Connecticut Orders Liquidation of Golden Gate Capital’s PHL Variable, Citing $2.2 Billion Capital Shortfall
Connecticut regulators have abandoned efforts to rehabilitate PHL Variable Insurance Co., the troubled life insurer owned by Golden Gate Capital, after concluding that its $2.2 billion capital...
Big Law’s Private Equity Frontier: McDermott Explores MSO Stake Sale
Law firm McDermott Will & Schulte said last week that it’s weighing a possible stake sale to private equity after being approached by multiple suitors....
Brookfield Evergreen Private Equity Fund Under Scrutiny Amid Distressed Holdings, Related-Party Concerns
Broadly Syndicated Loans Incorporate PIK as Private Credit Spreads Tighten
HPS Investment Partners Navigates $500M Asset-Backed Finance Fraud Allegations
Limited Partner Pressure Prompts Kirkland & Ellis Fund Formation Practice Review
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Subscribe →Sponsors Test Second-Generation Continuation Vehicles as Exit Strategy
As early continuation vehicles reach maturity, sponsors are beginning to test “CV-squared” transactions—moving assets from one continuation vehicle to...
Quest Software Launches Second Debt Exchange as Leverage Hits 11x
Clearlake Capital Group’s Quest Software is running its second debt exchange in three months, offering holders of its fifth-priority loan a below-par swap...
Labor Department Directed to Clear Private Markets Access for $12.5tn 401(k) Market
On Friday, President Donald Trump signed an executive order directing the Labor Department to clear the way for private equity, real estate,...
Carlyle Distributions Hit $6bn as Private Equity Unit Outpaces Peers
Carlyle Group’s private equity unit bucked the trend in Q2 and posted realizations that both beat Street expectations and many of its peers. The firm’s...
Private Credit Borrowers Pivot to Syndicated Market as Spreads Tighten
Buyout firms are taking advantage of a rebound in the broadly syndicated loan market to refinance existing private credit facilities with cheaper debt....