Newsletter Edition 70
22.05.2025
Beach Point Capital Raises Over $1.25B Across Two Private Credit Funds
Beach Point Capital Management has raised more than $1.25 billion for its opportunistic private credit strategies, closing two vehicles: BPC Opportunities Fund V LP and the BPC Real Estate Debt Fund (BPRED), the firm announced.
Opportunities Fund V secured over $750 million in investable capital, making it Beach Point’s largest vehicle since launching the strategy in 2010. The fund focuses on middle-market private credit across a broad spectrum, including opportunistic direct lending, capital solutions, asset-backed investments, and special situations. It aims to capitalise on complex businesses and market dislocations, and has already deployed around 50% of its capital.
The firm also closed its inaugural real estate debt fund, BPRED, with more than $545 million in commitments. The strategy builds on Beach Point’s track record of investing across both public and private real estate capital structures and targets U.S. middle-market opportunities. BPRED takes a flexible approach, combining direct loan origination, opportunistic secondary purchases, and special situations offering potential equity upside. As of the close, 56% of the fund has already been deployed.
Both funds attracted commitments from a diverse global investor base, including pension funds, insurance companies, family offices, sovereign wealth funds, endowments, and foundations.
With over $5 billion invested through its opportunistic strategies to date, Beach Point continues to expand its footprint in private credit and real estate, positioning itself as a flexible and opportunistic lender in today’s dynamic credit markets.
Motorola Solutions Nears $4.5B Acquisition of TJC-Backed Silvus Technologies
Motorola Solutions is in advanced discussions to acquire Silvus Technologies, a Los Angeles-based wireless communications specialist backed by private equity firm TJC, in a deal reportedly valued at $4.5 billion, according to Bloomberg.
While a final agreement has not yet been reached, sources familiar with the matter said the deal could be announced within weeks. The transaction would mark a significant exit for TJC (formerly The Jordan Company), which has been weighing strategic options for Silvus, including a potential initial public offering.
Founded in 2004, Silvus Technologies develops advanced wireless communication systems tailored for defense, military, and mission-critical applications. The company has seen a surge in demand amid increased geopolitical tensions and global investment in modernising military communications infrastructure.
TJC acquired Silvus at a time of growing institutional interest in dual-use technologies—commercial innovations with defence applications—and has supported the company’s rapid scale-up amid rising defence budgets worldwide.
For Motorola Solutions, a $70 billion public company known for its emergency communications equipment and software, the acquisition would enhance its position in the secure, high-performance communications space. The move aligns with Motorola's strategy of expanding its offerings to government, military, and public safety clients.
Neither TJC, Silvus, nor Motorola Solutions have commented on the potential deal.
If completed, the transaction would represent one of the largest recent exits in the U.S. middle-market defense tech sector, underscoring private equity’s growing role in backing dual-use and mission-critical technologies.
Clearlake Taps $5.5B in Private Credit for Dun & Bradstreet Buyout
Clearlake Capital Group is set to secure $5.5 billion in private debt financing to fund its $7.7 billion acquisition of Dun & Bradstreet Holdings, marking one of the largest private credit deals to date, according to sources familiar with the transaction.
The financing package, led by Ares Management, includes a $5 billion funded term loan and a $500 million revolving credit facility. It replaces an earlier $5.75 billion bridge loan initially arranged to support the deal. The move underscores the growing role of private credit in large-scale buyouts, as direct lenders increasingly step in where traditional banks once dominated.
The term loan is priced at 550 basis points over the Secured Overnight Financing Rate (SOFR) and issued at 99 cents on the dollar, reflecting robust investor appetite despite ongoing macroeconomic uncertainty.
The debt consortium also includes Clearlake Capital Markets, Golub Capital, and Blue Owl Capital, with Morgan Stanley serving as both an arranger and intermediary for syndication to broader credit markets. In addition to underwriting part of the deal, Morgan Stanley helped bring in other asset managers to the syndicate.
The financing was assembled in record time, allowing Clearlake to refinance the short-term bridge facility within 60 days and reportedly recoup around 75% of the fees paid for that loan.
The remaining $750 million of the transaction will be funded through equity. Clearlake won exclusivity on the deal after competing interest from Veritas Capital earlier this year.
The acquisition of Dun & Bradstreet — a business intelligence and analytics provider — continues a string of large private equity transactions backed by direct lenders, highlighting the scale and competitiveness of today’s private credit market.