Iron Park Capital, founded in 2019 by GSO co-founder Tripp Smith, is seeking up to $5bn for its second private credit joint venture, Private Equity International understands.
A host of potential entrants to the double-digit fund club, a raft of fund closes below target and an influx of Indian investment are on the cards in the year ahead.
GP-led secondaries, especially single-asset deals such as this one involving a global glass repair operator, have driven the market to expected record volume levels this year.
Ascentium founder and former Credit Suisse boss James Lee will become head of Blue Owl’s institutional sales team in Asia, per a statement seen exclusively by PEI.