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 ...

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 ...

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 ...

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 ...

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 ...

Vector Capital has acquired Showpad and merged it with Bigtincan to create a unified leader in AI-powered revenue enablement. The deal combines two early movers in AI-driven sales enablement under a ...

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 ...

HPS Investment Partners, a credit-focused alternative investment firm, has partnered with Lunate, a global investment manager with over $110 billion in AUM, to launch the HPS Strategic Solutions ...

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 ...

Ryerson Holding Corp. (NYSE: RYI) and Olympic Steel (Nasdaq: ZEUS) have agreed to merge, creating the second-largest North American metals service center. Under the agreement, Olympic Steel ...

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 ...

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 ...