Ardian provides financing to support Tiger Infrastructure Partners’ investment in Orbis Protect

Ardian

Ardian, a global private investment firm, has committed to provide Private Credit financing, comprising a Unitranche and Committed Acquisition Facilities, to support Tiger Infrastructure Partners’ investment in Orbis Protect, a leading UK provider of technology enabled security solutions for critical assets and vacant property. The transaction builds on Ardian’s long standing relationship with Orbis Protect, which began in 2021. Since then, Ardian has supported the business through a period of growth and operational development and continues to partner with management as Orbis enters its next phase of expansion.

Orbis owns and operates a scaled portfolio of deployable security infrastructure, including approximately 2,500 mobile CCTV towers and more than 4,000 cameras and alarm systems, alongside perimeter fencing, barriers and other physical protection assets. These solutions are rapidly deployed to customer locations to deliver temporary and semi permanent site security under contracted arrangements across the UK.

“We are very pleased to be backing Tiger Infrastructure Partners, alongside a very strong Management team with whom we have worked for the last five years. The transaction highlights our ability to scale and support businesses through multiple growth cycles, and we look forward to being part of Orbis’ next chapter.” Stuart Hawkins, Head of Private Credit UK and Managing Director Private Credit, Ardian

« Nous nous réjouissons de poursuivre notre partenariat avec Ardian, dont la connaissance approfondie de notre activité et le soutien constant au cours de ces dernières années ont joué un rôle essentiel dans notre croissance, et continueront de le faire alors que nous entrons dans cette nouvelle phase. » Ben Howard, Chief Executive Officer, Orbis Protect

Ardian has an over 20-year track record in the Private Credit market, making it one of Europe’s longest-established players that has invested through multiple market cycles.  With offices in major financial hubs across Western Europe, the Private Credit team adopts a multi-local approach in partnering with private equity houses and management teams of high-quality companies who are targeting the next phase of business growth.  This investment in Orbis comes amidst a strong period of investment activity for Ardian’s Private Credit team.

ABOUT ARDIAN

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

Media contacts

ARDIAN

Categories: News

Tags:

Blackstone Launches SablePointe Credit Strategies to Expand Origination Capabilities Across Asset-Based Lending and Specialty Credit Markets

Blackstone

ALPHARETTA, Ga. – Blackstone Credit & Insurance (“BXCI”) today announced the launch of SablePointe Credit Strategies (“SablePointe”), a new platform supporting origination, underwriting, and portfolio management in asset-based lending. SablePointe has hired James Garlick, former co‑founder of Wingspire, as President to lead its buildout and strategic growth.

Headquartered in Alpharetta, Georgia, SablePointe will support BXCI as it sources, structures, and manages senior secured asset-based and first-out credit facilities for corporate borrowers, drawing on the longstanding sponsor and intermediary relationships of the BXCI and SablePointe teams. The platform complements BXCI’s scale, capital, and global reach with specialized industry knowledge and structuring expertise.

“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies,” said Aneek Mamik, Head of Financial Services for Asset Based Finance for BXCI. “We look forward to working with James and his team to originate high-quality opportunities across the asset-based lending markets.”

“The combination of SablePointe’s expertise and BXCI’s scale and existing corporate lending platform will be powerful for both borrowers and our investors,” added Brad Marshall, Global Head of Private Credit Strategies for BXCI.

“It is a tremendous opportunity and a privilege to partner with Blackstone in launching SablePointe,” said James Garlick, President of SablePointe. “We are in the early innings of building a foundation that will support a strategy for BXCI that we expect to grow meaningfully over time, delivering thoughtful credit solutions, disciplined execution, and exceptional service to borrowers, sponsors, and investors.”
SablePointe will initially support BXCI’s asset-based and first-out direct lending credit strategies, with plans to extend its support across additional specialty asset classes over time.
Crown Partners served as exclusive financial advisor to Blackstone in connection with the launch of SablePointe Credit Strategies.
 
About SablePointe Credit Strategies
SablePointe Credit Strategies is a Blackstone portfolio company supporting Blackstone Credit & Insurance’s origination, underwriting, and portfolio management capabilities across asset-based lending, first-out credit products, and a growing range of specialty asset classes. Additional information is available at www.sablepointecredit.com.
 
