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

Private equity firms race toward $12T retail market via 401(k) access as Trump admin prepares executive order. Record $260B Q1 credit fundraising amid fee transparency pressure. Vista saves $200M+ refinancing from private to public debt. KKR raises $6.5B for asset-backed deals. 85-92% investors cash out vs. rolling continuation funds.

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.

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

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.

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.

Specialist VCs drive higher valuations and faster exits but fund returns converge with generalists, reshaping investment strategies.

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.

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.

Gallant secures $18M Series B to advance off-the-shelf stem cell therapies for pets, targeting FDA approval for feline treatment.

King Street Capital Management closes European Real Estate Special Situations Fund II at ~$950 million, hitting hard cap within 12 months.

Jesse Draper's VC firm raises $30M to invest in the $7.5T Future of Family market, focusing on childcare and female-founded startups.

Capital Square Housing Trust raises $24 million through fully subscribed preferred stock offering to fund acquisitions and UPREIT transactions.

Timah Partners raises $50M to acquire and operate B2B SMEs in Southeast Asia, addressing succession issues and developing future leaders.

Phoenix Aviation Capital, managed by AIP Capital, closes $550M senior unsecured notes offering, expanding capital base and liquidity.

Pro Athlete Community raises $7.6M to expand education and career support for professional athletes transitioning out of sports.

Kiara Capital, a Miami-based VC firm, announces first close of its inaugural fund focusing on early-stage B2B fintech startups.

Sentinel Global closes $213.5M fund to invest in multi-stage enterprise technology companies focused on mission-critical performance.

Starlight Investments partners with CIBC to launch a $750M open-ended fund focused on Canadian multi-family real estate.

Starlight Investments launches open-ended Canadian Core Multi-Family Fund with $415M initial investment, targeting $750M in acquisitions.