Ares Capital agreed to acquire MidCap Financial Investment Corporation, the Apollo-managed BDC, in a stock-and-cash deal valued at about $2.6 billion enterprise value. MFIC holders receive $10.88 per share, about $1.21 in cash and $9.67 in Ares Capital stock.
Disruptive has raised a $10B fund to make large bets on at least 10 companies. The firm previously backed chip startup Groq and AI voice-generation startup ElevenLabs.
Town Lane closed its Real Estate Opportunities Fund II at a $1.9bn hard cap, 52% above its $1.25bn debut fund and above its $1.5bn target. The New York-based firm was founded in 2024 by Tyler Henritze.
Nautic Partners is raising a $3 billion continuation vehicle led by existing limited partners Carlyle AlpInvest and HarbourVest. The vehicle is roughly two-thirds the size of Nautic's $4.5 billion eleventh fund, which closed in October 2024.
Bell Canada agreed to sell a 49.9% stake in a new wireless tower infrastructure company to La Caisse for CA$2.45 billion ($1.74 billion), with Paul Weiss advising BCE.
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