This Week’s Biggest News in the Private Equity Markets – Week 19

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.

1. BlackRock Launches Pension Scheme Private Debt Fund at First Close of $940m

BlackRock launches Private Debt Fund for Pension Schemes at $940m, designed for UK pension schemes to global private debt market exposures via a single strategy.

The BlackRock Diversified Private Debt Fund is set to provide investors with a yield premium relative to liquid credit markets

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2. Ares Management’s Assets Soar Past $200bn

 Ares Management joined the $200bn club after the strongest fundraising year in its history, led by the largest European direct-lending fund ever raised.

The LA-based firm’s assets under management stood at $207.2bn at the end of the first quarter, an increase of 39% from the same period a year ago.

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3. Private equity is targeting sports. Now fans and players are pushing back.

The news that Silver Lake is looking to buy 12.5% of the revenue generated by the New Zealand rugby team, has sparked a fierce debate in the country.

PE firms, which buy and restructure businesses in hopes of turning a profit, stand at the vanguard of sports investing. But in some cases, they’re investing over the objections of fans.

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