Charlesbank commits $250m to Rise Growth Partners

Charlesbank commits $250m to Rise Growth Partners

According to a press release, the capital from Charlesbank and Rise’s management combined will go towards the acquisition of significant minority stakes in select RIA firms. Rise will focus on high-growth RIAs with AUM between $1bn to more than $5bn. Following...
Morgan Stanley plans to double private credit portfolio to $50bn

Morgan Stanley plans to double private credit portfolio to $50bn

Morgan Stanley’s asset management division aims to double its private credit portfolio to $50 billion in the medium term as it gathers funds from large investors to loan out to companies. The bank has invested more than $300 million into the business, which has...
Uniqa sells private equity funds of €400m

Uniqa sells private equity funds of €400m

Austria’s Uniqa Insurance said it had agreed to sell a portfolio of private equity funds with a total volume of around 400 million euros ($532 million) to a number of investors. The company, which is concentrating on its core insurance business in its main...