New York, NY – December 16^th, 2024 – Warburg Pincus, the pioneer of private equity global growth investing, today announced the first close of its first multi-asset continuation fund transaction, with over $2.2 billion in commitments. The transaction was co-led and fully capitalized by HarbourVest Partners, Ardian and Canada Pension Plan Investment Board (CPP Investments).  The lead investors underwrote the entirety of the raise with no required syndication. The fund includes Warburg Pincus portfolio companies that are diversified across geographies and industry sectors.

This strategic transaction offered the Limited Partners optionality, either locking in strong returns and eliminating future market and business risk through this sale, or rolling into the Continuation Fund to maintain asset exposure and potential future upside.  Additionally, the transaction provides the portfolio companies with incremental time and capital to pursue additional valuation creation initiatives under the continued stewardship of Warburg Pincus and with ongoing relationship consistency for management teams.

“Our focus is on driving value and realizing attractive returns for our investors through active portfolio and risk management, including developing creative and flexible paths to liquidity. It is this mindset and approach that has allowed us to be a net provider of capital back to our investors in nine of the last ten years, a fact we are incredibly proud of,” said Jeffrey Perlman, CEO, Warburg Pincus. “We are also proud of the success each of these companies have achieved to-date and strongly believe that this transaction will provide the portfolio with greater resources, time and flexibility to execute on its next phase of growth.”

“This transaction provides our investors with an option to take accelerated liquidity at a market-driven price, while allowing the portfolio companies the opportunity to continue to pursue their long-term growth plans, a win-win for all involved,” added Eddie Huang, Managing Director, Global Head of Fundraising and Investor Relations, Warburg Pincus. “We look forward to partnering with HarbourVest Partners, Ardian and CPP Investments on this new fund and working with our portfolio companies on their next phase of growth.”

Kirkland & Ellis served as legal counsel and Evercore served as financial advisor to Warburg Pincus.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Kerrie Cohen | Managing Director, Global Head of Communications & Marketing

kerrie.cohen@warburgpincus.com

NEW YORK, NY – Global investment firm Carlyle (NASDAQ: CG) announced today the final close of its third Carlyle Credit Opportunities Fund (“CCOF III”), with $7.1billion[1] in investable capital, Carlyle’s largest credit fundraise to date. This includes $5.7 billion in commitments from a variety of large, sophisticated global institutions, including new and existing CCOF investors, and available leverage. CCOF III is nearly 30% larger than its predecessor fund and brings total investable capital across the opportunistic credit strategy to approximately $17 billion1.

To date, CCOF III has invested or committed more than $2.4 billion – or 33% of investible capital – in 25 investments across North America, Europe, and Asia Pacific. The team provides borrowers highly structured and privately negotiated solutions across the capital structure to family, founder, and management-owned companies, sponsor-backed companies, and special situations.

“We appreciate the ongoing support of our investors, many of whom were repeat investors from our previous funds. With the global economy in a period of prolonged transformation, our Credit Opportunities strategy is well-positioned to expand our reach and provide timely, strategic capital to companies navigating complex situations,” said Alex Popov, Head of Private Credit at Carlyle. “We have become a trusted partner to many successful family and entrepreneur owned businesses and have been a contributing factor in their on-going success. Our long-standing sourcing relationships and rigorous approach to due diligence and credit selection help enable us to selectively structure bespoke solutions that can generate attractive risk-adjusted returns in strong businesses that are otherwise not for sale.”

“This fundraise is a milestone for our Global Credit platform and a testament to the caliber of our Opportunistic Credit team,” said Mark Jenkins, Head of Global Credit at Carlyle. “Private credit continues to play a vital role in the global capital markets, and we see tremendous opportunity to put capital to work in this asset class. We appreciate the confidence and support of our limited partners and remain focused on delivering consistent and persistent yields on their behalf.”

Since 2017, Carlyle’s Credit Opportunities strategy has deployed nearly $22 billion, leveraging Carlyle’s areas of expertise and market connectivity to develop thematic views and proactively pursue investments in targeted industry verticals including sports, media and entertainment; residential real estate and services; software and technology; and financial and business services.

This successful fundraise will further support the growth of Carlyle’s Global Credit platform, which has been Carlyle’s fastest-growing business segment over the past five years. With $194 billion in assets under management as of September 30, 2024, Carlyle’s Global Credit platform manages assets across the risk return spectrum: from liquid, to private credit, to real asset strategies, and asset-backed finance.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $447 billion of assets under management as of September 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contact

Kristen Ashton

(212) 813-4763

Kristen.ashton@carlyle.com

[1]Represents equity raised plus fund leverage of opportunistic credit fee-paying commingled funds and SMAs.

Creates one of the largest global special situations investment pools with $9 billion of investable capital

Continues growth of global strategy that delivers flexible capital solutions to meet the needs of companies, entrepreneurs, and asset owners

BOSTON – November 18, 2024 – Bain Capital today announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, inclusive of co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds. The successful fundraise positions Bain Capital as one of the largest special situations investors in the world.

