Category Archives: News

EQT Foundation opens applications for breakthrough research grant in rare diseases

eqt

EQT Foundation

  • EQT Foundation opens applications for deeptech solutions grant, tackling transforming how we diagnose, treat, and manage rare conditions
  • The program will award between EUR 25,000 to EUR 100,000 

EQT Foundation is launching a new call for proposals under its Breakthrough Science program. The program awards catalytic grants of €25,000 to €100,000 to researchers tackling urgent challenges in the field of rare diseases. Designed to accelerate bold scientific ideas with high potential for real-world patient impact, the program supports translational research that might be overlooked by traditional funders. The call is open to scientists affiliated with accredited nonprofit institutions globally.

More than 300 million people worldwide live with a rare disease, nearly half of them children¹. For most, the path to diagnosis is long and uncertain, and treatment options are limited or nonexistent. At the same time, the rare disease field has given rise to some of the most significant advances in medicine, from gene therapy to RNA-based modulation. This grant call aims to support the next generation of these breakthroughs, solutions that begin with the rare few but ripple across science and healthcare systems at large.

The program seeks research at the intersection of deeptech innovation and clinical application, with a focus on:

  • Novel therapeutic platforms: gene and RNA therapies, enzyme replacement, oral treatments, delivery innovations, and scalable approaches to individualized medicine
  • Biomarker discovery and diagnostics: tools that accelerate early detection and improve trial design, especially in underserved settings
  • Trial acceleration: registries, digital biomarkers, and AI-enabled evidence generation for faster paths to first-in-patient
  • Access-enabling technologies: innovations that reduce cost or complexity of deployment in low-resource or remote settings
  • Human-relevant disease models: induced pluripotent stem cells, organoids, or organ-on-chip platforms that deepen mechanistic insight and de-risk clinical development

Cilia Holmes Indahl, CEO, EQT Foundation, comments: “Rare diseases often go unseen and unheard, leaving millions, many of them children, without effective treatments or timely diagnoses. Through this fast-track grant program, we’re not just funding research, we’re supporting bold scientists  to make the leap from lab to clinic. We believe breakthrough technologies can help improve treatments for rare diseases in cost-effective ways, representing an interesting new area for impact investors looking to improve quality-adjusted life years.”

In addition to funding, the grantees will benefit from access to EQT’s global network, connecting them with advisors, potential industry partners, and commercialization support tailored to the needs of translational science.

Applications open on September 2, 2025, and close on October 1, 2025, at 23:59 CET. Proposals will be reviewed by a panel of scientific and translational experts. Shortlisted applicants will be invited to interview with the EQT Foundation team, with final decisions communicated shortly thereafter.

To apply, visit: https://eqtgroup.com/eqt-foundation/grant-submission

1United Nations General Assembly, Addressing the Challenges of Persons Living with a Rare Disease and Their Families (A/RES/76/132), 2021

 

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About EQT

EQT is a purpose-driven global investment organization with EUR 266 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 30 June 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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

About EQT Foundation

EQT Foundation is a philanthropic organisation 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.

Follow EQT Foundation on LinkedIn

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Blackstone Strategic Partners Closes Largest Infrastructure Secondaries Fund Ever Raised at $5.5 Billion

Blackstone

NEW YORK – September 2, 2025 – Blackstone (NYSE:BX) announced the final close on $5.5 billion for its latest infrastructure secondaries fund, Strategic Partners Infrastructure IV L.P., and its related committed program vehicles. SP Infrastructure IV is the world’s largest dedicated infrastructure secondaries fund raised to-date.

Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: “This fundraise reflects the breadth of our platform, the power of the Blackstone Strategic Partners brand, and our commitment to generating strong risk-adjusted returns for our investors. The substantial scale we’ve built over two decades positions us well to capitalize on the growing opportunity set across the infrastructure secondary market.”

Mark Bhupathi, Senior Managing Director and Head of Strategic Partners Infrastructure, said: “We are incredibly grateful to our investors for their continued support. With our scale, global reach, and deep insights, we look forward to deploying this capital in one of the fastest growing segments of the secondary market.”

