Clearlake Capital’s Pretium Packaging Files Chapter 11, Shedding $900M Debt
Clearlake Capital Group portfolio company Pretium Packaging filed a pre-packaged Chapter 11 bankruptcy last week, capping a two-year restructuring effort that featured a liability management attempt...
Kirkland & Ellis Resigns Optimum Mandate Amid Creditor Antitrust Suit Pressure
Kirkland & Ellis has resigned as legal counsel to Optimum Communications, the telecoms operator formerly known as Altice USA, after pressure from some of...
Blackstone Q4 Results Signal Robust Private Equity Deal Cycle Acceleration
CalPERS Private Equity Program Achieves Top-Tier Performance Through Strategic Rebalancing
Continuation Vehicle Governance Under Scrutiny in Abu Dhabi Investment Council Dispute
Connecticut Orders Liquidation of Golden Gate Capital’s PHL Variable, Citing $2.2 Billion Capital Shortfall
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Subscribe →Insurer-Backed Notes Reshape Private Credit Funding Landscape
Led by Athene, Apollo Global Management’s in‑house insurer, funding agreement‑backed notes are re-emerging as a primary funding source for private credit....
Tertiary Funds Redefine Private Equity Secondaries Market
Interest in secondaries strategies has been running hot this year, but the latest evolution of private equity liquidity solutions takes things one step...
Private Equity Fee Compression Intensifies Amid Fundraising Challenges
This year’s continued fundraising struggles have prompted GPs to offer increasingly aggressive fee concessions as they attempt to secure new commitments....
Continuation Fund Financing Shifts Toward Hybrid Credit Facilities
With this year’s growing usage of continuation funds (now 20% of all exits through the first half of 2025), there’s been a corresponding jump in the usage...
SEC Fines TZP Management $683,000 Over Management Fee Offset Violations
On August 15th, the SEC charged TZP Management Associates with violating Section 206(2) of the Advisers Act between October 2018 and November 2023, related...