Bain Capital’s Special Situations strategy combines bespoke capital solutions with strategic partnership to meet the diverse needs of companies, entrepreneurs, and asset owners across all market cycles. The team brings together credit and equity expertise, as well as corporate and real asset capabilities, to provide solutions that cannot be met by traditional providers. With more than $20 billion total assets under management, the strategy brings a differentiated ability to provide both capital as well as operating value-add.

On a global scale, Special Situations pursues both structural and cyclical opportunities across three primary investment strategies:

• Capital Solutions: Investing and partnering with companies around the world to fund growth and M&A, provide liquidity, or optimize a company’s capital structure.
• Hard Assets: Supporting asset owners and operators across the capital stack to structure tailored investments and build platforms that address market inefficiencies.
• Opportunistic Distressed: Investing in complex and often misunderstood assets in dislocated market environments.

“Structural shifts are creating significant opportunities for creative capital providers who can fill the gaps between traditional strategies and provide enhanced value for companies, entrepreneurs, and asset owners,” said Barnaby Lyons, Partner and Global Head of Special Situations. “These catalysts demand innovative and adaptable investment solutions, backed by a global team with deep industry insights and robust strategic support. We’ve built one of the largest and most global special situations teams with over 140 investment professionals across four continents, and we see a substantial opportunity to further expand our global strategy and capabilities.”

While leveraging Bain Capital’s 40-year legacy of differentiated value creation, the Special Situations team brings significant operational capabilities to each transaction. Its portfolio group of more than 40 professionals offer dedicated operating and functional expertise from their experience in corporate leadership roles.

Recent investments from the firm’s Special Situations strategy include AQ Compute, a European provider of green, flexible, and modular data center and colocation services powered by renewable energy; Tyger Capital, a lender seeking to empower entrepreneurs, borrowers, and homeowners in India; MRO Holdings Inc., a leading provider of aircraft maintenance solutions for the global commercial airline industry; and Sikich, a leading professional services firm specializing in accounting, tax, and IT services in North America.

###

About Bain Capital

Bain Capital, LP is one of the world’s leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate, life sciences, insurance, and other strategic areas of focus. The firm has offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com.

Media Contacts:

Scott Lessne / Charlyn Lusk

Stanton

(646) 502-3569 / (646) 502-3549

slessne@stantonprm.com / clusk@stantonprm.com

THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 6:00 PM CET ON 17 NOVEMBER 2024.

About

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​246 billion in total assets under management (EUR ‌​​‌134 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

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

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

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

Extension Further Strengthens Apollo’s Capital Solutions Business and Origination Capabilities Across Asset Classes, While Enabling Mubadala to Access a Range of Compelling Investment Opportunities

NEW YORK and ABU DHABI, United Arab Emirates, Nov. 11, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Mubadala Investment Company (“Mubadala”) today announced an extension of their multi-billion-dollar partnership focused on global origination opportunities. The multiple year extension of this partnership, which was first established in 2022, further strengthens Apollo’s Capital Solutions business and ability to originate investment opportunities of scale across asset classes to help meet the growing demand for bespoke private debt and equity financing solutions globally.

Co-President of Apollo Asset Management Jim Zelter said, “We are pleased to extend our partnership with Mubadala, which builds on our strong relationship and several strategic initiatives that we have collaborated on over the past several years. Further enhancing our ability to originate investment opportunities that offer strong risk-adjusted returns is our top priority amid unprecedented demand for large-scale, customized capital solutions, and we believe the platform that the firm has created is particularly well positioned as a financing provider of choice to leading companies.”

Omar Eraiqat, Deputy CEO of the Diversified Investments platform at Mubadala, added, “We share an aligned investment philosophy with Apollo and are pleased to extend our longstanding and strategic partnership with them, which provides us access to Apollo’s differentiated origination ecosystem. We continue to observe a secular shift in corporate financing toward private market execution and believe that this platform will continue to provide a scaled supply of attractive investment opportunities.”

At the firm’s Investor Day in October, Apollo announced a new target of reaching $275 billion of annual origination volumes in the next five years. The firm believes it is uniquely positioned to address the financing needs of large, high quality corporate borrowers while serving as a key capital provider supporting areas including the clean energy transition, power & utilities and digital infrastructure.

Eric Needleman, Partner and Head of Apollo Capital Solutions, said, “Mubadala is among the most sophisticated alternative investors globally, and their continued support of our origination and Capital Solutions business positions us to capitalize on a growing global opportunity set as corporate borrowers increasingly recognize the value of private financing solutions.”

“Mubadala and Apollo have a long-standing and mutually beneficial strategic relationship. Within the credit sector, our partnership commenced more than nine years ago in direct lending,” said Fabrizio Bocciardi, Head of Credit Investments at Mubadala. “This partnership has expanded over time across other private debt asset classes driven by Apollo’s innovative capital solutions and our partnership-oriented approach.”

