Private markets have become essential for modern portfolio construction as public companies have declined substantially over the past decade and interesting innovation increasingly happens on the private side, yet wealthy individuals remain dramatically underallocated to alternatives compared to institutions.

Private credit has exploded from a niche post-financial crisis strategy into a nearly $2 trillion asset class, but the market is rapidly diversifying beyond traditional direct lending as institutional allocators become more sophisticated and seek higher returns. Industry leaders warn that the days of simple sponsor-backed deals dominating the space are ending, with asset-based lending, evergreen fund structures, and non-sponsor opportunities creating new white space for manag

Artificial intelligence will trigger the biggest wave of defaults in private credit history as thousands of software companies fail to transform into AI-first businesses, warns Bruce Richards, CEO of Marathon Asset Management. Richards predicts that software sector default rates will triple over the next five to seven years, forcing his $24 billion credit-focused firm to halt all software lending until companies prove they can navigate the AI transition.

Private credit has emerged as the must-have alternative asset class for advisors seeking higher yields and portfolio diversification beyond traditional 60/40 allocations, yet accessing this historically institutional-only market remains challenging for most investors.

Josh Koplewicz, managing partner of Thayer Street Partners, appeared on Capital Allocators to discuss his boutique private equity firm's unique positioning in an increasingly underserved market segment. Speaking with host Ted Seides, Koplewicz identified a critical funding void emerging in the $5-50 million capital market as massive private credit firms consolidate around larger deals while smaller banks retreat post-SVB collapse.

Private markets face unprecedented challenges as State Street data shows PE underperformed public stocks across all timeframes for first time since 2000, while DoubleLine's Gundlach warns of CDO-like euphoria. Major firms pivot to Europe expansion amid frozen IPO markets, distressed opportunities in France, and growing retail access concerns. BlackRock targets $400B fundraising by 2030 as industry grapples with exit backlogs and liquidity mismatches threatening institutional

DoubleLine Group CEO Jeffrey Gundlach, one of Wall Street's most respected bond managers, delivered stark warnings about private credit markets during Bloomberg's Global Credit Forum in Los Angeles. Speaking with Lisa Abramowicz, Gundlach drew direct parallels between today's private credit boom and the collateralized debt obligation (CDO) mania that preceded the 2008 financial crisis.

In Brief: Bryan Armour, director of ETF and passive strategies research for North America at Morningstar Research Services, discussed...

BlackRock executives presented their comprehensive private markets expansion strategy at their 2025 Investor Day, outlining how the world's largest asset manager plans to double its operating income by 2030 through aggressive growth in private credit, infrastructure, and technology platforms.

Marc Zahr, Co-President and Head of Real Estate at Blue Owl Capital, recently appeared on the Alt Goes Mainstream podcast for a live interview in Miami to discuss how his firm has transformed from a $17 million startup in 2009 to managing $64 billion in real estate assets today. Zahr identifies a massive market inefficiency: $20 trillion of property, plant and equipment sits on investment-grade companies' balance sheets as non-earning assets, creating unprecedented opportunit

Moody's Ratings released a recent comprehensive analysis warning that the accelerating influx of retail investor capital into private markets represents both a massive growth opportunity and a significant systemic risk.

Scott Kleinman, Co-President of Apollo Asset Management, spoke to the Money Maze Podcast from New York about what he calls the "irreversible convergence" of public and private markets.

Lincoln Financial CIO Jayson Bronchetti explains how insurance companies' patient capital and distribution networks are democratizing private markets for mainstream investors through strategic partnerships with firms like Bain Capital and Partners Group.RetryClaude can make mistakes. Please double-check responses.

John Zito, Co-President of $800 billion Apollo Global Management, reveals how his firm executed a fundamental transformation of asset management through its merger with insurance company Athene on the Invest Like the Best podcast. Speaking with host Patrick O'Shaughnessy, Zito explains that Apollo now deploys over $300 billion of its own capital alongside clients rather than simply collecting fees on third-party money, creating unprecedented alignment in an industry built on

State Street's fourth annual Private Markets Study, led by Global Head of Alternatives Scott Carpenter, reveals a seismic shift in how institutional investors view the future of private markets.

Private markets face a critical inflection point with rating controversies exposing hidden risks, 30,000 unsold PE companies creating exit backlogs, and industry leaders warning the sector has "lost its way." Yet opportunities emerge through European expansion, AI infrastructure needs, and wealth democratization as regulators push to eliminate accredited investor barriers—reshaping the industry's future.RetryClaude can make mistakes. Please double-check responses.

Private markets titans gathered at SuperReturn 2025 in Berlin delivered a sobering assessment of an industry grappling with what Julian Salisbury of Sixth Street Partners called "bad vintage assets" that have created systemic "indigestion" throughout the market.

SEC Commissioner Hester Peirce delivered a forceful call for dismantling barriers that exclude retail investors from private markets, going so far as to advocate for complete "elimination of the accredited investor standard."

José Luis González Pastor, Managing Director at Neuberger Berman covering private markets and co-investments, spoke on that Fund Shack podcast from the SuperReturn Conference in Berlin about the current state of private equity in 2025. González Pastor identifies a significant liquidity crunch gripping private markets, with deal-making activity stalling due to political and macroeconomic uncertainty despite initial optimism for 2025.

Michael Schad, Partner and Head of Credit Secondaries at Coller Capital, sat down with Fund Shack at SuperReturn Berlin to discuss the explosive growth potential of private credit secondaries. Schad argues that the shift from bank lending to private fund lending represents a secular trend that could eventually make credit secondaries larger than private equity secondaries.