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The definitive source of private markets intelligence.


Private Credit Slowdown: Tariffs Throw Cold Water on Deal Activity
Direct lending deal activity has slowed significantly in early 2025, with both volume and deal count trailing last year's pace, according to PitchBook's April 2025 US Private Credit Monitor. The "Liberation Day" tariff announcement on April 2 has disrupted the M&A recovery many had anticipated in Q1.
May 17, 20252 min read


Goldman's Kyle Kniffen Sees Wealth Shift Ahead
Kyle Kniffen, Managing Director and Global Head of Alternatives, Third Party Wealth at Goldman Sachs, discusses the evolution of private markets distribution to wealth investors in this Alt Goes Mainstream podcast.
May 16, 20253 min read


Private Equity's $2.9 Trillion Exit Problem Needs New Strategies, Bain Report Shows
According to Bain & Company's recent report, private equity firms are facing an unprecedented challenge with $2.9 trillion in unsold assets, with 53% of portfolio companies held for four years or longer as traditional exits remain elusive in the current market environment.
May 16, 20252 min read


Private Wealth's Trillion-Dollar Alternative Assets Shift
Ted Seides interviews Michael Sidgmore, co-founder of Broadhaven Ventures and creator of the Alt Goes Mainstream podcast, about the massive shift of private wealth into alternative investments. Sidgmore, whose career spans Goldman Sachs, iCapital, and fintech ventures, explains how individual investors are following institutions into alternatives but at an accelerated pace.
May 16, 20253 min read


Partners Group Sees Opportunity Window in Market Volatility
Partners Group's Q2 2025 Private Markets Chartbook reveals a significant shift in the investment landscape as policy-driven volatility creates strategic buying opportunities for nimble private market investors.
May 16, 20252 min read


Building Trust at Scale: James Clarke on Blue Owl's Institutional Playbook
James Clarke, global head of institutional capital at Blue Owl, shares his journey from financial journalist to asset management leader in this Capital Allocators podcast. With over two decades of experience, including ten years at PIMCO, Clarke offers insights into building institutional relationships and scaling a firm from startup to a $270 billion alternative asset manager.
May 16, 20253 min read


Private Capital Goes Retail: How RIAs Are Reshaping Access
Brett Hillard, Chief Investment Officer at GLASfunds, joined S&P Global's Private Markets 360° podcast to discuss how registered investment advisors (RIAs) can effectively integrate private market investments into client portfolios. With over 15 years of industry experience, Hillard explains how GLASfunds' innovative platform helps wealth managers overcome administrative complexities by providing streamlined access to private market opportunities.
May 13, 20253 min read


Cross-Asset Private Capital Solutions Reshape Corporate Finance Landscape
KKR's "Reinventing Corporate Capital" report reveals a significant shift in corporate financing, with structured cross-asset solutions increasingly replacing traditional debt and equity options. According to KKR Credit & Markets analysis, Capital Solutions represent an emerging category designed to bridge fragmented debt and equity markets with flexible, tailored financing structures.
May 12, 20252 min read


VCs Used SPACs to Offload Lower-Quality Companies, Study Finds
According to a recent study published in the Journal of Corporate Finance, venture capital firms exploited a lack of regulation and investor naivety in the SPAC market to exit from lower-quality ventures, resulting in substantial underperformance compared to traditional IPO exits.
May 11, 20252 min read


Goyal Powers Carlyle's Energy & AI Infrastructure Strategy
In Brief: Pooja Goyal, Partner and CIO of Carlyle's Infrastructure Group, shared her strategic approach to energy transition and...
May 11, 20252 min read


Private Wealth Race Opens New Frontier for Alt Managers
Peter Aliprantis, Partner and Head of Private Wealth Americas at EQT, discusses the rapidly evolving private wealth channel for alternative investments in this Alt Goes Mainstream podcast. Having joined EQT in October 2024 after 12 years at TPG Angelo Gordon, Aliprantis brings 25+ years of experience to the wealth management space. He identifies a fundamental shift where private wealth, once an afterthought for alternative asset managers, has become central to growth strategi
May 11, 20252 min read


Private Wealth Fuels Massive Shift in Alternative Assets
Michael Sidgmore, co-founder of Broadhaven Ventures and creator of the Alt Goes Mainstream podcast, shared insights on the convergence of private markets and private wealth in this Capital Allocators interview. While institutional investors typically allocate 20-50% to alternatives, private wealth portfolios hold just 2-5%.
May 11, 20253 min read


Private Markets Reshape Wealth Management Landscape
Karl Heckenberg, President of Constellation Wealth Capital, discusses how private markets have become a critical differentiator for wealth management firms on the Alt Goes Mainstream podcast. With his firm having closed a $1 billion fund dedicated to independent wealth managers, Heckenberg highlights how the most successful RIAs are leveraging alternative investments to compete with wirehouses.
May 11, 20252 min read


Private Wealth Expert Charts Private Markets Accelerated Evolution
Adam Bobker, Co-Head of Private Wealth Solutions at Fortress Investment Group, joined the Alt Goes Mainstream podcast to discuss the evolution of alternative investments in the wealth management space. With over 22 years of experience at BlackRock before joining Fortress, Bobker offers insight into how private market investments are becoming standard allocations for advisors beyond just ultra-high-net-worth clients. He argues that the once-niche world of alternative investmen
May 11, 20252 min read


Wealthy Investors Boost Private Equity Secondary Markets
Wealthy individual investors are pouring money into "evergreen" private equity vehicles, allowing large institutional investors to sell their fund stakes at higher prices despite the private equity industry's ongoing slump.
May 11, 20252 min read


Private Equity's New Debt Tactics Hit Lenders Hard
Private equity firms are increasingly using tiered debt structures in restructuring deals, creating a class system that favors large lenders while pushing others to the back of the line with massive losses.
May 10, 20252 min read


Private Credit Surge Reshapes Corporate Borrowing Amid Tariff Tensions
Private credit nearly quadruples market share as tariffs reshape borrowing landscape; 87% of sizeable U.S. companies remain privately held.
May 9, 20252 min read


Apollo Delivers Record Q1 Fees Amid Market Volatility, Positions for "Fat Pitch" Opportunities
Apollo Global Management navigated market turbulence with confidence in Q1 2025, reporting record fee-related earnings (FRE) of $559 million (+21% YoY), spread-related earnings, and achieved record inflows of $43 billion, including $26 billion at Athene, its retirement services business. CEO Marc Rowan characterized the period as transitioning from "hyper US exceptionalism" to a more normalized market environment, where Apollo's principle of "purchase price matters" should sh
May 9, 20254 min read


Ares Earnings Results Show AUM Surpassing $0.5 Trillion as Diversified Model Proves Resilient Amid Market Volatility
Ares Management Corporation (NYSE: ARES) reported strong first quarter 2025 results with management fees up 18% year-over-year, fee-related earnings (FRE) up 22%, and after-tax realized income per share up 36% to $1.09 (beating estimates by $0.15). The company reached a significant milestone by surpassing $0.5 trillion in assets under management, reaching $546 billion (including $45 billion from the recent GCP International acquisition).
May 6, 20253 min read


Private Markets Face Perfect Storm of Allocation Pressure
According to a recent report by Goldman Sachs Asset Management, private market investors are confronting a dual challenge: public market volatility creating the "denominator effect" while limited distributions cause a "numerator effect," forcing institutional investors to reconsider allocation strategies and commitment pacing.
May 1, 20252 min read
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