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PDI spoke to Brookfield's Craig Noble about the manager's acquisition of a majority stake in Angel Oak.
The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.
Purchase will add $10.7bn of CLO assets to Redding Ridge, $2bn of private credit to Apollo.
COO Gray says Blackstone’s non-investment-grade and real estate credit earned ‘extraordinary results’ amid robust investor interest.
Insurer will control US manager MGG, and its JV with Natixis will create Europe’s largest asset manager by revenue.
Aspida, which also sells annuities, has grown to $19bn in assets with support from Ares.
The acquisition will create a $240bn private debt platform, the fifth largest of its kind.
Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.
VPC brings an asset-backed business and litigation finance to the table.
Like its purchase of Prima in April, the transaction looks to expand Blue Owl’s footprint in private credit.