Japan's exit from zero rates is creating the biggest private markets opportunity in Asia after 30 years of stagnation.

Private credit has exploded from a niche post-financial crisis strategy into a nearly $2 trillion asset class, but the market is rapidly diversifying beyond traditional direct lending as institutional allocators become more sophisticated and seek higher returns. Industry leaders warn that the days of simple sponsor-backed deals dominating the space are ending, with asset-based lending, evergreen fund structures, and non-sponsor opportunities creating new white space for manag

Artificial intelligence will trigger the biggest wave of defaults in private credit history as thousands of software companies fail to transform into AI-first businesses, warns Bruce Richards, CEO of Marathon Asset Management. Richards predicts that software sector default rates will triple over the next five to seven years, forcing his $24 billion credit-focused firm to halt all software lending until companies prove they can navigate the AI transition.

Private credit has emerged as the must-have alternative asset class for advisors seeking higher yields and portfolio diversification beyond traditional 60/40 allocations, yet accessing this historically institutional-only market remains challenging for most investors.

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.

BlackRock executives presented their comprehensive private markets expansion strategy at their 2025 Investor Day, outlining how the world's largest asset manager plans to double its operating income by 2030 through aggressive growth in private credit, infrastructure, and technology platforms.

John Zito, Co-President of $800 billion Apollo Global Management, reveals how his firm executed a fundamental transformation of asset management through its merger with insurance company Athene on the Invest Like the Best podcast. Speaking with host Patrick O'Shaughnessy, Zito explains that Apollo now deploys over $300 billion of its own capital alongside clients rather than simply collecting fees on third-party money, creating unprecedented alignment in an industry built on

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.

Private markets titans gathered at SuperReturn 2025 in Berlin delivered a sobering assessment of an industry grappling with what Julian Salisbury of Sixth Street Partners called "bad vintage assets" that have created systemic "indigestion" throughout the market.

Michael Schad, Partner and Head of Credit Secondaries at Coller Capital, sat down with Fund Shack at SuperReturn Berlin to discuss the explosive growth potential of private credit secondaries. Schad argues that the shift from bank lending to private fund lending represents a secular trend that could eventually make credit secondaries larger than private equity secondaries.

Jacob Miller, co-founder and Chief Solutions Officer at Opto Investments and former Bridgewater Associates investor, warns that private markets face a fundamental shift as three massive 40-year economic tailwinds are reversing course.

A team of leading economists from Moody's Analytics, the SEC, and Harvard Kennedy School has released groundbreaking research revealing that private credit markets have evolved into a significant systemic risk to the financial system.

Kipp deVeer, co-president of Ares Management, joined Ted Seides on Capital Allocators to discuss the seismic shift occurring as private wealth enters the alternatives market previously dominated by institutions.

The three largest players in private equity—Blackstone, Apollo, and KKR—are pursuing dramatically different business models after decades of similar strategies, according to the Financial Times. While all three firms dominated the industry using comparable approaches through 2020, the post-pandemic era has revealed sharp strategic divergences that could determine their resilience during market downturns.

Private equity dealmaking lost significant steam in the second quarter of 2025 after tariff policy announcements triggered widespread market volatility. According to Bain & Company's Private Equity Midyear Report 2025, deal values in April dropped 24% below Q1 monthly averages while deal counts fell 22%, with the IPO market essentially shutting down as companies like Klarna paused public offering plans amid trade uncertainty.

According to S&P Global Ratings' latest scenario analysis, private credit portfolios face mounting pressure from the Trump administration's tariff policies, with at least 10% of middle-market companies directly vulnerable to trade disruptions. While the immediate impact may be contained due to the sector's domestic focus, second-order effects including sustained inflation, weakened consumer spending, and market volatility could create significant challenges for highly leverag

Savina Rizova, co-chief investment officer and global head of research at $790 billion Dimensional Fund Advisors, delivered a sobering assessment of private credit during her appearance on Bloomberg's The Credit Edge podcast.

Apollo partners with major banks to trade private credit, potentially blurring public-private lines. $5B+ mega-deals dominate as Blackstone buys NYC pension stakes, India sees record $3.4B credit deal. UK mandates pension private allocation while ECB intensifies oversight. PE faces exit crisis with 12K portfolio companies stuck, distributions down 70%. Shadow banking hits $1T as retail access expands amid regulatory debates.RetryClaude can make mistakes. Please double-check r

Insurance giants pivot 62% into private assets as inflation fears drive $14T sector away from traditional investments toward illiquid markets.