PGIM Private Capital raises $2.23B for sixth mezzanine fund

PGIM Private Capital raises $2.23B for sixth mezzanine fund

PGIM Private Capital has completed fundraising for PGIM Capital Partners VI, L.P., surpassing its fundraising target with capital commitments of $2.23 billion. PGIM Private Capital is a leading source of private debt for public and private companies and is the private...
Buyout Firms Said to Vie for $4 Billion Philips Appliances Unit

Buyout Firms Said to Vie for $4 Billion Philips Appliances Unit

Buyout firms including PAI Partners and China’s CDH Investments are among suitors preparing first-round bids for Royal Philips NV’s home appliance unit, people with knowledge of the matter said. Apollo Global Management Inc. has also been considering a non-binding...
Maranon Capital holds $350m final close for new CLO fund

Maranon Capital holds $350m final close for new CLO fund

Maranon Capital announced the closing of Maranon Loan Funding 2020-1, Ltd., a $350 million collateralized loan obligation (“CLO”). This represents the fifth CLO issued by Maranon. Maranon Loan Funding 2020-1 will primarily invest in leveraged loans to middle market,...
Blackstone investment in the tech firm ISN puts a $2 billion value

Blackstone investment in the tech firm ISN puts a $2 billion value

Blackstone announced today that they have made a significant minority investment in ISN, the global leader in third-party contractor and supplier management software, at a valuation of over $2 billion. The investment is led by Blackstone Growth (BXG), which focuses on...