Institutional investors’ credit allocations are shifting away from direct lenders and toward specialists with domain expertise and operational scale. More below. Pathlight Capital is seeking to raise ...

Ares Management Corp. (NYSE: ARES) has agreed to acquire all outstanding shares of BlueCove Limited, a London-based systematic fixed income investment firm. The deal, expected to close in the first ...

Abry Partners-backed Portfolio Holding Inc. will be acquired by Protective Life Insurance Company, the primary operating subsidiary of Protective Life Corp., which is wholly owned by Dai-ichi Life ...

First Federal Lakewood, the largest mutual bank headquartered in Ohio, has agreed to acquire First Federal Savings & Loan Association of Centerburg. The deal, expected to close in the first quarter of ...

AEA Investors has appointed Abraham Zilkha as a partner on its AEA Elevate team, where he will also serve on the platform’s investment committee. Zilkha will focus on supporting the continued ...

Nvidia Corp. (Nasdaq: NVDA) is backing a new funding round for AI startup Poolside, an AI firm focused on coding automation, committing between $500 million and $1 billion as part of a raise that ...

Morgan Stanley (NYSE: MS) has agreed to acquire EquityZen, a trading platform for shares of privately held companies, as part of a strategic push to strengthen its private markets capabilities. The ...

FleetPride Inc. and TruckPro LLC have completed their merger, forming an independent player in the heavy-duty aftermarket parts and service sector. TruckPro, based in Memphis, Tenn., is a distributor ...

Cerberus Capital Management has acquired BROCC Finance AB, a Swedish consumer finance platform, following regulatory approval from the Swedish Financial Supervisory Authority. The deal, completed ...

Bank of America (NYSE: BAC) announced key leadership changes within its global corporate and investment banking unit. Sharnoff, a 25-year veteran of the bank, previously led its global financial ...

Incline Equity Partners has invested in Advanced Solutions International, a Virginia-based software firm serving associations, trade unions and nonprofit organizations. The transaction supports ASI’s ...