The partnership extension builds on several recent strategic collaborations between Apollo and Mubadala. The firms formed a $2.5 billion joint venture to co-invest in global private credit opportunities, and Mubadala supported Apollo’s launch of a new middle market lending vehicle, Middle Market Apollo Institutional Private Lending, earlier this year. Apollo also invested in Mubadala’s evergreen solutions strategy as part of the launch of its Mubadala Capital Solutions unit in 2023, and Mubadala anchored the formation of Apollo Strategic Origination Partners in 2020.

Apollo Forward-Looking Statements

This press release contains 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 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”, “seek,” “aim,” “continue,” “will,” “should,” “could,” or “may,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including those described under the section entitled “Risk Factors” in Apollo Global Management, Inc.’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and the quarterly report on Form 10-Q filed with the SEC on August 8, 2024, as such factors may be updated from time to time in its 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 Apollo’s other filings with the SEC. Apollo undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

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 September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

About Mubadala Investment Company

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.

Mubadala’s $302 billion (AED 1,111 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.

For more information about Mubadala Investment Company, please visit: www.mubadala.com

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 Mubadala Investment Company:
Salam Kitmitto
Head of Communications – Diversified Investments
Mubadala Investment Company
+971 50 276 9286
sakitmitto@mubadala.ae

The $1 Billion CFO exceeded its initial target of $800M due to strong investor demand, making it the largest publicly rated GP-Led CFO in the market to date

The offering follows AlpInvest’s inaugural securitization offering in 2023

New York, NY, October 29, 2024 – AlpInvest, an integrated market-leading private equity platform and subsidiary of Carlyle (NASDAQ: CG), today announced the closing of a Collateralized Fund Obligation (“AlpInvest CFO” or “CFO”), its second securitization. The $1 billion CFO represents the largest publicly rated GP-Led CFO in the market to date, and will comprise exposure to four AlpInvest-managed funds across its flagship Private Equity Secondaries, Portfolio Finance, and Co-Investment strategies, along with two private equity secondary transactions recently completed by AlpInvest involving diversified portfolios of LP interests.

For over 20 years, AlpInvest has been building private equity portfolios on a global scale by leveraging decades of experience and Carlyle’s vast network. The platform now has $80+ billion in assets under management and serves over 500 LPs.

The underlying portfolio for the AlpInvest CFO was specifically designed to offer investors highly diversified exposure to private equity and credit assets across geographic regions, vintage year, and AlpInvest fund strategies.

“We are pleased to have closed our collateralized fund obligation offering and proud of the strong backing we received from both new and existing investors across the Carlyle and AlpInvest platforms, including insurance companies, other larger institutional investors, and family offices.” said Michael Hacker, Managing Director and Global Head of Portfolio Finance at AlpInvest.  “This securitization presents a differentiated opportunity for investors given the diversification characteristics of the underlying portfolio, and innovative structure, which reflect the structing expertise we have built across our Secondaries and Portfolio Finance platforms.  We are excited to continue our heritage of delivering customized products to our investors, which are tailored made to meet their objectives.”

Evercore served as the Sole Structuring Advisor and Bookrunner of the offering and Ropes & Gray LLP served as legal advisor to AlpInvest.

About AlpInvest

AlpInvest, a subsidiary of Carlyle (NASDAQ: CG), is a leading global private equity investor with $80+ billion of assets under management and more than 500 investors as of June 30, 2024. It has invested with over 360 private equity managers and committed approximately $100 billion across primary commitments to private equity funds, secondary and portfolio finance transactions and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlyle.com.

Media Contacts 

Brittany Berliner

+1 (212) 813-4839

Brittany.Berliner@carlyle.com

OR

Isabelle Jeffrey

+1 (212) 332-6394

Isabelle.Jeffrey@carlyle.com

Commitments bring total new capital for direct lending franchise to over $13B in just over 12 months

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets¹. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just over 12 months, inclusive of the Fund II close and other product formats providing access to Apollo’s direct lending franchise. Apollo’s total direct lending and performing credit AUM has doubled to $238 billion over the past four years.

AOP II is designed to capitalize on growing demand for corporate and sponsor-backed large-cap lending. Under the strategy, Apollo aims to invest in senior corporate debt of issuers located predominantly in the United States and Western Europe that generate over $100 million of annual EBITDA.

“AOP II seeks to provide investors with a differentiated approach to corporate and sponsor direct lending. The convergence of public and private credit markets continues to create tremendous demand for scaled direct lending solutions led by a single counterparty who can offer price and execution certainty to borrowers,” said Apollo Credit Partner Jim Vanek.

“We believe that Apollo’s decades-long history and expertise investing in corporate credit, as well as the incumbency and broad reach of our Credit platform, make us uniquely situated to lead in this growing market,” said Deputy CIO of Credit John Zito. “Platforms with scaled and diversified sources of capital are well positioned to meet the increasing needs of large companies.”

Apollo’s Credit business has more than $500 billion of AUM, supported by highly diversified, stable inflows across institutional fundraising, Global Wealth, and Retirement Services.

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of Fund II.

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, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

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

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

¹Inclusive of equity commitments and anticipated leverage