Audax Raises $3bn for Second Direct-Lending Fund

Audax Raises $3bn for Second Direct-Lending Fund

Audax Group’s private debt arm has reached the fundraising limit for its latest direct-lending vehicle, collecting $3bn to finance private-equity buyouts of middle-market companies. The firm exceeded its $2.25bn fundraising target for the vehicle, Audax Direct Lending...
Arcano closes €450m secondaries fund

Arcano closes €450m secondaries fund

Spain’s Arcano has closed a secondaries fund on €450m, exceeding its €300m target. The vehicle received commitments from institutional and private banking investors across Europe and Latin America. The fund is the fourth specifically dedicated to completing...
KKR blocks REIT withdrawals in latest redemption wave

KKR blocks REIT withdrawals in latest redemption wave

Private equity firm KKR & Co Inc has blocked investors from cashing out of its $1.6 billion non-traded real estate income trust (REIT) after withdrawal requests exceeded pre-set limits, according to a regulatory filing. KKR is the latest manager of private REITS...