Private credit faces a capital abundance problem with too much money chasing too few deals, compressing returns from 14.9% to 5.2%. Major themes: university endowments liquidating PE stakes at steep discounts, regulatory push for retail access, systemic risk warnings, and IRR inflation concerns.RetryClaude can make mistakes. Please double-check responses.

Private credit surged to $1T, largely bank-funded, raising systemic risk concerns as loans increasingly resemble traditional banking.

In Brief: Keith Ashton and David Ells, partners and portfolio managers at Ares Management's Alternative Credit division, joined...

Private credit has lost its edge as "undiscovered" opportunity, warns Oaktree's Howard Marks amid $1.5T market growth.

Eric Mogelof, head of Global Client Solutions at KKR, reveals how the $640 billion alternative investment giant transformed from serving only institutions to aggressively pursuing private wealth over the past five years. Speaking on the Capital Allocators podcast, Mogelof identifies a structural market shift where individual investors allocate just 2-3% to alternatives compared to institutions' 20-50%, representing trillions in potential capital flows.

In a recent Financial Times piece, Oxford professor Ludovic Phalippou mathematically dismantled private equity's favorite performance metric, revealing that Internal Rate of Return (IRR) calculations are fundamentally flawed and deliberately misleading. Major firms like KKR claim 25.5% gross IRRs since 1976, while Apollo boasts 39% gross returns—numbers that would theoretically create impossible wealth levels exceeding global GDP if actually sustained.

In Ares Management's recent "In the Gaps" webinar, Co-Heads of Alternative Credit Joel Holsinger, Keith Ashton, and Kevin Alexander discussed key trends affecting private credit markets in 2025. The panel highlighted how recent market volatility, flattening credit curves, and demographic shifts are reshaping private credit opportunities.

What's Happening SEC Chairman Paul Atkins announced plans to reconsider longstanding rules that limit retail investor access to private...

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.

Private credit continues to expand rapidly beyond institutional investors to reach retail and 401(k) markets, despite growing concerns about industry risks in the $2.2 trillion asset class.

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.

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.

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.

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.

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.

In Brief: Pooja Goyal, Partner and CIO of Carlyle's Infrastructure Group, shared her strategic approach to energy transition and...

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

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%.

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.

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