The distinction between public and private markets—liquid vs. illiquid, transparent vs. opaque, accessible vs. exclusive—collapsed in 2025. Apollo's Scott Kleinman called it "irreversible." Goldman Sachs' Marc Nachmann described a "continuum" replacing the old binary. J.P. Morgan declared private markets "essential infrastructure." Infrastructure to trade private assets like public securities is now being built. Retail investors are gaining access to asset classes once reserv

ING built Europe's largest evergreen alternatives platform by treating private markets as "slow money" requiring human-centric design.

In a recent Alt Goes Mainstream The DNA podcast interview, Ken Wong—Partner and Head of Asia Pacific Infrastructure at EQT—makes the case that applying private equity operational playbooks to infrastructure assets in developed Asia generates equity-like returns in a market that remains dramatically underpenetrated relative to Western counterparts.

What's New According to iCapital Chairman and CEO Lawrence Calcano in a recent episode of the Alts Pulse podcast , Asia has emerged as the firm's largest international market with $18 billion in assets under management, surpassing Europe ($12B), Canada ($7B+), and Latin America ($5B). The platform has opened new offices in Tokyo and Australia within the past year, signaling aggressive expansion as wealth channels worldwide accelerate adoption of alternative investments. Why I

According to Goldman Sachs Asset Management's 2025 Alternatives Summit, corporate M&A volumes in 2025 are expected to match 2021 levels, with IPO markets showing significant recovery despite earlier tariff impacts. The October gathering brought together leaders including former Treasury Secretary Steven Mnuchin and former UK Prime Minister Rishi Sunak, who delivered a stark warning that the next decade will be "the most dangerous and transformational of our lifetime."

As U.S. federal and state debt levels climb and institutional investors seek inflation-protected, long-duration assets, infrastructure has emerged as one of private markets' fastest-growing categories—yet the massive opportunity to privatize government-owned assets remains largely untapped.

Private equity value creation is experiencing its most significant transformation in decades as artificial intelligence shifts from efficiency tool to fundamental business reinvention. Chris Kindt, Partner and Head of Value Creation at Hg, warns that companies failing to embrace "AI-first" culture risk falling on the wrong side of disruption as agentic AI delivers 10-20x efficiency gains in core functions.

Artificial intelligence infrastructure will require over $7 trillion in capital investment over the next decade—nearly ten times the $800 billion spent on internet fiber buildout—but grid capacity shortages rather than capital availability now threaten to constrain AI adoption, forcing a fundamental geographic inversion where training workloads move to remote power sources while inference demands urban proximity.

Asset managers acquire $1T in insurance products, transforming from episodic fundraising to permanent capital with lower valuations.

What's New McKinsey's recent report reveals that as global demand for military and commercial vessels surges past available supply,...

European PE adapts to geopolitical tensions with smaller deals while fundraising stays robust, especially in middle-market and growth segments. RetryClaude does not have internet access. Links provided may not be accurate or up to date.Claude can make mistakes. Please double-check responses.

President Trump's America First Trade Policy and Fair and Reciprocal Plan could impose significant new tariffs beginning April 2, with China

Private Markets Pulse: PE Stocks Plunge 15% as Tariffs Shock Markets, While BlackRock's 50/30/20 Model Aims to Unlock $50T in Private Assets

Private credit's $2.3T market boom combines illiquid assets with retail investors, creating hidden risks in an untested asset class.

Private assets becoming available to retail investors via funds. Risks include low liquidity & disclosure. Private credit more common than e

Innovative "semi-liquid" fund structures are revolutionizing private market access for wealth management investors.

Neuberger Berman sees 5 major shifts coming in 2025

Macquarie Asset Management's 2025 outlook projects a constructive investment environment marked by falling interest rates and ro

KKR's Henry McVey delivers a nuanced "Glass Half Full" outlook for 2025, predicting continued but uneven global growth amid unpr

The return of Donald Trump to the White House in 2025 is poised to dramatically reshape global markets.