According to Hamilton Lane's latest market outlook, private credit investors remain positioned for sustained higher yields as interest rates stay elevated for longer than previously expected, dispelling concerns that the asset class's golden age may be ending. The firm's analysis reveals a significant supply-demand imbalance with a $2 trillion funding gap through 2028, supporting continued strong performance despite recent market volatility.

Defense technology venture capital investment has surged from $1 billion in 2020 to $7 billion in 2024, creating what appears to be the industry's next major theme after AI's recent dominance. However, veteran investor Alex van Someren warns that venture capital remains "one of the hardest ways to make money" and cautions against the herd mentality that periodically drives stampedes toward fashionable sectors.

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.

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

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.

Private markets face transparency scrutiny as Partners Group obscures $16B fund data with incomprehensible disclosures. Payment deferrals hit 11.4% while firms raise $9B+ across midlife co-investments, software deals & carve-outs. New student loan limits create private credit opportunities as industry navigates valuation concerns amid growth.

The venture capital industry faces a fundamental crisis where 90% of limited partners shouldn't be investing in the asset class, according to analysis showing median returns barely exceed 8% while top-quartile funds struggle to beat public market equivalents. Miles Dieffenbach, Managing Director of Investments at Carnegie Mellon University, shared this stark assessment on Harry Stebbings' 20VC podcast, drawing from his experience overseeing a $4 billion endowment.

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.

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.

CalPERS Private Equity has achieved a stunning performance turnaround, catapulting from 17th place in 2022 to the top performer among America's 30 largest public pension fund private equity programs in 2024.

Vantager launches to modernize how Limited Partners assess and act on private market fund data—delivering structure, speed, and strategic insight through AI.

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

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.

The venture capital ecosystem is grappling with fundamental questions about optimal fund sizing as emerging managers weigh the benefits of scaling operations against maintaining focused specialization strategies. The entire Screendoor team—Lisa Cawley, Layne Johnson, and Jamie Rhode—joined the Superclusters podcast to address critical questions from three emerging GPs about LP motivations, venture transparency, and scaling decisions.

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

According to PitchBook's Global Benchmarks report, private capital markets delivered a modest 0.47% return in Q1 2025, with significant divergence across asset classes as venture capital posted negative returns while private debt led performance gains.

Robert Hamilton Kelly, partner and global co-head of the Petershill Group at Goldman Sachs, argues that while expectations for a strong 2025 have been dampened by policy uncertainty, most private market investments target services-oriented sectors that aren't directly exposed to trade disruptions.

SEC Chairman Atkins wants to end wealth-based restrictions blocking retail investors from private market opportunities.

Harvard probe threatens to expose $13T private equity industry's questionable valuation practices affecting retirement plans nationwide.

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.