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A group led by Trian Fund Management, including Flynn Group, BlueFive Capital and Sixth Street Partners, offered $7.35 per share in cash for Wendy's, valuing the bid at $1.4 billion. The nonbinding bid was reported by The Wall Street Journal.
Yahoo Finance · also Alternatives Watch, The Globe and Mail, CNBC, KSL News +5
$42.3B in 18 final closes
Full league table →KKR closed its first private credit continuation vehicle with more than $460 million in commitments, holding assets of KKR Lending Partners III, with AllianzGI as lead buyer. The vehicle gave existing investors the choice to sell or roll over, and KKR Lending Partners III reported an 11.0% net IRR and 1.7x MOIC as of June 30, 2026.
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.
PGIM and LGT Capital Partners backed a $680 million continuation vehicle run by Tree Line Capital Partners, acquiring a portfolio of senior secured first-lien loans tied to more than 60 U.S. lower middle-market businesses. The deal extends PGIM's planned $1 billion push into private credit secondaries.
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.
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, Alternatives Watch +2
Mubadala Capital venture chief Ibrahim Ajami is leaving to launch a $500 million fund.
Stories are gathered every hour from more than 200 publications, grouped so one event is one line, and ranked by size, breadth of coverage and recency. Every headline links to its publisher.