Top private equity news of the week

BlackRock and Partners Group have launched a new private-markets investment account aimed at wealthy individuals, marking the first product to emerge from their strategic partnership announced in 2024.

The separately managed account is being distributed through Morgan Stanley’s wealth platform and combines exposure to private equity, private credit, and real assets in a single structure. According to the firms, this is the first US product that allows private-wealth clients to invest across multiple private-asset classes through one account.

KKR is in advanced talks to spearhead a roughly €2.75bn, or about $3bn, transaction to acquire a stake in CVC Capital Partners’ Global Sport Group, Sky News reported.

The vehicle owns stakes in major sports properties including Six Nations Rugby, women’s professional tennis, and top-tier football leagues in Spain and France. City sources said KKR has emerged as the leading candidate, although other investors, including Ares Management, remain in the frame.

HarbourVest Partners has closed a $1.1bn structured solutions vehicle focused on private market secondaries.

The vehicle, HarbourVest Partners Structured Solutions 2025, has the capacity to invest $1.1bn and is capitalised by HarbourVest alongside alternative credit funds affiliated with Ares Management. Funds managed by Blackstone Credit and Insurance are providing senior financing.