US tariff surge to 100-year high disrupts private markets recovery as exit drought persists despite macro support.

UK private capital adapts to exit constraints with US investment surge and secondary market growth reshaping liquidity strategies.

Private credit secondaries explode to $18B as liquidity crunch hits funds. Goldman invests $1B in T. Rowe for retail push. Major deals: $38B Oracle data centers, $20B Carlyle secondaries fund. Asia education boom driven by Apollo/KKR. Industry consolidation expected as 96% of managers anticipate M&A within 5 years amid regulatory pressures.Retry

Private credit's $3 trillion market faces first major test as discipline separates winners from losers in maturing cycle.

Infrastructure investing has evolved beyond passive ownership to require operational intensity and network-building capabilities.

AI will transform private markets like Bloomberg did bonds—operational efficiency today, new investment strategies tomorrow.

Wealthy Americans drove record $48B into private credit in H1 2025, offsetting institutional pullback. Major deals included Thoma Bravo's $2.7B Verint financing & Apollo's $3.5B Aspen exit. TPG faced healthcare scrutiny while regulators tightened oversight globally. Venture debt hit $53B record as firms target mature companies amid prolonged private periods.

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

What's New According to PitchBook's Q2 2025 US Public PE and GP Deal Roundup , major private equity firms deployed $21 billion in...

Private equity firms are facing mounting evidence that their healthcare investments prioritize profits over patients, with new investigations revealing dangerous practices at hospitals from Massachusetts to Pakistan.

According to PitchBook's Q2 2025 European VC Valuations Report, median venture capital valuations across Europe continued climbing in the first half of 2025, with Series E+ companies reaching €1.2 billion for the first time since 2022. The value-over-volume dynamic persisted as deal counts remained flat while median deal sizes and valuations grew across most funding series, though volatility in financial markets and geopolitical tensions created uncertainty for the second hal

Private equity faces historic crisis: 30,000+ portfolio companies need 8 years to exit at current pace. Despite $29B Meta deal & $10B Warburg returns, PE stocks trail S&P 500 as LP pressure mounts. Exit drought drives "private for longer" revolution via continuation vehicles. Critics warn retail 401(k) access inappropriate amid inventory bottleneck.

The private equity secondary market shattered records in 2024, reaching $160 billion in transaction volume as limited partners and general partners turned to alternative liquidity solutions amid a prolonged distribution drought. According to StepStone Group's August 2025 report, the first half of 2025 has already seen $102 billion in transactions, putting the market on track to break last year's record again.

Morningstar CEO Kunal Kapoor, speaking at the 2025 Morningstar Investment Conference in Chicago, outlined how his firm is responding to this fundamental shift by extending its analytical framework to cover private investments.

Alaska's $85B fund CIO warns private market premiums have vanished as valuations soar beyond historical norms.

Private markets' spreadsheet-based infrastructure will be fully automated by AI within years, not decades.

The energy transition sector has evolved from a high-risk merchant market to a predictable fee-generating opportunity, creating what could be a decade-long investment window before large infrastructure players drive down returns to uninvestable levels. Chris Rozzell, managing partner at Cresta Fund Management, brings a rare founder-operator perspective to middle-market private equity, having grown Regency Energy Partners from $100 million to multi-billion dollar enterprise va

Jamie Rhode, Partner at Screendoor, a venture fund-of-funds that exclusively backs institutional-grade emerging managers, joined Balentic CEO Kasper Wichmann on Balentic Edge to discuss why traditional LP thinking about early-stage venture is fundamentally flawed.

Todd Abbrecht, Co-CEO of THL Partners, argues that the industry's future success depends on deep domain expertise and integrated operational capabilities rather than deal-making prowess alone.

Ramtin Naimi, founder of Abstract Ventures, argues that traditional seed funds are largely delusional about their deal flow advantages and that multi-stage tier-one firms consistently outperform at seed investing.