Blackstone's President and COO Jon Gray warns that while current tariff-induced uncertainty creates short-term market volatility, the real transformation lies in artificial intelligence reshaping entire industries and driving unprecedented demand for data infrastructure.

Robert Hamilton Kelly, partner and global co-head of the Petershill Group at Goldman Sachs, argues that while expectations for a strong 2025 have been dampened by policy uncertainty, most private market investments target services-oriented sectors that aren't directly exposed to trade disruptions.

SEC Chairman Atkins wants to end wealth-based restrictions blocking retail investors from private market opportunities.

What's New The UK is implementing sweeping reforms to channel private market investments into domestic growth, with the Mansion House...

Harvard probe threatens to expose $13T private equity industry's questionable valuation practices affecting retirement plans nationwide.

According to Hamilton Lane's Infrastructure Market Overview 2025, global infrastructure transaction volume reached $1.16 trillion in 2024, with artificial intelligence driving unprecedented demand for data centers and power generation assets. Infrastructure now represents 6% of private markets allocation, up from just 1% in 1999, as institutional investors pivot toward essential services and energy transition opportunities.

According to PitchBook's Q1 2025 Emerging Tech Indicator, top venture capital firms deployed nearly $5 billion across just 161 deals—a 50% year-over-year drop in deal count despite robust funding levels. This marks the fewest seed and early-stage investments by elite VCs since 2020, as capital concentrates in larger rounds for AI infrastructure, health & wellness technology, and cybersecurity platforms.

David Breach, President and Chief Operating Officer of Vista Equity Partners, argues that institutional investors alone cannot provide the capital needed to fully capitalize on the AI-driven software revolution, creating an imperative for top-tier firms to expand into private wealth channels.

Private markets needs data standards as assets hit $13T - new S&P, Cambridge, Mercer partnership aims to solve fragmentation.

According to Morningstar's "The State of Semiliquid Funds 2025" report, assets in semiliquid funds surged 60% to $344 billion by end-2024, with credit overtaking real estate as the largest asset class at $188 billion. Interval funds are experiencing record launches, with 19 new funds through May 2025 already approaching 2024's record of 27 launches.

Lawrence Golub, CEO of Golub Capital and four-time consecutive Lender of the Year winner, warns that manager selection and long-term thinking will separate successful investors from those caught unprepared when the inevitable downturn arrives.

Private credit faces adjustment period as spread compression challenges returns despite ongoing capital inflows.

The private equity industry is experiencing an unprecedented liquidity crisis with distributions to LPs falling to just 11% of net asset value in 2024—a level not seen since the 2008 financial crisis—despite the absence of a recession.

Cliff Asness, founder of $100 billion quantitative giant AQR Capital Management, delivered a scathing critique of private markets during Bloomberg's Money Stuff podcast, arguing that private equity firms exploit accounting rules to create artificially smooth returns while charging excessive fees for what amounts to disguised public market exposure. In the conversation, Asness called the industry's push to include private investments in retail 401(k) plans a "terrible idea" dr

Private credit markets flash warning signs with dangerous overheating in core segments as lenders abandon due diligence, while massive growth opportunities emerge across asset-based finance, Japanese markets, and wealth democratization. Major fundraising continues with ICG targeting €10B and strategic shifts toward AI integration in PE. Industry faces tension between record expansion and quality concerns.

Private credit markets are experiencing dangerous overheating in certain segments, with some lenders abandoning basic due diligence and offering borrower-friendly terms that strip away creditor protections, creating conditions ripe for significant losses when economic cycles turn. Michael Gatto, partner and head of private side businesses at Silver Point Capital, delivered this sobering assessment during an interview on Bloomberg's The Credit Edge podcast.

The private credit industry faces a fundamental transformation as traditional corporate lending becomes saturated while a massive opportunity emerges in asset-based finance that could dwarf existing markets.

According to Harvard Business Review, private equity firms are aggressively developing systematic AI implementation strategies to accelerate value creation in portfolio companies, despite industry-wide struggles with AI returns where only 10% of large companies report significant ROI from generative AI investments.

Japan's exit from zero rates is creating the biggest private markets opportunity in Asia after 30 years of stagnation.

Private credit markets are experiencing explosive growth as traditional bank lending retreats, creating a fundamental shift in how companies access capital and investors generate returns. What started as a $2 trillion niche market serving private equity sponsors has evolved into a $30 trillion global opportunity encompassing infrastructure, real estate, and investment-grade corporate lending.