KKR & Co. Inc. (NYSE: KKR) reported its first quarter 2025 financial results, showing growth across key metrics and announcing a $2.6 billion mandatory convertible preferred stock offering.

Apollo announced the successful closing of its first equity secondaries fund at $5.4 billion, exceeding its target, according to a press release and Bloomberg's reporting. The fund represents Apollo's expansion into secondhand private equity deals as liquidity challenges mount in private markets.

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.

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.

What's happening:   Invesco and MassMutual's Barings subsidiary are forming a new strategic product and distribution partnership ...

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

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.

Private Equity Firms Shift to Survival Mode as Exits Stall

Joel Holsinger, Partner and Portfolio Manager at Ares Management where he co-heads the $40+ billion alternative credit division, shared insights on the S&P Global podcast about the rapidly evolving alternative credit landscape.

Todd Owens, co-founder of Cantilever Group and 30-year finance veteran, discusses the evolution of GP Stakes investing in alternative asset management during a live podcast with Alt Goes Mainstream host Michael Sidgmore. His firm focuses on middle-market asset managers ($50-500M enterprise value), where he sees significant growth opportunities despite industry consolidation. Owens explains how the GP Stakes market has transformed from nonexistent 20 years ago to a legitimate

EQT AB, the global private markets firm, reported a robust Q1 2025 with fee-generating AUM growing to €142 billion (up 7.6% YoY), driven by successful fundraising with Infrastructure VI hitting its €21.5 billion hard cap and BPEA IX securing over $10 billion in commitments. Despite executing €4 billion in both investments and exits during the quarter, management cautioned that market volatility and 90-day tariff negotiations will likely depress exit activity for the remainder