About Blackstone Strategic Partners 
Blackstone Strategic Partners is a global capital solutions provider, with $91 billion of investor capital under management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms.

Contact
Paula Chirhart
Paula.Chirhart@Blackstone.com

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Blackstone Announces Partnership with JUNO, South Korea’s Leading Premium Hair Care Franchise

Blackstone

SEOUL –  September 2, 2025 – Blackstone (NYSE:BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to make a significant investment in JUNO (“JUNO” or “the Company”), South Korea’s most prominent premium hair care brand. This transaction is in partnership with JUNO’s Founder, Yun-Seon Kang, who will remain in her role as Chief Executive Officer and partner together with Blackstone to drive the Company’s continued growth and global expansion.

Founded in 1982, JUNO has become the leading hair care franchise in South Korea with more than 180 branches nationwide, a growing footprint in Asia across Singapore, Vietnam, and the Philippines, and new master franchise partners in Japan and Thailand. The Company has evolved into an integrated beauty and wellness platform, recognized as a pioneer in Korean hair artistry and promoting multi-step, prevention-focused hair wellness treatments, a pillar of the K-beauty philosophy. JUNO was an early innovator in introducing advanced treatments and signature wellness services, which are the latest K-beauty trends driving consumer demand worldwide. The Company’s JUNO Academy is a globally recognized institute that has trained and cultivated thousands of K-beauty stylists worldwide.

Yun-Seon Kang, Founder & Chief Executive Officer, JUNO, said: “This partnership with Blackstone marks an important milestone event in JUNO’s journey and reaffirms the confidence we have in the Company, our 3,000+ JUNO Family members comprising of designers and care technicians, and the future of the brand. We are very excited to partner with Blackstone, who shares our vision of delivering exceptional Korean beauty and wellness services to a global audience. Blackstone brings unique scale and a global platform, which will help drive our expansion and solidify our leadership in K-beauty.”

Eugene Cook, Head of Korea for Blackstone Private Equity, said: “It’s an honor and privilege to partner with CEO Kang, the entire JUNO leadership team, and extensive community of talented hair care specialists in the JUNO system. This partnership reinforces Blackstone’s commitment to partnering with visionary entrepreneurs and supporting family-owned businesses to accelerate their growth using Blackstone’s global scale, operational expertise, and expert networks. JUNO represents Blackstone’s fourth Private Equity investment in South Korea, where we have invested behind industry leading companies together with visionary entrepreneurs, and committed to working towards their long-term success.”

Sonny Park, Principal, Blackstone Private Equity, said: “We are seeing explosive global demand for Korean beauty services, and we are thrilled to be at the forefront of this trend through Blackstone’s partnership with JUNO. Consumer beauty and wellness services is an important investment theme for Blackstone’s Asia Private Equity business, and we seek to help companies thrive and better serve their customers, both domestically and internationally, through best-in-class resources and expertise. We look forward to welcoming JUNO into Blackstone’s global ecosystem.”

 
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.

Media Contacts
Ellen Bogard
+852 9731 9726
Ellen.Bogard@Blackstone.com

Wendy Lee
+852 9176 6179
Wendy.Lee@Blackstone.com

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Titan Aviation Leasing, Bain Capital and Atlas Air Worldwide Launch Second Freighter Aircraft Investment Platform with $410 Million Capital Commitment

BainCapital

Expanded Platform Builds on Success of Titan Aircraft Investments I to Strengthen Global Freighter Leasing Portfolio

DUBLIN – September 2, 2025 –Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide [“Atlas”], and Bain Capital today announced the successful closing of Titan Aircraft Investments II, DAC (“TAI 2”), a new freighter aircraft investment platform. TAI 2 launches with a $410 million capital commitment from Bain Capital and Atlas that further scales the firms’ joint venture platform that is focused on delivering flexible and efficient freighter leasing solutions worldwide.

Building on the strong performance of Titan Aircraft Investments I, Ltd. (“TAI 1”), which was established in 2019 and launched with $400 million in initial capital commitments, TAI 2 represents a milestone expansion of the freighter leasing platform to meet sustained global demand for dedicated cargo aircraft.

