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The definitive source of private markets intelligence.



Private Markets Face Growth Crossroads as 401(k) Access Opens | Weekly Pulse
Private markets face historic transformation as traditional institutional fundraising hits multi-year lows while Trump's executive order opens $12.2 trillion retirement market. Major firms like Apollo, Carlyle pivot to retail channels and evergreen funds as geographic shifts accelerate from UK tax exodus to Asia expansion.RetryClaude can make mistakes. Please double-check responses.
Aug 104 min read


TPG Declares Record Dividend as Credit Platform Reaches Inflection Point, Posting 26% Earnings Growth
TPG delivered outstanding Q2 2025 results with after-tax distributable earnings of $268 million ($0.69 per share), up 26% year-over-year, driven by record-breaking fundraising of $11.3 billion—the second highest quarter in company history.
Aug 104 min read


Carlyle Group Posts Record Q2 Earnings, Raises Guidance on Diversification Strategy
The Carlyle Group delivered record Q2 2025 Fee-Related Earnings of $323 million (up 18% YoY) and Assets Under Management of $465 billion, while announcing a leadership restructure naming three Co-Presidents. The private equity giant raised full-year FRE growth guidance to 10% from 6% as its diversification into credit and solutions businesses now generates 55% of firm-wide FRE, up from less than 30% two years ago. CEO Harvey Schwartz highlighted the firm's industry-leading ca
Aug 74 min read


Private Equity Pivots to Organic Growth Amid Market Freeze
Private equity firms are abandoning traditional value creation playbooks in favor of organic growth strategies as prolonged high interest rates and extended exit timelines force a fundamental industry transformation. According to Alvarez & Marsal's inaugural North American survey of 50 PE investors and portfolio executives, firms are implementing comprehensive operational improvements and AI-powered initiatives across portfolio companies rather than relying on multiple expans
Jul 303 min read


Private Markets Drive Toward Retirement Access While Navigating Compressed Returns and Geographic Shifts | Weekly Pulse
Private markets pivot toward retail access as Trump administration prepares 401(k) executive order for $12T retirement market. Secondary transactions hit record $103B amid exit drought. GIC signals caution on compressed private credit spreads. Major deals include Apollo's £600M dental financing, Carlyle's $250M farm loans.
Jul 264 min read


Blackstone Posts Record $1.2T AUM as Fee Earnings Surge 31% Despite Muted Dealmaking
Blackstone reported outstanding Q2 2025 results with distributable earnings of $1.6 billion ($1.21/share), up 25% year-over-year, while fee-related earnings surged 31% to $1.5 billion. Assets under management hit a record $1.2 trillion, up 13% YoY, driven by $52 billion in quarterly inflows and strong performance across private credit, infrastructure, and private wealth platforms despite a muted realization environment.
Jul 244 min read


Private Credit Prepares for Deal Surge as Market Bottleneck Eases
The private credit market is sitting on massive piles of capital while waiting for a significant backlog of deals to emerge once market volatility settles, creating what could be an explosive growth period for direct lenders.
Jul 194 min read


Yale Private Markets Investment Chief Warns of Permanent Return Decline
The private equity and venture capital industry faces a fundamental reckoning as the strategies that generated extraordinary returns over the past four decades become increasingly difficult to replicate, according to Tim Sullivan, who recently retired after overseeing Yale University's private market portfolios for 39 years. Sullivan warns that institutions must dramatically lower their return expectations as the industry has become overcrowded, overfunded, and efficiently pr
Jul 194 min read


Private Markets Embrace Policy Shifts as 401(k) Access and Regulatory Scrutiny Reshape Industry Dynamics | Weekly Pulse
Private markets face regulatory crossroads as Trump's 401(k) order promises $12.5T access while Warren scrutinizes $1.7T credit sector. Industry splits on growth outlook with Dimon warning of peaks vs. private credit leaders seeing continued expansion. Major deals include Reckitt's $4.8B sale to Advent.RetryClaude can make mistakes. Please double-check responses.
Jul 194 min read