About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Contact
Thomas Clements
Thomas.clements@blackstone.com
(646) 482-6088

Categories: News

Tags:

CVC Credit continues support for Curium through its Capital Solutions strategy

CVC Capital Partners

CVC Credit is pleased to announce that it has extended its relationship with Curium, a leading provider of nuclear medicine, through the provision of debt facilities and equity to support the recent refinancing of the business. The transaction saw CVC Credit’s existing investments repaid and CVC Credit reinvest to continue to support Curium’s impressive ongoing growth story.

Headquartered in Paris, Curium specialises in the manufacturing and distribution of radiopharmaceutical products used globally in early detection of cancer, as well as heart, brain, lungs and bone diseases. The business is a global market leader and serves more than 6,000 long term customers in over 70 countries on six continents, delivering diagnostics to more than 14 million patients annually.

Having supported Curium since 2020, CVC Credit was able to use its longstanding relationship with the sponsor and business to lead this latest transaction. CVC Credit’s deep knowledge of the business was supplemented with additional knowledge provided by CVC Private Equity’s specialist Healthcare team, who know the space well. This additional insight enhanced CVC Credit’s ability to move swiftly and with conviction.

CVC Credit’s Capital Solutions strategy is uniquely positioned to provide bespoke capital solutions for large-cap, sponsor-backed European businesses. It focuses on primary junior capital or structured equity to support M&A, refinancings and/or liquidity events.

Miguel Toney, Partner in CVC Credit’s Private Credit team, said: “We are delighted to further extend our relationship with Curium and with Cap Vest which, in the six years since we first invested, continues to build out its leadership position in the growing nuclear medicine sector. Through its long-term customer relationships and experienced management team, Curium remains very well-placed to continue along its impressive growth trajectory.”

Quotes

Our Capital Solutions strategy, with the support of CVC’s integrated network, is very well-positioned to originate attractive investment opportunities in high quality businesses

Andrew DaviesHead of CVC Credit

Andrew Davies, Head of CVC Credit, added: “We find ourselves in an increasingly complex investment environment where our Capital Solutions strategy, with the support of CVC’s integrated network, is very well-positioned to originate attractive investment opportunities in high quality businesses, which require bespoke financing solutions to fund their ongoing strategic initiatives.”

CVC Credit Capital Solutions is very well placed to support sponsors’ and business requirements in an increasing complex market. Other businesses recently supported by CVC Credit Capital Solutions include: American Heart of PolandNovus Foods and SYNLAB AG.

Categories: News

Tags:

Ardian provides financing to support IK Partners’ investment in Rhétorès Group, a leading independent financial advisor in France

Ardian

Ardian, a global private investment firm, today announces that it has arranged a unitranche facility to support the LBO acquisition of Rhétorès Group (“Rhétorès” or “the Group”) by IK Partners (“IK”), alongside the founders, the management team and Activa, all of whom have significantly reinvested as part of the transaction. The financing package also includes a sizeable committed line to support the Group’s active acquisition strategy.

Rhétorès is a fast-growing French independent financial advisor. Founded in 2010 by Stéphane Rudzinski and Grégory Soudjoukdjian, the Group provides a comprehensive range of financial savings and investment products, including life-insurance wrappers and access to premium asset classes including private equity, real estate and structured products.

Rhétorès focuses on high-net-worth individuals and serves a diversified client base of more than 6,200, representing over €2.7bn in assets under management as of the end of 2025.

Since inception, Rhétorès has achieved strong organic growth and, following Activa’s investment in 2022, it has accelerated its inorganic growth strategy with 20 add-on acquisitions completed to date. Notably, the Group’s acquisition of Dauphine AM in 2023 enabled complementary asset management activity and provided access to an internal distribution platform for high value-added financial products.

