Erik Serrano Berntsen, CEO of Stable Asset Management, sat down with Alt Goes Mainstream to detail how the GP stakes model has evolved from a niche alignment tool into a core infrastructure layer for alternative asset management. Stable, which has built over 40 firms and manages roughly $5B since its founding in 2006, now writes checks of $100M to $300M to seed and accelerate GPs across private credit, private equity, and specialty strategies.

Luke Flemmer, Head of Private Assets at MSCI, sat down with Alt Goes Mainstream to lay out how data harmonization is quietly becoming the defining infrastructure challenge of private markets. Drawing on a career that spans robotics, fixed income trading floors, and Goldman Sachs Asset Management, Flemmer argues that private markets are undergoing the same standardization-driven transformation that reshaped equities, fixed income, and FX over the past two decades, and that MSC

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

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.

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.

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.

The secondaries market has grown 100x from $2 billion in annual volume to over $200 billion, yet remains a tiny fraction of the multi trillion dollar private markets ecosystem it serves.

Only 40% of advisors discuss alts with clients while millennials already allocate 20% to the asset class.

Goldman's credit chief warns the cycle started three years ago and dispersion will finally separate disciplined platforms from the capital flood.

Goldman warns alt demand will outstrip origination supply in 3–5 years as retail, insurance, and institutional capital converge.

What's New The secondary markets have officially outgrown their "cottage industry" origins, with annual transaction volume surpassing $200B in 2025, up from just $9B during the 2008 financial crisis and roughly $1B a quarter century ago. In a wide ranging conversation on the Alt Goes Mainstream podcast , Lexington Partners' Taylor Robinson explained why four consecutive years of distribution slowdowns have transformed secondaries from a niche liquidity mechanism into essentia