TAI 1 targeted long-term deployment of $1 billion in assets. Since TAI 1’s inception, Titan Aviation Leasing has acquired 19 aircraft across 11 lessees worldwide, capitalizing on secular demand for cargo aircraft driven by robust e-commerce growth.

Titan Aviation Leasing will continue to provide comprehensive aircraft and lease management services across both portfolios, leveraging its deep cargo aviation expertise to support a growing and diversified customer base.

“The successful deployment of TAI 1 has demonstrated the strength of our partnership with Bain Capital and Atlas, and the critical role Titan plays in delivering efficient, flexible freighter leasing solutions,” said Eamonn Forbes, Senior Vice President and Chief Commercial Officer, Titan Aviation Leasing. “We are excited to scale this platform further with TAI 2 and continue supporting the evolving needs of the global air cargo industry.”

“This expanded platform underscores our commitment to the freighter leasing sector and to building long-term solutions for our customers,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide.

“We are proud to deepen our partnership with Titan and Atlas as we expand our platform to meet the increasingly complex demands of global cargo supply chains,” said Matthew Evans, a Partner at Bain Capital. “By leveraging our combined expertise with the ability to act quickly and efficiently in a continually evolving market, we are well positioned to continue delivering flexible, high-impact solutions that help freight operators around the world meet their diverse financing needs.”

About Titan Aviation Leasing:
Titan Aviation Leasing is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan Aviation Leasing’s fleet of cargo aircraft supports customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan Aviation Leasing’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.

Titan Aviation Leasing provides management services to the joint venture, including aircraft acquisitions, lease management, passenger-to-freighter aircraft conversion oversight, technical expertise, and disposal of aircraft.

About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Titan Aviation Holdings, Inc., and Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777 and 767 aircraft for domestic, regional and international cargo and passenger operations.

Media Contacts

 For Bain Capital Double Impact:

 Edward de Sciora

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Apollo Completes Acquisition of Bridge Investment Group

Apollo logo

NEW YORK and SALT LAKE CITY, Sept. 02, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (“Bridge”) today announced that Apollo has completed the previously announced acquisition of Bridge in an all-stock transaction. As a platform company within Apollo’s asset management business, Bridge will retain its existing brand, management and investment teams and dedicated capital formation team.

Apollo Partner and Co-Head of Equity David Sambur said, “Completing the acquisition of Bridge marks an important step for Apollo’s real estate business, providing immediate scale in real estate equity and strengthening our ability to originate across secular growth areas of the market. Bridge has built an incredible organization with deep investment talent, specialized operating expertise and strong investor relationships. Combined with our existing real estate capabilities, we believe this positions us to deliver for clients across market cycles with a full-service platform.”

Bridge Executive Chairman Bob Morse said, “Joining Apollo marks an exciting new chapter for Bridge, which enables us to build on the strengths that we have developed over more than 15 years with the resources and strategic guidance of one of the world’s foremost alternative asset managers. With Apollo’s support, we see significant opportunity to expand and diversify our investment verticals, enhance our capital formation capabilities and drive value for our investors. We look forward to working together to build one of the industry’s premier real estate investment franchises.”

Transaction Details

Pursuant to the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders are entitled to receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. As a result of the completion of the acquisition, Bridge’s common stock has ceased trading on the New York Stock Exchange.

Advisors

BofA Securities, Citi, Goldman, Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group served as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel and Sidley Austin LLP acted as insurance regulatory counsel to Apollo. J.P. Morgan Securities LLC served as financial advisor to Bridge and Latham & Watkins LLP acted as legal counsel. Lazard served as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine & Moore LLP acted as legal counsel.

Forward-Looking Statements

In this press release, references to “the Company” refer to Apollo Global Management, Inc. and “Apollo,” “we,” “us” and “our” 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 benefits of the transaction between Apollo and Bridge, 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,” “target” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or 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, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, the ability of Athene Holding Ltd. (“Athene”) to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in the Company’s annual report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the Company’s other filings with the SEC. 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.

