Bridgepoint Credit has completed a €1.2 billion continuation vehicle with Pantheon, giving investors in its 2017-vintage direct lending fund a choice between near-term liquidity and continued exposure. The transaction highlights the growing role of GP-led secondaries in private credit as managers seek to extend mature portfolios without forcing asset sales. Bridgepoint Credit has completed a…
T. Rowe Price is acquiring fixed-income specialist F/m Investments, adding approximately $19 billion of assets and a 20-ETF range to its platform. The deal will more than double T. Rowe Price’s fixed-income ETF assets and highlights the growing importance of specialist ETF capabilities to established active asset managers. T. Rowe Price is acquiring fixed-income specialist…
Russell Investments’ exchange-traded funds are seeking shareholder approval for new advisory agreements following the proposed $2.8 billion acquisition of the asset manager by a consortium led by B Capital and including CalPERS. The transaction highlights the governance and regulatory consequences of ownership changes for fund managers and ETF investors. Russell Investments’ exchange-traded funds will hold…
Victory Capital is to acquire First Eagle Investments for approximately $7 billion, creating a global asset manager with around $571 billion in total client assets. The deal will see Victory pay approximately $4.4 billion in cash and $2 billion in newly issued shares, while assuming $575 million of First Eagle debt. The transaction is expected…
The US Securities and Exchange Commission has proposed a new Regulation Crypto Assets framework covering certain investment contracts involving crypto assets. The proposal could create a clearer route for capital raising and secondary-market activity while imposing new disclosure and reporting requirements on eligible issuers. The US Securities and Exchange Commission has proposed a new regulatory…
Securitize and Neuberger have launched a tokenised fixed-income fund investing primarily in high-yield bonds, CLOs and leveraged loans. The product marks Neuberger’s first role as sub-adviser to a tokenised fund and brings an established institutional credit strategy onto four public blockchain networks. Securitize and Neuberger have launched a tokenised fixed-income fund that brings an institutional…
KKR has closed its fifth global infrastructure fund with $19.2bn of commitments, making it the largest infrastructure vehicle in the firm’s history. The Core+ strategy targets critical infrastructure across North America and Western Europe, underlining continued institutional demand for long-duration private assets despite a more selective fundraising environment. KKR has closed its latest global infrastructure…
ELTIF 2.0 has given asset managers a more flexible vehicle for bringing private markets to wealth investors. But as the number of products grows, the competitive advantage may increasingly lie not in creating another ELTIF, but in securing the distribution partnerships, platforms and infrastructure capable of putting those products in front of investors at scale….
Institutional appetite for private infrastructure is accelerating, with energy transition and AI-driven demand helping push the asset class towards a new fundraising record. Private infrastructure fundraising surged by more than 60% in 2025 to $211bn, taking global infrastructure assets under management to $1.6trn, according to Boston Consulting Group. Infrastructure now represents around 10% of global…
ELTIF 2.0 is beginning to reshape how private-market strategies reach European wealth investors, with a rapidly expanding fund universe and growing emphasis on evergreen and semi-liquid structures. But the next stage of growth will depend less on regulation and more on distribution, operational infrastructure and investors’ understanding of liquidity risk. Europe’s ELTIF market is entering…