to scale. Nick brings more than four decades of senior leadership experience across the Wealth and Investment Management sectors, having held prominent roles at firms such as UBS and Merrill Lynch, most recently serving as Chief Executive Officer of Waverton Investment Management (“Waverton”). During his tenure, Nick guided Waverton through its private equity backed merger with London & Capital, helping to establish W1M Wealth Management as a leading international wealth and investment management firm.

Nick succeeds Donall Gannon, who stepped down from the role at the end of 2025 following more than 10 years working closely with Kestrel. During Donall’s tenure as Chairman, Kestrel underwent a period of significant transformation, evolving from a start-up in 2015 into a leading independent MiFID-regulated wealth manager, growing assets under management to over €1 billion. He also played a key role in supporting the Company through a major phase of strategic development, which saw it successfully securing of significant investment from IK Partners, a leading European private equity firm, in 2025.

As Chairman, Nick will work closely with the Board and management team to support Kestrel’s strategic direction, strengthen its governance framework and help advance the Company’s growth agenda, including broadening its service offering, developing its advisory team and pursuing selective complementary acquisitions.

Headquartered in Dublin, Ireland, Kestrel was founded in 2015 and is led by John Crowe, Danny McGinley and Kenny Hope. Together, the management team has a combined experience of more than 70 years in wealth management and continues to focus on delivering high-quality, client-centric advice to support long-term wealth preservation.

John Crowe, Founder and CEO of Kestrel, said: “On behalf of the Board and all at Kestrel, I’d like to thank Donall for his exceptional contribution over the past decade — his unwavering support has been instrumental in shaping Kestrel into the business it is today. We are delighted to have appointed Nick as Donall’s successor and firmly believe that his expertise, strategic insight and leadership experience within the Wealth Management sector will be invaluable to the Board and management team as we continue to broaden our offering, invest in our team and execute our long-term strategy.”

Nick Tucker, incoming Chairman of Kestrel, commented: “I am delighted to have joined Kestrel at such an exciting point in its journey. The Company has established itself as a clear leader in its field with a strong reputation, compelling client proposition and an impressive growth story on which to build upon. I look forward to working closely with the Board and management team to support the next phase of Kestrel’s development.”

Contact

IK Partners
Vidya Verlkumar – Director of Communications and Marketing
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About Kestrel Capital

Kestrel Capital is an independent, employee-owned Investment Advisory and Management firm, supporting high-net-worth individuals, family offices, corporations, charities, foundations and retirement plans. Kestrel Capital provides access to global financial markets via world class international trading platforms. For more information, visit kestrel.ie

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Bain Capital to Acquire Perpetual Wealth Management

BainCapital

SYDNEY — March 16, 2026 — Bain Capital, a leading global private investing firm, today announced its acquisition of Perpetual Wealth Management, a leading Australian-based wealth management business currently owned by Perpetual Group. Details of the sale agreement have been announced to the Australian Securities Exchange.The investment is made by the firm’s Private Equity team in Australia.

Perpetual Wealth Management has AU$21.9 billion in Funds under Advice as at 31 December 2025 and has been operating for more than 135 years. Perpetual Group’s wealth management business services high-net worth clients, not for profits, and private businesses through brands such as Perpetual Private, Fordham, Jacaranda Financial Planning, and Priority Life.

Geoff Lloyd, the former Perpetual Group CEO from 2012 to 2018, will become the Executive Chair of the business under Bain Capital’s ownership.

Australian-based Partners Mike Murphy and Charles Lawson have led the Bain Capital investment.

Mike Murphy, a Partner at Bain Capital said: “Perpetual Wealth Management is one of the best known wealth platforms in Australia. It has industry-recognised advisers and a highly respected brand. The business is underpinned by strong and defensive Funds Under Management; the depth of client relationships and the non-discretionary nature of trust funds set the business apart from competitors.

“The business has significant growth potential through targeted investment, including in systems and technology upgrades. Bain Capital will support management to deliver that growth.”

Charles Lawson, a Partner at Bain Capital said: “The Australian wealth sector is growing strongly, underpinned by macro trends including an aging population, wage growth, and the need to manage intergenerational transfers of A$5Tn+ over coming decades. Against this backdrop, financial advice in Australia remains highly fragmented and we believe there will be opportunities to help drive consolidation through the Perpetual Wealth Management business.”