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.

About Bridge

Bridge Investment Group is an affiliate of Apollo (NYSE: APO) and a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of June 30, 2025. Powered by Apollo, Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select real estate verticals.

Contacts

For Apollo:

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

For Bridge:

Bonni Rosen Salisbury

Head of Shareholder Relations

Bridge Investment Group Holdings Inc.

shareholderrelations@bridgeig.com

Charlotte Morse

Head of Investor Relations and Marketing

Bridge Investment Group Holdings Inc.

(877) 866-4540

charlotte.morse@bridgeig.com

H/Advisors Abernathy

Dan Scorpio

(646) 899-8118

Dan.scorpio@h-advisors.global

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Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield to Acquire Air Lease Corporation in 100% Cash Transaction

Apollo logo

 

Leading investors with a long-term strategic focus deliver transformational transaction for the aircraft leasing sector 

  • Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield have reached a definitive agreement to acquire Air Lease Corporation through a newly established entity, Sumisho Air Lease Corporation (Ireland) DAC
  • Air Lease will be renamed Sumisho Air Lease Corporation (“Sumisho Air Lease”) and its orderbook is expected to transfer to SMBC Aviation Capital as part of the transaction; SMBC Aviation Capital will act as a servicer to Sumisho Air Lease’s portfolio
  • Apollo and Brookfield to provide capital to support the acquisition, joining Sumitomo Corporation and SMBC Aviation Capital as aligned investors
  • Sumisho Air Lease will be optimally positioned to capitalise on airline and investor demand in a supply constrained environment
  • Sumisho Air Lease is expected to be an investment-grade rated aircraft lessor with a globally diverse group of airline customers and portfolio of new technology aircraft

New York, Dublin, Tokyo – September 2, 2025: Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds (“Apollo”) and Brookfield, today announced that they have reached a definitive agreement to acquire Air Lease Corporation (“Air Lease”), a leading aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger with a portfolio primarily comprised of new technology aircraft. Upon closing, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and Brookfield have agreed to provide capital to support the transaction.

Under the terms of the agreement, Air Lease common stockholders will receive $65.00 per share in cash, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. The cash consideration represents a 7% premium over Air Lease’s all-time high closing stock price on August 28, 2025, a 14% premium over the volume weighted average share price during the 30 trading day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12 months’ trading day period ended August 29, 2025.

Sumisho Air Lease’s position as an established aircraft lessor and SMBC Aviation Capital’s industry-leading capabilities bring scale and financial strength to address the fast-evolving and increasingly complex needs of airline customers. Sumisho Air Lease will further benefit from the Sumitomo Corporation and SMBC Aviation Capital’s deep expertise in, and long-standing commitments to, the aviation leasing sector.

Takao Kusaka, Group CEO, Transportation & Construction Systems Group of Sumitomo Corporation, said:

“We are honoured to have reached this significant agreement together with SMBC Aviation Capital, Apollo and Brookfield.

“Through this transaction, we will achieve greater scale and profitability, positioning the Sumitomo Corporation Group’s aircraft leasing business as one of the largest globally in terms of owned and managed aircraft through Sumisho Air Lease’s highly attractive portfolio centered on new tech aircraft.

“This will further strengthen our industry standing and enhance our competitive advantage. Sumisho Air Lease will be a core part of the Sumitomo Corporation Group’s wider investments in the aviation sphere. Sumisho Air Lease’s inclusion within the shareholder eco-system provides an opportunity to create powerful new synergy.”

Peter Barrett, Chief Executive Officer of SMBC Aviation Capital, said:

“This transaction is transformational for our business and the leasing landscape. Investing in Sumisho Air Lease, purchasing their orderbook and becoming servicer to the substantial majority of Sumisho Air Lease’s portfolio will enable us to deploy our financial scale and strength to meet the evolving needs of our customers and take a strategic lead in reshaping our sector.

“In our sector, economies of scale matter. Our industry is evolving at pace and requires significant and diverse pools of capital so that our airline and investor customers can be provided with the products and services they need.

