Private market assets grew at an 11.1% compound annual growth rate from 2014 to 2024, far outpacing the broader asset management industry's 6.5% growth, according to BCG's Global Asset Management Report 2025. Semi-liquid funds have grown fivefold to over $300 billion since 2020, as asset managers race to package private investments for retail clients who control 48% of global assets.

Jeff Collins, Managing Partner at Cloverlay, joined S&P Global's Private Markets 360° podcast to discuss his firm's distinctive investment approach in "adjacent private markets." Established nine years ago, Cloverlay focuses exclusively on uncorrelated niche assets that exist in the spaces between traditional private equity categories. Collins explained how his 16-person team targets overlooked or misunderstood assets.

As private credit faces cash flow pressures and valuation questions, interconnections with banks create growing systemic risks in an increasingly fragile financial landscape.

On the Insurance AUM podcast, MetLife Investment Management experts Poorvi Dholakia and Paul Carroll shared insights on private structured credit (also called private ABF or Asset-Based Finance), highlighting why it's becoming a critical asset class for insurance portfolios.

Toby True, partner on the Investment Strategy and Risk Management Team at Adams Street Partners, shares insights on building effective private market portfolios for insurers in a podcast with Stewart Foley of InsuranceAUM.com.

Enterprise software firms that embrace AI quickly will deliver exponential ROI, while those slow to transform "will not have a right to exist," warns Vista CEO.

In Brief: Alisa Wood, KKR partner and co-CEO of KKR Private Equity Conglomerate LLC, discusses the firm's pioneering work in evergreen...

🔥 Must Know: Elite Universities Shed Private Equity Stakes Amid Funding Pressures Harvard and Yale are seeking to sell billions in...

Private equity research has a significant blind spot. When studying PE-owned companies, researchers typically track operating entities rather than the consolidated acquisition vehicles through which PE firms actually control their portfolios. This methodological error leads to dramatic underestimation of both the positive effects (faster growth) and negative consequences (higher leverage, steeper profitability declines) of PE ownership.

Summa Equity's founder Reynir Indahl reveals how his firm's thematic investing approach - focused on resource efficiency and tech-enabled transformation - is delivering superior returns while tackling environmental challenges. According to McKinsey's interview, Summa has built one of Europe's largest impact funds by targeting companies aligned with solving global problems rather than isolated industry sectors.

According to Aksia's April 2025 Private Credit Market Overview presented to the Nebraska Investment Council, private credit funds achieved record annual returns of 15.2% in 2023, while fundraising has rebounded dramatically with a 37% compound annual growth rate since 2023, significantly outpacing both private equity and real assets.

David Gross, co-managing partner of Bain Capital ($185B AUM), shared his perspective on global investment opportunities with Goldman Sachs' Allison Mass. Speaking from his background as a founder of Bain's Asia business, Gross outlined why the firm remains bullish on the US economy, Japan's maturing buyout market, and selected European opportunities despite macroeconomic uncertainty.

In a recent Goldman Sachs Exchanges interview, James Reynolds, Global Co-Head of Private Credit at Goldman Sachs Asset Management, and Lotfi Karoui, Chief Credit Strategist, discussed the explosive growth of private credit from under $100 billion in 2010 to approximately $2.1 trillion today. Despite current market volatility and recession fears, both experts argued that private credit remains resilient due to structural advantages like flexibility, certainty for borrowers, an

Jeffrey Perlman, CEO of Warburg Pincus, sat down with Goldman Sachs' Allison Mass to discuss the state of private equity amid rising interest rates and geopolitical tensions. In the interview, Perlman, who took the helm of the $90 billion asset manager in September 2024, emphasized how diversification has helped the firm navigate challenging markets. Unlike many competitors struggling with distributions, Warburg Pincus has returned 50% more capital than it invested over the p

Asia-Pacific private equity markets showed tentative recovery signs in 2024, with deal value increasing 11% while fundraising plunged to a 10-year low, according to Bain & Company's Asia-Pacific Private Equity Report 2025. India emerged as the region's star performer, recording double-digit growth in both deal value and count.

Howard Sharp, Chairman and Co-Head of Direct Lending at Alcentra, shared insights on the European private credit landscape. Sharp highlighted how the market has evolved following the 2022 interest rate increases, which caused a 40% drop in mid-market activity. He sees positive signs for 2025, noting increasing market segmentation.

OpenAI's massive $40 billion financing helped push Q1 2025 venture capital investment to $91.5 billion across an estimated 3,990 deals, according to PitchBook-NVCA's Venture Monitor Q1 2025 report. This represents an 18.5% quarterly increase in deal value, reaching the highest level since Q1 2022, despite ongoing market uncertainty.

PitchBook's Q1 2025 US PE Breakdown reveals robust dealmaking despite growing economic concerns, with Q1 deal value reaching $259.7 billion, up 24.6% QoQ and 36.1% YoY. Deal count remained steady at 2,263, though exits are struggling to keep pace with the massive backlog of 3,800 PE-backed companies awaiting liquidity.

Private Equity Firms Shift to Survival Mode as Exits Stall

According to the Financial Conduct Authority's recent multi-firm review of private market valuation practices, while many firms demonstrate good practices, significant gaps remain in conflict management, independence, and handling of ad hoc valuations during market disruptions.