Vantager Brings AI-Native Infrastructure to Private Market Allocators
Vantager launches to modernize how Limited Partners assess and act on private market fund data—delivering structure, speed, and strategic insight through AI.
Jul 153 min read


European PE Market Stalls as Trump Tariff Threats Disrupt Deal Flow, PitchBook Report Shows
European private equity deal value dropped 10.5% quarter-over-quarter in Q2 2025 as sponsors worldwide hit the pause button following US President Donald Trump's tariff announcements in April. According to PitchBook's European PE Breakdown, the market showed resilience in deal count, which rose 3.1% QoQ, thanks to a pickup in activity toward quarter-end as European central banks maintained monetary easing trajectories.
Jul 132 min read


Private Credit Secondaries Leader Sees Disruption Ahead
Private credit secondaries are experiencing explosive growth as the broader $1.7 trillion private credit market creates unprecedented liquidity demands, with deal flow surging from $5-7 billion five years ago to $36 billion in 2024. Rick Jain, Partner and Global Head of Private Credit at Pantheon, warns that while opportunities abound, the market faces potential disruption from mounting macroeconomic uncertainty and overconfidence in current pricing.
Jul 123 min read


Private Markets Shift to Retail as Institutional Flows Slow While Managing Risk Concerns | Weekly Pulse
Private markets pivot to retail investors as institutional capital slows, while firms push higher leverage ratios to compete. Major fundraising milestones include Haveli's record $4.5B debut fund and iCapital's $820M raise. Banks fight PE talent poaching with new policies. Global PE deal value up 18.7% to $386B in H1 despite fewer transactions.
Jul 124 min read


Private Markets Hit Mainstream as Competition Intensifies | Weekly Pulse
Private credit enters mainstream through 401(k)s as BlackRock completes $12B HPS acquisition, but industry faces capital abundance problem with too much money chasing limited deals. Major developments include Meta's $29B AI infrastructure fundraising, GTCR's record $24.25B exit, and expanding UAE private capital hub. Returns under pressure.RetryClaude can make mistakes. Please double-check responses.
Jul 44 min read


Private Markets Navigate Retail Expansion Amid Performance Scrutiny | Weekly Pulse
Private credit faces mounting challenges as the $1.7T market confronts transparency demands, liquidity pressures, and fee scrutiny. Key developments include Octagon's $33B direct lending push, BlackRock's 401(k) expansion, and PGIM's $1T merger. Industry veterans warn of market recalibration as PE distributions hit crisis lows while semi-liquid funds surge to $344B, signaling sector maturation amid growing retail access and regulatory evolution.RetryClaude can make mistakes.
Jun 284 min read


GTT Group Releases Q1 2025 Patent Transaction Market Report
GTT Group's Q1 2025 report shows 4.3% increase in Patent Market Index, reaching 121.7, while Patent Licensing Index decreased by 1%.
Jun 261 min read


BCG Study: Innovation Leaders Outperform Market, Chinese Firms Gain Ground
BCG's 19th Annual Innovation Study shows top innovators outperform the market by 2.4% annually, with Chinese firms gaining prominence.
Jun 261 min read


Recycled Base Oil Market to Reach $1.27B by 2030, Growing at 5% CAGR
Recycled base oil market growth driven by regulations, cost reduction, and technological improvements in recycling processes.
Jun 251 min read


Global ECM meets with triumph and disaster in volatile first half
Global equity capital markets faced volatility in 1H25, with a strong start, April collapse, and May rebound amid macroeconomic shocks.
Jun 252 min read


Perforating Gun Market Set for $1.83 Billion Surge by 2030 Amid Horizontal Drilling Boom
The global perforating gun market is projected to reach $1.83 billion by 2030, growing at a 5.7% CAGR from 2024-2030.
Jun 241 min read
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