“As one of the most well-regarded leasing platforms, with a portfolio focused on liquid, in demand, new tech aircraft, Air Lease presents an attractive opportunity for the co-investors.”

Jamshid Ehsani, Partner, Apollo, said:

“Apollo’s partnership with SMBC Aviation Capital and Sumitomo Corporation is a testament to our core principle of delivering tailor made, scaled and innovative capital solutions to corporations. This important industry transaction highlights the flexibility of the Apollo’s long-term insurance capital and our creative approach to high-grade capital solutions. Apollo has a distinguished and established track record in aviation investing, led by our industry experts at Perseus Aviation, and we are pleased to deliver the full strength of the Apollo ecosystem to the success of this transaction.”

Craig Noble, CEO of Brookfield Credit, said:

“We are pleased to partner with SMBC Aviation Capital and Sumitomo Corporation in this landmark transaction, which highlights Brookfield’s ability to provide hybrid solutions in an environment with a growing need for private capital. By combining our credit expertise, industry insight, and large-scale capital with the strengths of our strategic partner manager, Castlelake—a leader in aviation investing—this transaction demonstrates the value of flexibility and scale in today’s market.”

Additional Transaction Details

SMBC, Citi, and Goldman Sachs Bank USA have provided $12.1 billion of committed financing in connection with the transaction.

Sumisho Air Lease is expected to receive investment grade ratings from S&P, Fitch and Kroll.

The Board of Directors of Air Lease has unanimously approved the agreement. The transaction is subject to customary closing conditions, including approval by Air Lease’s common stockholders and receipt of certain regulatory approvals, and is expected to close in the first half of 2026. Air Lease’s directors and certain executive officers have agreed to vote the shares of common stock held by them in favour of the transaction.

Advisors

Citigroup Global Markets Limited and Goldman Sachs International are acting as financial advisors to SMBC Aviation Capital. Davis Polk & Wardwell LLP and McCann Fitzgerald are acting as legal advisors to SMBC Aviation Capital. Goldman Sachs Japan and Citigroup Global Markets Japan are acting as financial advisors to Sumitomo Corporation. Norton Rose Fulbright is acting as legal advisor to Sumitomo Corporation. Milbank LLP is acting as legal advisor to Apollo and Brookfield.

For more information, please contact:

SMBC Aviation Capital

Conor Irwin, SVP Communications (for media)
+353 87 381 6106

Mark Allen, Head of Corporate Finance (for investors)
+353 87 226 3622

FGS Global (for SMBC Aviation Capital) 

SMBCAviation-LON@fgsglobal.com

Richard Webster-Smith
+44 7796 708551

Rory King
+44 7917 086 227

Sumitomo Corporation

Contact Us | Sumitomo Corporation

Apollo

Noah Gunn, Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose, Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com

Brookfield

Rachel Wood, Vice President, Communications
+1 (212) 618-3490
Rachel.wood@brookfield.com

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 127 offices in 64 countries and regions. The Sumitomo Corporation Group consists of approximately 500 companies and 80,000 employees on a consolidated basis. The Group’s business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of “Enriching lives and the world,” based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation

About SMBC Aviation Capital

SMBC Aviation Capital is a leading aircraft lessor globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/

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

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management. Brookfield invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Brookfield Credit manages approximately $332 billion of assets globally as of August 6, 2025, focused on a broad range of private credit investment strategies, including infrastructure, renewables, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial direct investment platform which has been developed over several decades, alongside Brookfield’s strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, Brookfield Credit delivers flexible, specialized capital solutions to borrowers, and seeks to achieve attractive risk-adjusted returns for our clients. For more information, please visit our website at www.bam.brookfield.com

 

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Benefit Street Partners closes $2.3 billion private credit continuation vehicle led by Coller Capital

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Coller Capital

Largest single fund credit continuation vehicle supported by a diversified, senior secured credit portfolio.[1]

NEW YORK, September 2, 2025 – Benefit Street Partners L.L.C. (“BSP”), a leading credit-focused alternative asset manager with strategies spanning the credit spectrum, and Coller Capital, the world’s largest dedicated private markets secondaries manager[2], today announced the closing of a $2.3 billion private credit continuation vehicle, BSP Debt Fund IV CV. This landmark transaction, which was led by Coller Capital, represents the largest single-fund portfolio of its kind in the private credit secondaries market.

