A former KKR executive has formed his own firm called Patient Square Capital to pursue private equity deals in the health care industry, the new company said on Monday.

A KKR executive touted Asia as perhaps the “biggest” area of potential growth for the firm on Tuesday after Asian funds helped propel the private equity firm to a new record for quarterly fundraising.

Kentucky Attorney General Daniel Cameron’s office joined an existing lawsuit filed by a group of current and former public employees against private equity firms Blackstone and KKR & Co., which alleges that their hedge fund arms sold risky, high-fee funds to the state’s pension systems.

Zurich Insurance decided not to renew its policy with Canada’s Trans Mountain pipeline amid ongoing protests of the major oil conduit, leaving the project in need of a new primary insurance provider.

U.S. fund manager BlackRock scaled back its investment in telecom company MasMovil below 5% as a private equity buyout that shareholders contend “substantially undervalues” the company looms closer.

Private equity firm KKR & Co. said on Wednesday that it will acquire retirement and life insurance company Global Atlantic Financial Group for around $4.4 billion, a deal that will significantly increase its permanent capital base and expand its position in the insurance industry.

The National Australia Bank said Thursday it would expand its private wealth offerings with 50 new bankers and advisers as it brings its high-net-worth services under a single roof.

Britain’s largest independent insurance brokerage company the Ardonagh Group has secured a £1.875 billion ($2.338 billion) loan from a group of investors headed by lead arranger Ares Management Corporation in the world’s largest unitranche financing transaction, Ares revealed on Monday.

Ares Management said Monday that it closed on a new fund for distressed investing that is significantly oversubscribed, with $3.5 billion of commitments, as asset management firms increasingly turn to new strategies to take advantage of the coronavirus-related economic downturn.

Bain Capital’s credit affiliate secured over $3.2 billion in funding for a new distressed debt and special situations fund as part of an industry-wide push to take advantage of the shaky business environment caused by the coronavirus-related economic downturn.

A group of investors led by KKR purchased a roughly 6% stake in Vietnamese real estate developer Vinhomes for the equivalent of nearly $650 million, the U.S. private equity firm said Tuesday.

Life insurance company Brighthouse Financial teamed up with Policygenius, a KKR-backed online insurance marketplace, to launch a new digital life insurance product Tuesday that eliminates the need for medical exams and provides underwriting decisions within 24 hours.

AllianceBernstein said Tuesday it has urged the board of Spanish telecom company MasMovil to either seek better terms on a 2.96 billion euro ($3.3 billion) takeover bid proposed last week by a private equity consortium or consider other offers.

Standard Chartered Bank has agreed to provide KKR with financing aimed at helping the private equity giant grow its Global Impact Fund, a $1.3 billion sustainable investment vehicle targeted toward companies which are focused on solving societal challenges.

U.S. private equity firm Silver Lake is doubling down on Indian telecom and technology giant Reliance Jio Platforms, announcing a 45 billion rupee ($600 million) investment on Friday, as investor appetite in certain sectors of the country's economy remains strong.

KKR, Cinven and Providence have launched a 2.96 billion euro ($3.3 billion) voluntary takeover bid for Spanish telecom operator MasMovil, the company said Monday.

KKR & Co. said Thursday it has raised nearly $4 billion to buy up discount corporate credit from companies hit hard by the pandemic, making it the latest in a wave of firms building distressed debt megafunds.

Private equity firm KKR said Wednesday that it will invest $1 billion in a new European data center venture called Global Technical Realty, making a play on growing data demand.

Private equity giant KKR said Thursday that it will invest 11,367 crore, or almost $1.5 billion, in India’s fast-growing telecom Jio Platforms in what will be the U.S.-based investment firm’s largest investment in Asia.