What's New According to PitchBook's Q2 2025 US Public PE and GP Deal Roundup , major private equity firms deployed $21 billion in...

Private equity firms are facing mounting evidence that their healthcare investments prioritize profits over patients, with new investigations revealing dangerous practices at hospitals from Massachusetts to Pakistan.

Private equity faces historic crisis: 30,000+ portfolio companies need 8 years to exit at current pace. Despite $29B Meta deal & $10B Warburg returns, PE stocks trail S&P 500 as LP pressure mounts. Exit drought drives "private for longer" revolution via continuation vehicles. Critics warn retail 401(k) access inappropriate amid inventory bottleneck.

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.

The energy transition sector has evolved from a high-risk merchant market to a predictable fee-generating opportunity, creating what could be a decade-long investment window before large infrastructure players drive down returns to uninvestable levels. Chris Rozzell, managing partner at Cresta Fund Management, brings a rare founder-operator perspective to middle-market private equity, having grown Regency Energy Partners from $100 million to multi-billion dollar enterprise va

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 are experiencing a "quarter of adjustment" with higher tariffs, lower interest rates, and increased policy clarity driving renewed activity. According to Partners Group's Q3 2025 Private Markets Chartbook, deal volumes are rebounding from 2024 lows as trade negotiations provide greater economic certainty and Federal Reserve rate cuts support portfolio company financing costs.

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 is undergoing a fundamental transformation as firms abandon traditional stage-focused investing in favor of comprehensive software investment platforms that can deploy capital from Series A through full buyouts. Deven Parekh, Managing Director at Insight Partners, argues this "stage agnostic" approach provides superior market intelligence and better outcomes for both entrepreneurs and investors.

Global private equity fundraising is on track for its weakest year since 2020 — and lowest fund count in over a decade — with just $224.9B raised across 248 vehicles by midyear, according to KPMG’s Pulse of Private Equity Q2’25. The slowdown reflects muted exit activity in recent years, as GPs struggle to return capital to LPs and face tougher fundraising conditions.

What’s New Private equity is making billion-dollar bets on the backbone of artificial intelligence — from hyperscale data centers to...

Private equity firms are leaning heavily on continuation vehicles (CVs) in 2025 to hold onto high-quality assets longer, according to KPMG’s Pulse of Private Equity Q2’25. With exit markets weak — particularly for IPOs and secondary buyouts — GPs are opting to roll prized portfolio companies into new funds rather than sell at a discount. LPs, however, are pushing back over valuation transparency and the risk of “stranded” assets.

Global private equity dealmaking plunged in Q2 2025, with total announced investment dropping to $363.7B across 3,769 deals, the lowest volume since Q3 2020, according to KPMG’s Pulse of Private Equity Q2’25. The slowdown was most pronounced in Asia and the Americas, as investors delayed deals pending clarity on U.S. tariff policies — despite blockbuster U.S. transactions like Blackstone’s $11.5B TXNM Energy buyout.

Apollo Global Management delivered blockbuster Q2 2025 results with record $627 million in fee-related earnings (22% YoY growth), driven by unprecedented $81 billion in originations and $61 billion in inflows. The alternative asset manager demonstrated the full power of its origination-to-deployment flywheel, achieving record AUM of $840 billion while maintaining robust 350bp spreads over treasuries despite market compression, positioning for accelerated growth.

According to S&P Global Market Intelligence's 2025 US Insurance Investments Market Report, life insurers accelerated their shift toward alternative investments in 2024, with other long-term invested assets and mortgage loans each gaining portfolio share for the fourth consecutive year.

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.

Ares Management Corporation posted second-quarter results that demonstrated resilience amid market disruption, delivering record quarterly fundraising of $26.2 billion and assets under management growth to $572 billion. The alternative investment manager navigated tariff-related volatility that temporarily slowed transaction activity in April and May while successfully integrating its GCP International acquisition, which contributed $103 million in revenues during its first f

Private equity firms are abandoning traditional value creation playbooks in favor of organic growth strategies as prolonged high interest rates and extended exit timelines force a fundamental industry transformation. According to Alvarez & Marsal's inaugural North American survey of 50 PE investors and portfolio executives, firms are implementing comprehensive operational improvements and AI-powered initiatives across portfolio companies rather than relying on multiple expans

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.