Must Know: Private Credit Surges as Traditional Asset Managers Struggle to Keep Pace Bottom Line:  Private credit firms are rapidly...

Jenny Johnson warns that alternatives managers have largely saturated institutional markets and are now aggressively targeting the wealth channel, creating both opportunities and risks for individual investors.

Private credit secondaries explode to $18B as liquidity crunch hits funds. Goldman invests $1B in T. Rowe for retail push. Major deals: $38B Oracle data centers, $20B Carlyle secondaries fund. Asia education boom driven by Apollo/KKR. Industry consolidation expected as 96% of managers anticipate M&A within 5 years amid regulatory pressures.Retry

Private markets face historic transformation as traditional institutional fundraising hits multi-year lows while Trump's executive order opens $12.2 trillion retirement market. Major firms like Apollo, Carlyle pivot to retail channels and evergreen funds as geographic shifts accelerate from UK tax exodus to Asia expansion.RetryClaude can make mistakes. Please double-check responses.

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.

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 wealth investors currently allocate just 3-5% to alternatives compared to 20-50% for institutions, representing a massive untapped opportunity that could reshape the entire asset management industry over the next decade. Peter Aliprantis, Partner and Head of Private Wealth Americas at EQT, argues that evergreen structures and improved investor education will drive this transformation.

Blue Owl Capital delivered a record-breaking Q2 2025 performance with $12.1 billion in equity fundraising and $284.1 billion in AUM (up 48% YoY), marking the 17th consecutive quarter of management fee and FRE growth. The alternative asset manager continues aggressive expansion through strategic acquisitions and new product launches, positioning itself at the intersection of AI infrastructure demand and private credit markets while successfully scaling institutional and privat

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.

Alan Waxman warns that the financial system faces significant overlooked risks from AI's productivity transition, citing insufficient discussion about job displacement and economic rebalancing as artificial intelligence reshapes entire industries.

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.

The private credit market is nowhere near its peak despite recent warnings from major bank executives, and is instead positioned for explosive growth that could see it reach $15 trillion within a decade—matching the size of public credit markets.

Private equity is experiencing a fundamental shift as specialized firms demonstrate that focused expertise can drive superior returns while building scalable wealth management businesses. Martina Sanow, Partner and Head of HG Wealth at the $85 billion software-focused private equity firm HG, reveals how a European specialist has built one of the continent's most successful evergreen fund strategies.

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.

The private equity industry is experiencing an unprecedented liquidity crisis with distributions to LPs falling to just 11% of net asset value in 2024—a level not seen since the 2008 financial crisis—despite the absence of a recession.

Private markets have become essential for modern portfolio construction as public companies have declined substantially over the past decade and interesting innovation increasingly happens on the private side, yet wealthy individuals remain dramatically underallocated to alternatives compared to institutions.

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

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.