BSP Debt Fund IV CV was established to acquire a resilient, income-generating portfolio of diversified senior secured, floating-rate loans—both sponsor- and non-sponsor-backed—from BSP’s 2016 vintage flagship direct lending fund, consisting primarily of first lien loans to U.S. middle market companies.

“This transaction underscores our ability to deliver strong outcomes for our investors while also advancing innovation in the private credit secondaries market,” said Blair Faulstich, Head of Private Debt at Benefit Street Partners. “This continuation vehicle structure allows us to extend the life of our fourth flagship private credit vintage and position the portfolio for continued success.”

“We are delighted to have led this landmark transaction with BSP, which represents another significant step in the evolution of the credit secondaries market and highlights the diversified exposure and strength of the core middle market,” said Ed Goldstein, Partner and Chief Investment Officer of Coller Credit Secondaries at Coller Capital. “Our leadership role, combined with the quality of the portfolio and BSP’s established track record, made this a compelling opportunity for our investors.”

Jefferies LLC served as financial adviser on the transaction. Kirkland & Ellis LLP acted as legal counsel for Benefit Street Partners. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel for Coller Capital. JP Morgan and Wells Fargo provided financing for the transaction.

About Benefit Street Partners

BSP is a leading global alternative credit asset manager offering clients investment solutions across a broad range of complementary credit strategies, including direct lending, special situations, structured credit, high yield bonds, leveraged loans and commercial real estate debt. As of May 31, 2025, BSP, along with Alcentra, has more than $79 billion of assets under management globally, with 501 employees operating across North America, Europe and Asia Pacific. BSP is a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.benefitstreetpartners.com.

 

[1] Jefferies proprietary analysis of global credit secondary transaction data to date.

[2] Based on a review by Coller Capital of the websites of Adams Street Partners, AlpInvest Partners, Ardian, Goldman Sachs, HarbourVest Partners, Landmark Partners, Lexington, Partners Group, Pomona Capital and Strategic Partners in January 2025.

Mentions
Black and white formal headshot of Ed Goldstein.

Ed Goldstein

Partner, CIO of Coller Credit Secondaries
Press contact
Edelman Smithfield

coller@edelmansmithfield.com+44 (0)7980 684 247

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Works begin for the first high-rise office building in the West End in five decades

BC Partners Logo
  • Demolition works have begun on the St Giles Quarter masterplan site in the West End, clearing a vacant Travelodge, NCP car park and derelict buildings to make way for a major regeneration
  • Designed by DSDHA and brought forward by Simten and BC Partners, the scheme develops 220,000 sq ft including some prime office and retail floorspace, enough workspace to accommodate over 1,400 jobs in the heart of the West End, as well as residential accommodation
  • The masterplan is led by One Museum Street, a 19-storey office tower to be the first new high-rise office building in the West End in over 50 years
  • The scheme includes three additional blocks with retail space and 44 homes, as well as new public realm and a retail arcade linking Covent Garden and Bloomsbury.

Demolition has begun on St Giles Quarter. The site, also known as Museum Street, is a 0.53 ha freehold site within one of London’s most exciting West End districts close to Tottenham Court Road. The completed development will be known as St Giles Quarter and incorporates the One Museum Street workspace building as well as three low-rise residential blocks. The development’s name reflects the site’s position in the historic St Giles area.

Camden Council’s planning committee resolved to approve plans to redevelop the vacant site in November 2023, which currently comprises an empty Travelodge, NCP car park and derelict residential and commercial buildings. The demolition marks the implementation of the planning permission to redevelop the site, alongside the refurbishment and restoration of several buildings along West Central Street, including listed buildings.