“We are delighted to partner with IK as our new majority shareholder and Ardian as our financing partner. Their proven investment experience in the wealth management space will enable us to accelerate our development. We are eager to enter this next phase of growth through further organic development and buy-and-build activity to drive consolidation and diversify our offering.” Stéphane Rudzinski & Grégory Soudjoukdjian, co-founders of rhétorès Group

“The French financial savings market is both large and resilient, supported by strong underlying trends and a favourable regulatory environment. Under Stéphane and Grégory’s leadership, Rhétorès has achieved remarkable success and earned a strong reputation within the French IFA landscape. We look forward to working closely with the team to support their ambitious growth strategy, including further consolidation and diversification of their service offering.” Rémi Buttiaux & Diki Korniloff, Partners, IK Partners

“We are delighted to be able to leverage our deep sector expertise to support Rhétorès, IK Partners and Activa as they embark on this pivotal chapter of growth. The Group has built an exceptional track record to date. We are confident that this partnership will help drive long term value creation and continued expansion.” Gregory Pernot, Co-Head Private Credit France, Ardian

With over two decades of experience, the Private Credit activity at Ardian is among Europe’s most established players, applying a multi local approach to partner with private equity sponsors and management teams in advancing the growth of high quality companies. This transaction adds to Private Credit’s track record of successful investments and reflects a period of strong investment activity for the team.

List of participants

  • Ardian

    • Ardian Private Credit: Grégory Pernot, Gabrielle Philip, Alexis Bernet, Capucine Boulingre
    • Legal Advisor (Financing): Simpson Thacher & Bartlett (Hadrien Servais, Sophie Rezki, Kacper Sztejter, Eline Souffriau)
  • Rhétorès

    • Rhétorès: Stéphane Rudzinski, Grégory Soudjoukdjian
    • Financial Advisor: NewCo Corporate Finance (Alexandre Gebelin, Thibauld Hamaide)
  • IK Partners

    • IK Partners: Rémi Buttiaux, Diki Korniloff
    • Legal Advisor (financing): Weil (Geraldine Lezmi, Constance Frayssineau, Thomas Bouton, Nicolas Krieger)
  • Activa

    • Activa: Christophe Parier, Alexandre Masson, Frédéric Singer, Camille Emin, César Chaperon

ABOUT ARDIAN

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

Ardian. Mastering change for lasting value.

Media contacts

ARDIAN

Categories: News

Tags:

Bain Capital Credit Announces $8 Billion of Financing Investments for 2025

BainCapital

BOSTON – April 8, 2026 – Bain Capital Credit, LP, a leading global credit specialist, today announced that the firm’s Private Credit Group invested $8 billion to support the growth of middle market and private equity-backed companies in 2025.

Bain Capital Credit’s Private Credit Group made 81 investments in 2025, supporting the refinancing, leveraged buyout, and add-on acquisition activity of both new and existing portfolio companies. With over 25 years of middle market private debt experience, the Private Credit Group has invested over $30 billion across 581 portfolio companies since inception.

Additional 2025 highlights include:

•    Closed over $6 billion of new capital for investments
•    Investments across 83 companies, including 55 new platforms
•    New investments spanned senior secured debt, unsecured debt and preferred and common equity, given our flexible capital solutions
•    Served as majority lender on approximately 72% of new commitments, with a weighted average portfolio company EBITDA of $53 million
•    Strong credit performance across our diversified portfolio of more than 240 middle market businesses

“We believe today’s market environment offers compelling tailwinds and opportunities for experienced, flexible capital partners given increased demand from middle market companies and private equity sponsors for more complex and bespoke borrowing needs,” said Michael Ewald, a Partner and Global Head of the Private Credit Group.  “Against this backdrop, our Private Credit Group continues to curate a strong pipeline of attractive lending opportunities, particularly in more specialized industries.  Our platform’s scale, experience navigating various credit cycles, longevity in the core middle market, and ability to provide reliable capital across geographies positions us well to continue successfully executing our longstanding senior direct lending and junior capital strategies.”

Bain Capital Credit’s dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. The Private Credit Group, which manages approximately $21 billion of capital, has a dedicated global team that supports Bain Capital Credit to diligence the most complex situations and provide flexible private capital solutions to middle market businesses.

Important Disclosures
All data is as of December 31, 2025, unless otherwise stated. Represents Bain Capital Credit’s views at this time and are subject to change. Past performance is not indicative of future results. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past. Actual results may vary

Assets under management (AUM) data estimated as of December 31, 2025. AUM for Bain Capital Credit includes vehicles advised and sub-advised by Bain Capital Credit, LP, except for vehicles managed by the Bain Capital Special Situations team, but for which Bain Capital Credit LP is the named adviser.

This release was issued by Bain Capital Credit, LP, an affiliate of Bain Capital, LP.

