Top private equity news of the week
Brookfield will acquire the remaining 26% stake in Oaktree Capital Management for approximately $3bn, taking full ownership of the Los Angeles-based credit and distressed-debt investor and cementing its position as a major force in alternative credit, according to Bloomberg.
The deal, which values Oaktree at about $11.5bn, is expected to close early next year and will add to Brookfield’s earnings. The firm first acquired a majority stake in Oaktree six years ago, helping to accelerate the expansion of its credit business, now one of its fastest-growing divisions.
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CVC Capital Partners is in talks with Ares Management to secure a multibillion-dollar debt package to refinance its £9bn portfolio of sports investments, marking one of the largest private credit deals in the sector, SkyNews reports.
The refinancing, led by CVC’s Global Sport Group (GSG), will consolidate financing across its stakes in major sporting properties including Premiership Rugby, the Six Nations, Spain’s La Liga, France’s Ligue 1, and global volleyball and tennis assets. The deal is also expected to position CVC for a potential sale of a minority stake in GSG or a future listing.
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Blackstone has launched a dedicated retirement solutions group to expand access to private equity and other alternative investments in 401(k) plans, according to a report by Bloomberg.
The initiative follows a regulatory shift in August that paved the way for private equity, real estate, cryptocurrency, and other alternative assets to be included in employer-sponsored retirement accounts. The change, approved under the Trump administration, represents a major win for investment firms seeking new capital sources beyond institutional investors.
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