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Partners Group has launched a global multi-sector private credit income strategy targeting high single-digit to low double-digit returns, responding to growing investor demand for diversified income-generating investments.

Aphias Capital has closed its inaugural private equity fund with more than $1.05bn in capital commitments, exceeding its hard cap as institutional investors backed the San Francisco-based firm’s strategy targeting healthcare and essential services businesses.

Private credit borrowers that took on debt during the low-interest-rate environment of 2021 and 2022 face increasing refinancing risks as their loans approach maturity, with investors warning that defaults across the asset class remain elevated, according to a report by Bloomberg.

TOP STORY: Apollo Global Management’s proposed £5.7bn acquisition of EasyJet remains on course to complete in early 2027, according a report by Bloomberg citing comments from the airline’s chief executive, Kenton Jarvis, although regulatory approval is still outstanding.

Private credit managers are considering selling publicly traded business development companies (BDCs), creating potential acquisition opportunities for rivals seeking to expand their AUM as the $1.8tn market faces mounting pressure, according to a report by Bloomberg.

Carlyle Group’s agreement to acquire most of Russian oil producer Lukoil’s international assets has expired, with the US private equity firm confirming it is no longer actively pursuing the transaction, according to a report by Bloomberg.

Skits and parodies making fun of the trillion-dollar industry have taken over social media, racking up millions of viewsJohnny Hilbrant Partridge kept getting stuck next to the same kind of finance guy at weddings – the one bragging about his family’s full-time nanny and lavish vacations while name-dropping elite club memberships and private schools.To Partridge, a former fitness instructor, their shameless knack for self-promotion felt ripe for comedy. Using a filter that puts an exaggerated sneer on his face, Partridge donned a puffer vest and created “The PE Guy”, a caricature of the men who work in the private equity industry. Continue reading...

Firmus said it had made the decision due to "recent market volatility and prevailing market conditions".

Bumper fees paid in the year’s mergers and acquisitions spark anger over high City pay during cost of living crisisLondon’s investment bankers and lawyers have made more than £1bn from a frenzy of takeover deals this year, sparking anger over high City pay during the cost of living crisis.The value of mergers and acquisitions of UK stock market listed companies has surged 175% in 2026 to $132.9bn (£100bn), according to the London Stock Exchange, as overseas buyers snap up British companies at record pace. Continue reading...