About Bain Capital Credit, LP
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $61 billion in assets under management, investing across the credit spectrum with a team of more than 100 investment professionals.  Bain Capital’s Private Credit Group focuses on providing complete financing solutions to middle market companies across North America, Europe, and Asia Pacific. With more than 25 years of private credit experience, the group partners closely with private equity sponsors and management teams to support leveraged buyouts, refinancings, and growth initiatives, leveraging Bain Capital’s global platform and deep expertise to underwrite complex situations and support long-term value creation.

Categories: News

Tags:

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

Categories: News

Tags:

Carlyle provides a structured capital solution to Peloton Computer Enterprises to support growth

Carlyle

New York, NY and Calgary, AB — 23 February 2026 — Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has provided a structured capital solution to Peloton Computer Enterprises Ltd. (“Peloton” or the “Company”), a leading provider of integrated energy data management software, to support ongoing investment in the Company’s platform and long-term growth strategy.

Founded in 1991, Peloton is a leading vertical software provider, delivering integrated solutions that support energy companies’ core proprietary data and workflows across the well, production, and land lifecycles. The Company serves as a system of record for its deeply embedded customers, built on trusted performance and extensive vertical expertise focused on the oil and gas industry. As a category leader in a highly specialized market, Peloton is well positioned to support customers’ evolving data and analytics needs, with AI representing a key forward growth driver in enhancing operational insight and decision-making.

This investment provides Peloton with long-term, flexible capital to support continued investment in the Company’s platform and analytics capabilities, while enabling the management team to accelerate strategic initiatives, including M&A, and support the business’s next phase of growth.

In connection with this transaction, Silver Lake, TriWest, and HarbourVest, who made a strategic investment in Peloton in 2017, will be exiting shareholders, and Glen Gray, co-founder and Chief Executive Officer of Peloton, will continue to lead the Company during this next phase of growth.

Glen Gray said: “We are excited to partner with Carlyle as we continue to execute on our long-term growth strategy. Carlyle’s capital, deep sector expertise, and integrated global platform will enable us to further invest in product innovation, expand our international footprint, and evaluate strategic opportunities that enhance our platform and better serve our loyal customer base.”

Andreas Boye, Partner and Head of Carlyle Credit Opportunities in North America, said: “Peloton is a high-quality vertical software leader with a long history of supporting the oil and gas industry’s most critical operational needs. Drawing on Carlyle’s long-standing global technology and energy franchises, and deep sector insights across software, we were able to structure a capital solution tailored to Peloton’s business and growth objectives. We look forward to partnering with Peloton’s management team to drive its next phase of growth.”

Arjun Shah, a Managing Director on Carlyle’s Technology team, said: “Peloton is a true vertical industry leader, providing a mission-critical offering for its deeply embedded customer base. The Company’s deep domain specialization positions the business exceptionally well for continued growth. This growth-driven investment reflects a truly collaborative effort across Carlyle’s global platform, and we look forward to further leveraging our scale and capabilities to help deliver long-term growth for the business.”

As part of the transaction, Andreas Boye and Arjun Shah will join Peloton’s Board of Directors.

Evercore served as financial advisor and Burnet Duckworth & Palmer and Davis, Polk & Wardwell served as legal advisors to Peloton. Latham & Watkins served as legal advisor to Carlyle.

About Carlyle

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

About Peloton 

Peloton is a leading global provider of innovative technology solutions for the energy industry, offering solutions to optimize operations and enhance productivity. With a focus on security, mobility, integration, automation, and real-time monitoring, Peloton powers energy clients to thrive in an ever-evolving landscape. Further information can be found at www.peloton.com.

Media Contacts 

Carlyle:

Charlie Bristow

Tel: +44 (0) 7384 513568

Email: charlie.bristow@carlyle.com

 

Categories: News

Tags:

M&G and CVC agree landmark $1.1 billion private equity transaction

CVC Capital Partners

M&G Investments (M&G) today announces the expansion of its private equity platform with the completion of a landmark $1.1 billion managed fund secondary transaction in a new strategic partnership with CVC Secondary Partners (CVC), deepening the relationship with one of the world’s leading private markets managers.

