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KKR closed its first private credit continuation vehicle at more than $460m in total commitments, with Allianz Global Investors as lead buyer. The vehicle holds assets of KKR Lending Partners III, which generated an 11.0% net IRR and 1.7x multiple as of June 30, 2026.
Alternative Credit Investor · also Commercial Observer, IREI, HedgeCo, IPE Real Assets +1
$55.1B in 23 final closes
Full league table →Advent raised $30bn across its fund complex, including close to $27bn for Advent International GPE XI, which surpassed its $26bn target. The firm also raised more than $3bn for a new mid-market strategy and returned about $13bn to investors across 27 businesses in 2026.
Funds managed by Trian Fund Management, BlueFive Capital, Flynn Group and Sixth Street Partners submitted a non-binding proposal to acquire the remaining 83.70% stake in The Wendy's Company for $1.2 billion.
Yahoo Finance · also CNBC, MarketWatch +1
Disruptive has raised $10bn for its first flagship blind-pool fund, which will back at least 10 late-stage companies with checks of up to $1bn in AI, computing infrastructure and defense. The firm had already secured at least $7.5bn in commitments before the close, per the Wall Street Journal.
TechCrunch · also AltAssets, The Business Journals +1
Ares Capital will acquire Apollo's MidCap Financial Investment Corporation in a $2.6bn cash-and-stock deal valued at $10.88 per share, a premium of more than 30%. The combined direct lending portfolio would span more than 800 companies, with closing expected in the first half of 2027.
Tree Line Capital Partners closed a $680m private credit continuation vehicle with PGIM and LGT Capital Partners as co-lead investors, providing liquidity to investors across its direct lending funds.
GTCR is closing in on a $15 billion hard cap for Fund XV.
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