Private markets face unprecedented challenges as State Street data shows PE underperformed public stocks across all timeframes for first time since 2000, while DoubleLine's Gundlach warns of CDO-like euphoria. Major firms pivot to Europe expansion amid frozen IPO markets, distressed opportunities in France, and growing retail access concerns. BlackRock targets $400B fundraising by 2030 as industry grapples with exit backlogs and liquidity mismatches threatening institutional

DoubleLine Group CEO Jeffrey Gundlach, one of Wall Street's most respected bond managers, delivered stark warnings about private credit markets during Bloomberg's Global Credit Forum in Los Angeles. Speaking with Lisa Abramowicz, Gundlach drew direct parallels between today's private credit boom and the collateralized debt obligation (CDO) mania that preceded the 2008 financial crisis.

In Brief: Bryan Armour, director of ETF and passive strategies research for North America at Morningstar Research Services, discussed...

Private markets face a critical inflection point with rating controversies exposing hidden risks, 30,000 unsold PE companies creating exit backlogs, and industry leaders warning the sector has "lost its way." Yet opportunities emerge through European expansion, AI infrastructure needs, and wealth democratization as regulators push to eliminate accredited investor barriers—reshaping the industry's future.RetryClaude can make mistakes. Please double-check responses.

Steve Klinsky, founder and CEO of New Mountain Capital, sat down for an extensive interview about his 44-year journey in private equity, from co-founding Goldman Sachs' first buyout group in 1981 to building New Mountain into a $55 billion alternative asset manager. Klinsky, who witnessed the industry grow from 20 firms managing $1 billion to 5,000 firms managing $5 trillion, argues that private equity has evolved from a financing mechanism into a sophisticated business-build

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.

Firsthand Technology Value Fund reports Q1 2025 results with total assets down to $1.49B and NAV per share declining to $0.12.

TriplePoint Private Venture Credit reports Q1 2025 results with total assets of $426.35M, NAV per share at $10.73, down from $11.11 in Q4 2024.

Guggenheim Credit Income Fund 2019 reports Q1 2025 results with total assets down to $1.59B and NAV per share at $0.85.

Guggenheim Credit Income Fund reports Q1 2025 results with total assets down to $4.30B and NAV per share decreased to $0.25.

Guggenheim Credit Income Fund reports Q1 2025 results with total assets down to $7.18M and net asset value per share at $0.24.

NexPoint Capital reports Q1 2025 results with total assets of $45.01M, down 3.4% from Q4 2024. NAV per share decreased to $4.99.

Star Mountain Lower Middle-Market Capital Corp reports Q1 2025 results with total assets of $391.38M and NAV per share of $24.55.

Princeton Capital reports Q1 2025 results with total assets down to $19.37M and NAV per share declining to $0.158 from $0.175 last quarter.

T Series Middle Market Loan Fund reports Q1 2025 results with assets up to $2.12B, NAV per share at $18.76, and increased investments.

Kennedy Lewis Capital Co reports Q1 2025 results with total assets up to $907M, NAV per share at $20.07, and increased investments at fair value.

Muzinich BDC reports Q1 2025 results with assets up to $290.75M, NAV per share at $1039.74, and increased net investment income.

TCW Direct Lending VII LLC reports Q1 2025 results with total assets of $1.14B, NAV per share at $49.38, and decreased incentive fees payable.

Brightwood Capital Corp I reports Q1 2025 results with total assets up 4.4% to $844.6M and NAV per share increasing to $10.63.

New Mountain Guardian IV BDC reports Q1 2025 results with net income up to $19.45M and increased borrowings from credit facilities.