The GP stakes deal is part of an expanded strategic partnership aimed at supporting the alternative asset manager's direct lending strategy.
The StepStone-backed transaction reportedly extends Blackstone's ownership of a loan portfolio from its Capital Opportunities Fund IV.
The unsolicited bid comes just three days after Blue Owl Credit Income Corp. disclosed 16.8% in Q3 redemption requests.
The deal gave investors in Carlyle Credit Opportunities Fund II a liquidity option, while adding capital to support the media investment manager's growth.
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.
Founded in 2008, Prime is a private commercial real estate credit platform with over $15 billion in AUM.
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 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.