Under the terms of the partnership, funds advised by CVC have committed $1.1 billion to M&G’s 2025 PE Secondary Fund to acquire a portfolio of private equity interests – primarily in mature North American mid-market buyout funds – and to make future co-investments alongside these managers. M&G will maintain the management of the portfolios and the direct relationships with the underlying managers.

Building on M&G and CVC’s history of collaboration, the transaction delivers immediate exposure to a diversified portfolio of high-quality US private equity funds and access to M&G’s established network of leading General Partners. The partnership provides a strong platform for allocating capital to compelling opportunities through innovative structures, whilst also expanding M&G’s private assets platform for the next phase of growth.

Emmanuel Deblanc, Chief Investment Officer, Private Markets at M&G, said: “Having worked with CVC for more than two decades supporting the growth of private companies globally, this new mandate builds on a relationship rooted in investment excellence, aligned philosophies and a shared commitment to disciplined portfolio construction. By partnering with CVC on this transaction, we are combining our joint sourcing capabilities, scale and expertise in secondary investing, which broadens what we can deliver for clients, supports the continued growth of our private equity business and reinforces our commitment to backing strong businesses with long-term capital.”

Louise Boothby, a Managing Partner at CVC Secondary Partners, said: “We are pleased to be partnering with M&G again in this landmark transaction. This represents an exciting expansion of our long-standing relationship with M&G and importantly provides our investors with exposure to a seasoned and diversified portfolio, managed by some of the highest quality private equity managers.”

Francesca Paveri Fontana, Senior Managing Director at Evercore, said: “This transaction showcases the innovative nature of the secondary market by not only providing a strong liquidity solution for existing assets, but also expanding the primary deployment capabilities of both firms involved. We are delighted to have partnered with M&G on their successful transaction and congratulate the M&G and CVC teams on reaching this important milestone.”

The transaction completed on 31 December 2025

Categories: News

Tags:

Eldridge and Carlyle AlpInvest Partner to Launch the Eldridge Diversified Credit Platform and the Closing of its First Fund, EDCF I

Carlyle

New York, NY — January 22, 2026 – Eldridge and Carlyle AlpInvest today announced the successful closing of Eldridge Diversified Credit Fund I (“EDCF I” or the “Fund”), the inaugural fund in Eldridge’s diversified credit platform. As part of the transaction, Carlyle AlpInvest, who served as a limited partner in this transaction, and its co-investors made an equity commitment to Eldridge managed vehicles which, when combined with debt financing from BNP Paribas, is expected to provide up to approximately $1.5 billion in investable capital.

EDCF I was established through a credit secondary solution anchored by the purchase of a diversified portfolio of loans and leases from Eldridge and its affiliates. The Fund’s capital base includes commitments from leading institutional investors globally.

“Our goal is to meet the evolving needs of institutional borrowers while generating attractive returns through a differentiated, multi-strategy credit platform,” said Nicholas Sandler, Co-President and Co-Head of Diversified Credit at Eldridge Capital Management. “The Fund reflects our disciplined origination and structuring, designed with flexibility to support borrowers up and down the capital structure. We are grateful for the trust placed in us by our investors and look forward to continuing to execute on our strategies.”

“We are pleased to partner with Eldridge on its first diversified credit fund and support this next phase of growth,” said Mike Hacker, Partner at Carlyle AlpInvest. “Eldridge’s highly compelling diversified credit platform combines its corporate credit capabilities with its leading asset-based equipment origination franchise, creating a broader and more flexible toolkit for navigating the market. We look forward to continuing our partnership across future initiatives.”

“EDCF I is built around a diversified, high-quality private credit portfolio that highlights Eldridge’s differentiated origination and underwriting capabilities,” said Justin Karp, Managing Director at Carlyle AlpInvest. “By structuring a tailored managed fund solution, we were able to support the evolution of Eldridge’s captive platform while preserving its core strategy and differentiation.”

BNP Paribas arranged and led a senior credit facility to support EDCF I.

PJT Partners served as lead financial adviser and Jefferies served as co-lead. Kirkland & Ellis LLP acted as legal counsel to Eldridge. Ropes & Gray LLP acted as legal counsel to Carlyle AlpInvest.

About Eldridge

Eldridge is an asset management and insurance holding company with over $70 billion in assets under management, consisting of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies: diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit www.eldridge.com.

