Manulife Global Head of Private Markets Anne Valentine Andrews, Goldman Sachs Global Co-Head of Private Credit Vivek Bantwal, and Blackstone Global Head of Private Credit Strategies Brad Marshall convened at Bloomberg Invest 2026 for the most direct conversation available about what is actually happening with BDC redemptions, retail private credit flows, and the structural questions the current volatility has surfaced. Marshall disclosed that Blackstone's B-Cred vehicle exper

What's New Ares Management Co-Founder and CEO Michael Arougheti opened his Bloomberg Invest 2026 appearance  with genuine equanimity about everything happening in the market right now. AI disruption, software stress, geopolitical conflict, potential inflation resurgence, none of it has materially changed Ares's operating assumptions. His argument is not complacency. It is a structural claim: private markets managers who think in five to fifteen year increments are operating o

With most of their share prices down more than 20% year-to-date, the world's largest alternative asset managers are making their boldest moves yet. PitchBook's Q4 2025 US Public PE and GP Deal Roundup reveals that Blackstone, KKR, Apollo, Carlyle, Ares, TPG, and Blue Owl closed 2025 on their strongest deployment quarter of the year while aggressively expanding into insurance, retail wealth, and digital infrastructure.

Morningstar's The Many Problems of Incentive Fees in Semiliquid Funds reveals that two-thirds of unlisted business development companies omit incentive fees from their prospectuses entirely, exploiting regulatory gray areas to appear cheaper than they are while collecting those same fees with near certainty.

Gen II's CAMMI 05 (Core Alternative Managers' Mood Index) reveals that technology has overtaken talent as the single biggest internal challenge facing private market fund managers, with 27% of respondents citing systems, data quality and reporting speed as their primary pain point. The Q4 2025 survey returned an overall score of 56.56, signaling continued optimism that investor allocations will grow over the next 12 months across UK and European markets.

State Street Investment Management President & CEO Yie-Hsin Hung and Apollo Asset Management Co-President John Zito took the Bloomberg Invest 2026 stage to make the case that bringing private credit to retail investors is not a product gimmick but a structural inevitability.

Apollo Global Management CEO Marc Rowan used his Bloomberg Invest appearance to deliver a blunt message: the $1.8 trillion private credit industry is entering a prolonged shakeout driven by software sector defaults, BDC redemptions, and a string of high profile blowups. Apollo's own shares have fallen 30% year to date as investor anxiety intensifies over whether the industry's rapid growth outpaced its underwriting discipline.

What's New Long Angle's 2026 High Net Worth Asset Allocation Report reveals that 94% of high net worth investors now allocate to private and alternative assets, effectively eliminating the distinction between "core" and "alternative" holdings. The fifth annual benchmark study, surveying 233 investors with an average net worth of $17.3M, finds that private markets command 28% of total net worth and 31% of investable portfolios (excluding home equity). Private company equity al

Bain & Company's Global Private Equity Report 2026 reveals that private equity posted its second best year ever in 2025, with buyout deal value surging 44% to $904 billion and exit value jumping 47% to $717 billion. But the recovery was decidedly narrow.

Oliver Gottschalg, HEC Paris professor and founder of Gottschalg Analytics, made a striking case on Fund Shack that machine learning models he has been building for eight years can materially outperform human decision making in private equity fund selection and secondaries pricing.

Evergreen PE funds face "NAV squeezing" critique as billions flow into structures with zero hurdle fees and instant secondary markups.

PwC's 2026 Private Capital Outlook reveals that private capital is entering 2026 at a decisive inflection point where growth ambitions, liquidity engineering, and tax strategy are converging into a single integrated decision framework.

McKinsey's Global Private Markets Report 2026 reveals that private equity dealmaking returned with force in 2025, ending a prolonged downturn that had gripped the industry since 2022. Total PE deal value reached $2.6 trillion globally, up 19% over 2024, with buyout and growth transactions exceeding $500 million surging 44% to top $1 trillion. The year also produced the largest buyout in history: the $55 billion consortium takeover of Electronic Arts.

What's New David Sambur, Matt Nord, and Antoine Munfakh, Apollo's co-heads of private equity, make the case in their January 2026 report Private Equity Returns to Its Roots  that the asset class must abandon the leverage and multiple expansion playbook that dominated 2010 to 2022 and return to disciplined buying, hands on operational improvement, and flexible exit strategies to generate alpha in a normalized rate environment. Why It Matters Since 2018, capital calls have ex

The recently published PRISM Private Credit Primer maps a market that has grown tenfold since 2008 into a $3.5 trillion asset class, with projections pointing toward $4 to 5 trillion by 2030. The old walls between public and private credit are coming down fast.

The latest Coller Capital Global Private Capital Barometer surveyed 108 institutional investors managing $1.97 trillion collectively. The message is clear: show me the money.

Stonepeak has grown from $10B to $76B in AUM by investing in infrastructure assets most people interact with daily but never think to invest in, from data center connectivity hubs to power generation to transport networks.

What's New Family offices are no longer passive fund investors but active deal partners appearing alongside sovereigns and pensions on major transactions, with secondaries emerging as the single most requested strategy across every geography from New York to Dubai to Tokyo. In a conversation on the Alt Goes Mainstream podcast , Sara Naison Tarajano, Partner and Global Head of Goldman Sachs Apex Family Office Coverage, revealed that corporates raising capital now treat the fam

The surplus of capital chasing private market deals is a mirage created by a temporary deal flow drought, not a structural imbalance. In a conversation at the Goldman Sachs Alternatives Summit on the Alt Goes Mainstream podcast, Jeff Fine, Global Co Head of Alternatives Capital Formation at Goldman Sachs Asset Management, argued that capital is consolidating rapidly among the top five to ten managers while mid market firms run on fumes from legacy fees.