Geoff Lloyd said: “Under Bain Capital’s ownership Perpetual Wealth Management will have the freedom to modernise, to innovate, and to grow, without losing sight of the values and heritage that define it. It is an exciting opportunity to create even more value for our clients and our people.”

The current intention is to complete the sale transaction towards the end of the 2026 calendar year subject to obtaining FIRB and ACCC approvals.

ENDS

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, portfolio companies, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,900 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Perpetual Group 

Perpetual Limited (Perpetual Group) is an ASX listed (ASX:PPT) global financial services firm operating a multi boutique asset management business, and wealth management and trustee services businesses. Perpetual Group owns leading asset management boutiques including Perpetual, Pendal, Barrow Hanley, J O Hambro, Trillium and TSW, as well as the Regnan brand. Perpetual Group’s wealth management business services high-net worth clients, not for profits, and private businesses through brands such as Perpetual Private, Fordham and Jacaranda Financial Planning. Perpetual Group’s corporate trust business provides services to managed funds, the debt market and includes a growing digital and markets business. Headquartered in Sydney, Perpetual services its global client base from offices across Australia as well as internationally from Asia, Europe, the United Kingdom and United States.

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CapMan Real Estate acquires two major residential development projects in Stockholm

Capman

CapMan Real Estate has signed an agreement with leading residential developer Reliwe to forward fund two multifamily development projects in Barkarby and Flemingsberg, Stockholm.

The two projects comprise a total of 478 apartments, 10 commercial units and 154 parking spaces. The sites have been selected for their strong micro-locations and excellent access to public transport infrastructure, providing residents with convenient commuting options and excellent local amenities. Both properties are located within 25 minutes from the Stockholm city center by public transport.

The projects target high sustainability standards including EU Taxonomy alignment. Sustainability features will include solar panels, charging stations for electric vehicles, and access to shared car and bicycle pools.

Closing of the transaction is expected in March 2026, with construction scheduled to commence shortly thereafter. Construction of the Barkarby project will be carried out by Consto, with final completion expected in Q4 2028. The Flemingsberg project will be constructed by Hanssons Hus Entreprenad, with final completion anticipated in Q2 2028.

CapMan Real Estate has significantly expanded its Swedish residential footprint in recent years, building a portfolio of approximately 2,000 multifamily apartments in the Stockholm region, comprising both completed properties and ongoing developments. Residential remains a core strategic focus for CapMan Real Estate.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 90 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Magnus Berglund, Partner and Head of Sweden and Norway, +46 70 786 68 08

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 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. www.capman.com

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Alexander & Baldwin is Taken Private in $2.3 Billion Transaction

Blackstone

HONOLULU – Alexander & Baldwin (“A&B” or the “Company”), a Hawaiʻi-based owner, operator and developer of high-quality commercial real estate in Hawaiʻi, today announced that a joint venture formed by an affiliate of MW Group and funds affiliated with Blackstone Real Estate and DivcoWest (collectively, the “Investor Group”) has completed its previously announced acquisition of all outstanding A&B common shares in an all-cash transaction with an enterprise value of approximately $2.3 billion, including outstanding debt. The closing of the transaction follows approval by A&B shareholders at the Company’s Special Meeting of Shareholders on March 9, 2026.

Pursuant to the terms of the merger agreement, holders of A&B common shares who held their shares through the effective time of the merger are entitled to receive an amount in cash equal to $21.20 per share, without interest and less any applicable withholding taxes and less A&B’s fourth quarter 2025 dividend of $0.35 per share, which was paid on January 8, 2026, to shareholders of record as of the close of business on December 19, 2025 (resulting in a net payment at closing of $20.85 less any applicable withholding taxes). As a result of this transaction, A&B’s common stock has ceased trading on the New York Stock Exchange and it is now a private company.

BofA Securities served as A&B’s exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and Cades Schutte LLP served as legal advisors.

Simpson Thacher & Bartlett LLP and Carlsmith Ball LLP served as Blackstone’s legal counsel.

Gibson, Dunn & Crutcher LLP and McDermott Will & Schulte LLP served as legal counsel to DivcoWest and MW Group in connection with the transaction. Schneider Tanaka Radovich Andrew & Tanaka LLLC served as additional legal counsel to MW Group.

The transaction was announced on December 8, 2025.

About Alexander & Baldwin

Alexander & Baldwin (A&B) is a commercial real estate operator focused on grocery-anchored retail and select commercial assets across Hawai‘i. A&B is the state’s largest owner of neighborhood shopping centers. The company owns and manages approximately 4.0 million square feet of commercial space in Hawai‘i, including 21 retail centers, 14 industrial assets, four office properties, and 146 acres of ground lease holdings. Over its 156-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. A&B is privately held through a joint venture formed by MW Group, Blackstone Real Estate and DivcoWest.

Learn more about A&B at www.alexanderbaldwin.com.

About MW Group, Ltd.
MW Group, Ltd. is a privately-held, commercial real estate development company based in Honolulu, Hawai‘i. For more than three decades, the company has led the acquisition, development and management of a diverse portfolio of commercial properties valued at over $1 billion, including retail, industrial, office, self-storage facilities and senior assisted living communities. The company is committed to long-term stewardship, community-building, and creating enduring value through strategic partnerships and operational excellence. Learn more at www.mwgroup.com.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $319 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Beverly Hills, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. Follow @DivcoWest on LinkedIn.

Contacts:

A&B
Investor Contact:
Clayton Chun
(808) 525-8475
investorrelations@abhi.com

Media Contact:
Tran Chinery
tchinery@abhi.com

MW Group
Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

Blackstone

Jeffrey Kauth
jeffrey.Kauth@Blackstone.com

Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

DivcoWest
Andrew Neilly
A2N2 Public Relations
925.915.0759
andrew@A2N2PR.com

Nancy Amaral
A2N2 Public Relations
925.915.0673
nancy@A2N2PR.com

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Apollo Sports Capital Completes Transaction to Become Majority Shareholder of Atlético de Madrid

Apollo logo

Club continues under the leadership of CEO Miguel Ángel Gil and Chairman Enrique Cerezo

MADRID and NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) — Atlético de Madrid today announced that Apollo Sports Capital (‘ASC’), the global sports investment company and affiliate of Apollo (NYSE: APO), has completed its previously announced investment to become the Club’s majority shareholder. As part of the transaction, the Quantum Pacific Group (QPM) will retain substantially all of its previously held stake and be the second-largest shareholder, while Miguel Ángel Gil and Enrique Cerezo as well as Ares funds will remain as shareholders.

Miguel Ángel Gil and Enrique Cerezo will continue to lead Atlético de Madrid as Chief Executive Officer and Chairman, respectively. As long-term investors, ASC will partner with Atlético de Madrid’s management to support the Club’s financial strength, sporting competitiveness and community impact. In addition, the shareholders of the Atlético de Madrid Board have approved an increase of equity and strategic capital up to an additional €100 million to support the Club’s plans, including investment in Atlético de Madrid’s teams and in major infrastructure projects as part of Ciudad del Deporte.

Chief Executive Officer of Atlético de Madrid Miguel Ángel Gil, said, “We are proud to officially welcome Apollo Sports Capital to Atlético de Madrid as a committed, long-term partner and one that will build on our great legacy on and off the pitch for our fans, our players, coaches and staff, and our community. I also want to thank Wanda Group, Quantum Pacific and Ares, who have supported us through pivotal moments to make this new chapter a reality.”

Apollo Partner and co-Portfolio Manager of ASC Robert Givone, said, “It is an honor for Apollo Sports Capital to become stewards of this storied franchise, partnering with Miguel Ángel and the management team to back their long-term vision, investing in the club and the local community. ASC is committed to upholding the Atleti spirit and traditions in this exciting next phase.”

Antoine Bonnier, CEO of Quantum Pacific (UK) LLP, said, “We are proud to be remaining as the Club’s second-largest shareholder as we enter this exciting new era, and we look forward to working with Apollo, Miguel, Enrique and everyone else at Atleti to reach new heights together. Under Miguel’s leadership, we have achieved a lot together on and off the pitch. Now, as we approach our second decade at Atleti we’re confident that the best is yet to come.”

Jim Miller, Co-Head of Ares’ Sports, Media and Entertainment strategy, said, “We are excited to continue our support for Atlético de Madrid, and we are confident in the Club’s future as they build on their momentum and the significant success we’ve achieved together.”

Apollo Sports Capital is a global sports investment company investing across the sports and live events ecosystem, predominantly in credit and hybrid opportunities. Atlético de Madrid is ASC’s flagship majority equity investment and is not part of a multi-club control ownership strategy.

A&O Shearman acted as legal counsel to Apollo Sports Capital. ECIJA acted as legal counsel to Mr Gil and Mr Cerezo.

About Atlético de Madrid
Club Atlético de Madrid is one of Europe’s most prestigious football clubs and sporting institutions, with a long history of success since its foundation in 1903. The Club has a rich legacy of sporting excellence, winning multiple domestic and international trophies. Atlético’s greatest strength is its dedicated and passionate fan base in Spain and around the world, with a record-breaking number of Club members.

In the last decade, Atlético has established strong foundations for the future of the Club by investing in long-term projects, led by the opening of the Riyadh Air Metropolitano in 2017. Recognized as one of Europe’s elite stadiums, Atlético’s home is a first-class, multi-use venue which has created significant long-term value for the Club. The Riyadh Air Metropolitano will proudly host the UEFA Champions League final for the second time in 2027. The Club is now developing the ‘Ciudad del Deporte’, a unique and ambitious project to create a vibrant new district that will serve the local community and as a world-class destination for sport, leisure and tourism.

To learn more, please visit www.atleticodemadrid.com.

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 December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

About Quantum Pacific Group
The Quantum Pacific Group is an international group of businesses with significant interests in a wide range of industries globally, including shipping, power, chemicals and fertilisers, real estate and sports. Quantum Pacific primarily focuses on long-term asset-backed investments, with a goal to build and grow leading companies and organisations. Since 2017, sport has become a growing part of the Group’s portfolio and now spans a range of investments in established and emerging tier-1 leagues.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Contacts

Atlético de Madrid
media@atleticodemadrid.com

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

Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

Quantum Pacific Group
Sam Johnson / Abi Genis, Milltown Partners
sjohnson@milltownpartners.com / agenis@milltownpartners.com

Ares
Jacob Silber | Giles Bethule
media.europe@aresmgmt.com

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Bosch Ventures participates in USD 50 million Series B of Qdrant to power the next generation of scalable AI infrastructure

Robert Bosch

Berlin startup sets new performance benchmarks for production AI applications

  • Qdrant enables precise, scalable data access as the core infrastructure for production AI applications.
  • USD 50 million Series B round led by AVP together with international co-investors.
  • Dr. Ingo Ramesohl, Co-Managing Director of Bosch Ventures: “Qdrant exemplifies the kind of deep-tech innovation that we believe will shape the next generation of powerful and trustworthy AI systems.”

Stuttgart & Berlin, Germany – Bosch Ventures, the corporate venture capital company of the Bosch Group, is participating in Qdrant’s USD 50 million Series B financing round. The round, led by AVP and joined by international co-investors, underscores the growing importance of AI infrastructure for business-critical applications such as multimodal search and AI agent systems.

 

Next-Generation Vector Database for Production AI systems

As artificial intelligence moves from pilot projects into operational deployment, fast and precise access to relevant data is becoming a key success factor. Qdrant has developed a highly powerful search technology designed for large-scale datasets. Built from the ground up in the Rust programming language, the solution enables companies to search extremely large and complex datasets in real time in the cloud, in hybrid infrastructures, in their own data centers, or directly on devices and machines at the edge. The result is a search engine that adapts to the use case rather than forcing the use case to adapt to the search engine. “Whether a team prioritizes maximum accuracy, lowest latency, or cost efficiency at scale, Qdrant provides the controls needed to achieve those goals,”
says André Zayarni, CEO and co-founder of Qdrant. As an open-source solution, Qdrant benefits from a global developer community while also offering companies transparency, flexibility, and technological independence.

 

“In commercial AI applications, the ability to reliably retrieve context-relevant information in real time has become mission-critical infrastructure,” says Ingo Ramesohl, Managing Director of Bosch Ventures. “Qdrant’s cutting-edge, Rust-based architecture exemplifies the type of deep-tech innovation that we believe will shape the next generation of powerful and trustworthy AI systems. We are excited to support the team on its continued growth journey.”

 

Proven in production and Scaled Globally

Companies including Tripadvisor, OpenTable, Bayer, Deutsche Telekom, and Bosch rely on Qdrant when vector search must run reliably and efficiently under real-world conditions. The open-source project has more than 250 million downloads and over 28,000 stars on GitHub. Its global developer community continuously advances the platform based on real production requirements. Qdrant has also been recognized in several industry reports, including The Forrester Wave™: Vector Databases, Q3 2024; GigaOm Radar for Vector Databases v3 (2025) and Sifted’s 2025 B2B SaaS Rising 100.

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