Brought forward by developer Simten and investor BC Partners, the masterplan will deliver 220,000 sq ft (NIA) of mixed-use floorspace across four self-contained buildings. At the heart of St Giles Quarter is the One Museum Street tower, which will be the West End’s first new-build office tower in over 50 years. One Museum Street will deliver nearly 180,000 sq ft of Grade-A office and retail floorspace across 19 storeys – providing workspace for around 1,400 people.

Situated at the junction of Soho, Covent Garden, and Bloomsbury, tenants will have an array of state-of-the-art amenities and shops to visit, great transport connections such as the Elizabeth line, and spectacular 360° unobstructed views across central London, including the nearby British Museum.

The design has embedded sustainability and wellness throughout the development, fostering a positive work environment which meets the evolving needs of today’s workforce, promoting long-term satisfaction and retention. The scheme will target BREEAM ‘Outstanding’, WELL ‘Platinum’, Nabers 5* rating and Net Zero Carbon in operation. The basement of the existing Travelodge will be retained, representing a recycling of around 25% of the embodied carbon of the existing building.

In addition to One Museum Street, St Giles Quarter will feature three additional self-contained blocks located on Vine Lane (a newly created pedestrianised passage linking New Oxford Street and High Holborn), West Central Street and High Holborn, which will provide a variety of retail spaces as well as 44 new homes, including 25 affordable. The local community and visitors will also benefit from new and improved public routes around the site, including a retail pedestrianised arcade on Vine Lane connecting Covent Garden with Bloomsbury.

Laurian Douin, Partner at BC Partners, said:
“The start of works on-site represents a major step forward in delivering the St Giles Quarter masterplan. In a climate where many projects have stalled due to economic uncertainty, this milestone demonstrates our confidence in the West End’s long-term potential and our commitment to delivering future-ready, sustainable spaces. We’re proud to be shaping a place that will support over 1,400 jobs and strengthen the West End’s role as a dynamic, inclusive destination.”

Eleanor Wright, Development Associate at Simten, comments:
“We are excited to begin work on the West End’s first high-rise office building in over 50 years. The design of St Giles Quarter is a response to the evolving demands of the modern workplace and the growth of the district, where sustainability, wellbeing and urban integration are paramount. These principles have been embedded throughout the scheme, creating a building that not only delivers user-focused, high-quality workspace but also contributes meaningfully to the public realm. By introducing new public routes and a retail arcade that links Covent Garden and Bloomsbury, we’re enhancing connectivity and encouraging footfall through previously underused spaces.”

Demolition works are being undertaken by John F Hunt, with the masterplan practical completion scheduled for late 2028.

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Yodlee Launches New Era with STG Partnership, Poised to Boost Open Finance Innovation

Stg Partners

Yodlee, a pioneer in open finance and trusted technology and data ally to the world’s leading financial institutions, today announced the close of its acquisition by STG, a private equity firm recognized for scaling transformational software, data, and analytics companies. This milestone marks more than a change in ownership, it is the official launch of a new, independent Yodlee brand with a bold mission: to power the next chapter of connected financial experiences.

“Yodlee is stepping forward with a revitalized identity and an even greater ambition, to empower the financial services industry with enterprise-grade intelligence, innovation, and human-centered design,” said Farouk Ferchichi, CEO of Yodlee. “STG’s proven leadership in software, data and analytics gives us the strategic advantage to accelerate innovation and better serve our customers.”

For over 25 years, Yodlee has helped financial institutions transform financial data into intelligence and personalized experiences. Yodlee doubles down on that mission, now with a clearer, more confident voice in the market.

  • Independent and Insight-Driven: With its independence elevated through STG partnership, Yodlee gains agility and autonomy to push boundaries in embedded finance, hyper-personalization, and AI-powered decisioning.
  • Purpose-Built for Financial Leaders: The company’s human-centered, enterprise-grade platform supports many leading financial institutions, including 14 of the 20 largest U.S. Financial Institutions.

STG’s acquisition is more than a capital shift; it’s a strategic alliance with a leader known for building data-first category brands.