About Carlyle AlpInvest

Carlyle AlpInvest is a leading global private equity investor with $102 billion of assets under management and more than 700 investors as of September 30, 2025. It has invested with over 370 private equity and credit managers and committed over $111 billion across primary commitments to private equity and credit funds, secondary transactions, portfolio financings, and co-investments. Carlyle AlpInvest employs more than 290 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carlylealpinvest.com.

Media Contacts

Eldridge

eldridgePR@prosek.com

Carlyle

Kristen Ashton

Kristen.ashton@carlyle.com

Categories: News

Tags:

KKR Completes US$2.5 Billion Asia Private Credit Fundraise

KKR

HONG KONG–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the completion of a US$2.5 billion fundraise focused on committing capital to privately originated performing credit investments in Asia Pacific. The fundraise includes US$1.8 billion in KKR Asia Credit Opportunities Fund II (“ACOF II” or the “Fund”) and US$700 million raised from separately managed accounts focused on the same types of investment opportunities.

At close, the Fund is the largest pan-regional performing private credit fund in Asia Pacific. This closely follows KKR’s inaugural Asia Pacific-dedicated private credit fund, KKR Asia Credit Opportunities Fund, which closed at US$1.1 billion in 2022 as the largest inaugural pan-regional fund focused on performing credit. KKR’s Asia Credit platform has signed 10 investments through ACOF II representing US$1.9 billion in KKR commitments, including other pools of capital, and a total transaction volume of US$4.6 billion.

Diane Raposio, Partner and Head of Asia Credit & Markets at KKR, said “Asia is a key pillar of KKR’s global credit strategy. The close of ACOF II demonstrates the breadth and scale we have built across our Asia credit platform, spanning both private and liquid markets. We are seeing growing investor demand for allocation to credit in the region. Our pan-Asia approach and ability to leverage the broader KKR Asia platform uniquely positions us to continue sourcing and executing interesting opportunities across the region for our investors.”

KKR’s Asia Credit platform seeks to provide bespoke private credit solutions to companies and sponsors which harness the strength of KKR’s investment capabilities and its expertise as one of the largest credit managers globally. The Asia Credit team leverages KKR’s local and global resources to source, diligence, and execute investment opportunities to provide borrowers with customized financing and value creation potential while ensuring lender capital protections. Like its predecessor, ACOF II will pursue investments in performing privately originated credit and target opportunities across three primary investing themes, including senior and unitranche direct lending, capital solutions, and collateral-backed investments.

SJ Lim, Managing Director and Head of Asia Private Credit at KKR, said “Private credit remains a relatively nascent yet compelling opportunity across the region. We see strong demand for private credit as an important tool for sponsors or corporates seeking flexible financing solutions and bespoke, partnership-oriented capital to support growth and meet their diverse needs. Our performing credit strategy is based on the same long term structural themes such as rising consumption, urbanization and digitalization that have underpinned the growth of private markets in Asia.”

The Fund received strong support from a diverse group of new and existing investors, including insurance companies, public and corporate pension funds, sovereign wealth funds, family offices, banks, corporates, and asset managers.

In Asia Pacific, KKR has closed over 60 investments through its Asia Credit strategy since 2019, accounting for approximately US$8.3 billion invested by KKR and total transaction value of US$27.5 billion. This has included providing acquisition financing and bespoke capital solutions for companies and financial sponsors in the healthcare, education, real estate, logistics, and infrastructure sectors. KKR targets credit investments in Australia, Greater China, India, Japan, Korea, New Zealand, and Southeast Asia.

Over the past two decades KKR has built one of the largest credit investment platforms globally with the ability to invest across the capital structure and liquidity spectrum. These capabilities are paired with KKR’s approach to proprietary sourcing, capital preservation, and active portfolio management to seek out long-term capital appreciation and attractive risk-adjusted returns. Today, KKR manages approximately US$282 billion of credit assets globally, including approximately US$143 billion in leveraged credit, approximately US$131 billion in private credit, and approximately US$8 billion in strategic investments, as of September 30, 2025. KKR has a team of approximately 250 credit investment professionals across 12 offices globally.

About KKR

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

Media Contact
Wei Jun Ong
Media@kkr.com

Source: KKR

 

Download PDF

Categories: News

Tags: