Continuation Vehicle Governance Under Scrutiny in Abu Dhabi Investment Council Dispute
Most critiques of continuation vehicles focus on their occasional use as a tool to kick the can down the road in a slow market, but a recent dispute is now airing...
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...
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
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Subscribe →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...
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...