Founded in 2002, CRC is a private credit manager that invests in bank capital strategies, mainly SRT transactions, that deliver non-dilutive capital solutions to European banks.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
Founded in 2024 by former Park Square executive Jacob Ucar, Kinnerton provides debt and minority equity capital to mid-market businesses.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The Paris-based asset manager oversees €2 billion in assets and operates across multiple strategies, including LBO, venture capital, and real estate.
The disposal to a consortium of other UK schemes was facilitated by online LP-led platform MeltX and received legal support from Willkie Farr & Gallagher and Hogan Lovells.
The cash-and-equity deal broadens CVC's access to the US credit market and will see its credit FPAUM increase to €61 billion.
The Taconic spin-off, which received a $200 million strategic investment from Stable, will launch a credit-focused evergreen fund.
Bonaccord first backed the London-based private credit investor in 2021, helping scale its platform and broaden global reach.
The Italian alternative investments platform currently manages around €2 billion across private equity, private credit, and venture capital.
