NewStar Financial

The $475bn combined AUM of the firms brings scale across alternative asset classes neither have achieved on their own.

With the addition of Oaktree, a respected credit business, Brookfield has shown how debt investing has risen to prominence post-global financial crisis and become crucial for being a global diversified asset manager.

The New York-based private equity firm has raised its second fund that can invest in debt.

The mid-market private equity firm’s debt arm, launched this year, has raised its first pool of capital to make loan, with which it will invest in tech firms.

The firm has promoted Nicholaos Krenteras from principal and hired Bharath Srikrishnan from Five Mile Capital.

Private equity firm Shamrock Capital has sold its stake in a luxury-focused media group to co-investment partner Clarity Partners at a five-times valuation over the original purchase price.