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PDI spoke to Brookfield's Craig Noble about the manager's acquisition of a majority stake in Angel Oak.
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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.
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Insurer will control US manager MGG, and its JV with Natixis will create Europe’s largest asset manager by revenue.
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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.
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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.
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Like its purchase of Prima in April, the transaction looks to expand Blue Owl’s footprint in private credit.
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