Top private equity news of the week

Goldman Sachs Asset Management (GSAM) has introduced a new exchange-traded fund designed to replicate the performance characteristics of private equity portfolios, in partnership with MSCI, according to sources cited by Bloomberg.

The Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) began trading on Thursday, tracking an MSCI index composed of publicly listed equities structured to deliver “private equity-like returns.” The fund’s portfolio comprises approximately 1,500 global stocks, with both long and short positions, and carries an annual management fee of 0.5%.

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A banking syndicate led by Citigroup, Barclays, Bank of America, and RBC Capital Markets is providing $12.25bn in debt financing to support Blackstone and TPG’s $18.3bn acquisition of U.S. medical device and diagnostics company Hologic, Bloomberg reports.

The financing structure includes $9.5bn in first-lien term loans, $2bn in second-lien debt, and a $750m revolving credit facility, according to a regulatory filing. Citigroup will lead the dollar-denominated tranche, while Barclays and Bank of America are managing the euro tranche. RBC is overseeing the second-lien portion, with Japan’s SMBC also participating.