“Yodlee has long stood at the intersection of trust, intelligence, and innovation,” said Marc Bala, Managing Director at STG. “We’re thrilled to partner with the Yodlee team to elevate Yodlee’s market presence, accelerate growth, and capture what’s possible in open finance.”

STG brings strategic depth and operational scale, equipping Yodlee with tools to evolve faster, serve smarter, and lead more boldly.

Yodlee’s leadership remains unchanged, ensuring stability for customers while injecting fresh momentum. With STG’s support, the team will amplify its legacy of market-defining innovation, industry-proven data aggregation, and intelligent personalization.

“Our foundation remains rooted in responsibility, privacy, and innovation,” added Ferchichi. “Now, with STG’s backing, we’re prepared to turn transformation into tangible outcomes for our partners across North America and beyond.”

About Yodlee

Yodlee is the leading data aggregation and analytics platform for financial service providers and has been for more than 25 years. As a valued partner of some of the country’s largest banks and financial service firms, Yodlee helps market-defining leaders grow their business and drive customer satisfaction. To learn more, visit www.Yodlee.com

About STG

STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering with a goal to build customer-centric, market winning portfolio companies, STG seeks to create sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit http://www.stg.com/

MORE AT YODLEE.COM

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GIMV Trading update

GIMV
Corporate

Gimv had a very active start to the fiscal year, investing in both new and existing portfolio companies, evidencing its accelerated growth strategy. In spite of a still rather soft European private equity market, the specialized and pro-active deal sourcing capacity of our teams has resulted in a series of new investments and a filled pipeline.

In recent months, Gimv invested in Ambulantis (Healthcare, DE), Alpine (Consumer, NL), Hemink (Sustainable Cities, NL) and Novicare (Healthcare, NL). The successful exit of Joolz after an impressive growth trajectory was combined with a new investment in the even stronger Bugaboo/Joolz combination. Additional capital was invested to finance bolt-on acquisitions at existing portfolio companies like Fronnt, Picot, and EGruppe. Furthermore, Gimv anticipates announcing a follow-on investment in one of its largest portfolio companies soon.

In addition, Gimv, together with WorxInvest and Belfius via Infravest, recently backed the successful capital increase at TINC, supporting the ambitious growth trajectory of the listed specialized infrastructure investor. This raised Infravest’s stake in TINC above 25%, solidifying its role as a reference shareholder.

All these transactions add up to over EUR 300 million, meaning that the EUR 250 million new capital raised have been fully invested. This fiscal year, Gimv’s investments will exceed the targets presented at the Capital Markets Day in January, underscoring the company’s growth ambitions. In combination with additional value creation and without any future adverse evolutions, the Gimv portfolio will reach a record level by the end of the current fiscal year.

After an impressive growth trajectory and international expansion, Gimv successfully exited Itineris with a significant realized value.

All announced investments and exits result in a liquidity position of around EUR 400 million, underscoring Gimv’s sustained robust  financing capacity.

Gimv’s portfolio companies continue to show resilience in a volatile and challenging economic environment. They navigate these challenges with determination and strategic focus. They remain committed to their investment, innovation, and growth plans, again outpacing the overall economic growth. A largely positive EBITDA growth underscores their operational discipline and entrepreneurial spirit, providing a solid foundation for future expansion and ongoing outperformance.

The sustained growth performance of our portfolio and the realized capital gains on our exits resulted in a (non-annualized) portfolio result of EUR 76.5mio, generating a portfolio return of 4.7% for the first quarter of the current fiscal year (in line with our increased return target). This leads to a growth of the Net Asset Value (NAV) per share net of dividend to EUR 52.4 per end June 2025 (unaudited).

Koen Dejonckheere, CEO Gimv, comments: “Our portfolio companies continue to prove that bold innovation, purposeful transformation, and an ambitious focus enable them to achieve above average growth, even as they navigate challenging economic headwinds.”

A comprehensive and audited update on Gimv’s activities and portfolio will be released in the scheduled communication for the first six months of the short financial year 2025 (spanning nine months) on November 20, 2025.

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