PE Hub Wire

Dyal Capital eyes $1bn loan to pay back investors in Fund III, Texas Teachers completes sale of large PE stakes, Lightyear Capital to invest in Health Plan One

Dyal Capital is closing in on a $1 billion loan and Lightyear Capital backs Health Plan One.

Ares closes Special Situations fund targeting market distress on $3.5b, K1 makes second exit during market downturn, Opportunity Zone fundraising appears to weather coronavirus storm

Ares racks up $3.5 billion for its special opportunities fund and Aurora acquires marketing FMG Suite from K1.

L’Oréal tops PE bids with nearly $400m deal for Thayers, Ex-Goldman Sachs exec's shop RedBird collects nearly $1.2b for third fund, L Catterton invests in Petlove

RedBird Capital Partners raises nearly $1.2 billion for its third growth equity fund, which is targeting $1.7 billion and L Catterton backs Petlove.

General Atlantic and the largest IPO of 2020, Southern Cross nears completion of restructuring on 2010 fund, LPs eye distress, special situations

General Atlantic-backed Royalty Pharma raises $2.2 billion for its IPO.

AEA, Ontario Teachers-backed 24 Hour Fitness files for bankruptcy, Searchlight hires CVC executive as partner, How far underwater are PE returns?

Citing COVID-19, PE-backed gym chain 24 Hour Fitness files for bankruptcy and GreyLion Capital completed its spinout from Perella Weinberg Partners.

Blackstone Life Sciences clinches royalty deal with Medtronic, Apollo-spinout Nexus Capital targets $1bn-plus for next fund, Kinderhook's Avita sees big opportunity in pharmacy management

Blackstone invests in Medtronic and Nexus Capital targets $1 billion for new fund.

NovaQuest brings Clinical Ink back to market after hitting pause on process, TPG Growth spinout Knox Lane raises nearly halfway to $500m goal on debut, WestView exits Collaborative Solutions

New and emerging managers hit their stride in the downturn.

Sponsors seek relief outside of MAE clauses to break deals, GPs ask LPs for more ability to use fund-level leverage, Consortium to buy minority stake in Trustly

GPs explore strategies to break deals in the pandemic downturn and Spectrum Equity invests in CINC Systems.

All eyes on Advent, Forescout with MAE trial set for mid-July, JLL looks to raise capital for older portfolio in preferred equity deal, Pathway promotes three

Advent and Forescout go to trial in mid-July and Pathway ups three.

Welsh, Carson, Anderson & Stowe awaits final bids for InnovAge, Collier Creek SPAC agrees to merger with Utz Quality Foods, How PE will be weaved into 401(k)s after government blessing

Collier Creek SPAC agrees to merge with Utz Quality Foods and Welsh, Carson, Anderson & Stowe is approaching a full or partial sale of InnovAge.