Top storyCredit
ACORE Capital held a final close on ACORE Opportunistic Credit II with $1.1bn of commitments, above its $1bn target. The fund invests in opportunistic commercial real estate credit.
PERE · also Alternative Credit Investor, IREI, Business Wire, Alternatives Watch +1
$42.4B in 17 final closes
Full league table →Ares Senior Direct Lending Fund IV has pulled in nearly $6 billion of equity, ahead of the pace of its prior vintage, with a first close above $8 billion.
Thrive Holdings has agreed to acquire security company ADT in an all-cash transaction valued at about $7.6 billion in equity and $15.3 billion in enterprise value.
TechCrunch · also Global Legal Post, Law360
Clayton, Dubilier & Rice has raised about $20bn for Fund XIII within six months of launch, on course for a $26bn target with a $28.5bn hard cap and a final close targeted for Q1 2027.
RedBird and Sound Ventures are teaming up on a $1 billion fund targeting technology, media and culture investments.
Alternatives Watch · also Variety
Trian Fund Management, with Flynn Group, BlueFive Capital and Sixth Street Partners, proposed a $1.4 billion take-private buyout of Wendy's at $7.35 per share in cash, a premium of about 20%. Trian and affiliates already control about 16.3% of outstanding shares.
Hedgeweek · also Alternatives Watch, The Business Journals +13
Tree Line Capital Partners has closed a $680 million continuation vehicle co-led by PGIM and LGT Capital Partners, giving existing investors across several direct lending funds the option to take liquidity. The vehicle holds a seasoned book of senior secured, first-lien loans to more than 60 U.S. lower middle market companies.
Alternative Credit Investor · also AltAssets, Yahoo Finance +3
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