Private equity's continuation fund market is experiencing explosive growth, with these vehicles now representing 13% of global PE exits in 2024, up from just 5% in 2021, according to investment bank Jefferies data reported by The Wall Street Journal. However, industry experts warn that as firms increasingly use these tools to extend asset ownership and provide liquidity to cash-starved investors, the real test lies not just in providing liquidity but in maintaining asset qual

Cliff Asness, founder of $100 billion quantitative giant AQR Capital Management, delivered a scathing critique of private markets during Bloomberg's Money Stuff podcast, arguing that private equity firms exploit accounting rules to create artificially smooth returns while charging excessive fees for what amounts to disguised public market exposure. In the conversation, Asness called the industry's push to include private investments in retail 401(k) plans a "terrible idea" dr

Callan's study reveals average investment management fees of 40 basis points, with asset allocation driving total fund costs.

EQT AB's annual meeting approves dividend, board elections, and share-related authorizations for the private equity firm.

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.

BlackRock reported strong Q1 2025 financial results with private markets emerging as a key growth engine, generating $7.1 billion in net inflows and contributing significantly to the firm's 6% organic base fee growth, according to the company's earnings call and quarterly report.

Private equity's era of "riding the wave" is over. Structural changes demand strategic focus to navigate compressed margins

Private markets set for 90% growth over next decade despite slowing fundraising as institutional allocations approach natural ceiling.

Wisconsin, Texas, NYC CIOs discuss how Private equity returns will moderate as co-investments and fee pressure grow amid volatile markets.

Private equity rebounds in dealmaking but faces structural shifts as retail money and sovereign wealth reshape competition for deals.

ILPA has introduced new standardized templates for private equity firms to report their performance and fees.

A coalition of major U.S. pension funds is making a fresh push to require PE firms to provide more detailed information about fees.