Private credit tops $1.7T globally, reshaping bank competition while supporting CRE valuations—but recession risks loom.

Preqin's Global Reports 2026 forecasts private markets entering the new year with cautious optimism and resilient long-term growth prospects across all major asset classes. The research firm projects private equity AUM approaching $12 trillion and private credit reaching $4.5 trillion by 2030, while infrastructure is set to nearly triple toward $3 trillion—with Europe leading that growth trajectory despite near-term deployment challenges and elevated interest rates constraini

Goldman Sachs Asset Management's 2026 Investment Outlook reveals that private equity valuations have reached record highs at the median, while roughly 15% of private credit borrowers can't cover interest payments—signaling that manager selection and disciplined underwriting will separate winners from losers as exit activity accelerates.

Apollo Global Management's 2026 Real Estate Outlook, penned by Scott Weiner, Partner and Global Head of Real Estate Credit, declares that commercial real estate has emerged from its post-rate-shock turbulence with renewed conviction, as capital markets reopen, valuations stabilize, and AI infrastructure buildout becomes a transformative growth engine—with Barclays estimating over $2.3 trillion already committed to data centers this year and another $3 trillion expected throug

J.P. Morgan Asset Management's 8th Annual Alternative Investments Outlook 2026 declares that private markets have become essential infrastructure for modern investing, with assets under management now exceeding USD 20 trillion globally.

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.

Blackstone reported outstanding Q2 2025 results with distributable earnings of $1.6 billion ($1.21/share), up 25% year-over-year, while fee-related earnings surged 31% to $1.5 billion. Assets under management hit a record $1.2 trillion, up 13% YoY, driven by $52 billion in quarterly inflows and strong performance across private credit, infrastructure, and private wealth platforms despite a muted realization environment.

King Street Capital Management closes European Real Estate Special Situations Fund II at ~$950 million, hitting hard cap within 12 months.

According to Morningstar's "The State of Semiliquid Funds 2025" report, assets in semiliquid funds surged 60% to $344 billion by end-2024, with credit overtaking real estate as the largest asset class at $188 billion. Interval funds are experiencing record launches, with 19 new funds through May 2025 already approaching 2024's record of 27 launches.

Natixis Corporate & Investment Banking refinances 391-unit Class A multifamily property in Long Island City with $158.2M loan.

Marc Zahr, Co-President and Head of Real Estate at Blue Owl Capital, recently appeared on the Alt Goes Mainstream podcast for a live interview in Miami to discuss how his firm has transformed from a $17 million startup in 2009 to managing $64 billion in real estate assets today. Zahr identifies a massive market inefficiency: $20 trillion of property, plant and equipment sits on investment-grade companies' balance sheets as non-earning assets, creating unprecedented opportunit

Starwood Capital Group closes three private credit vehicles totaling $2.86 billion, expanding its global real estate credit business.

What's New MSCI's Q4 2024 Private Capital Benchmarks Summary reveals a private markets landscape struggling to maintain momentum, with...

EQT Real Estate closes deal to build 805 rental apartments in Flemingsberg, Stockholm, with investment of nearly EUR 150 million.

Prudent Growth Partners acquires 20,751-square-foot Whipple Bradley Plaza in Canton, Ohio for $2.73 million, expanding its retail portfolio.

Northwind Group originates $45M loan for acquisition and predevelopment of 300 East 42nd Street, set for residential conversion.

Capital Square celebrates grand opening of Maeve, a 20-story mixed-use tower in downtown Raleigh's Warehouse District opportunity zone.

Ashcroft Capital expands Orlando-area portfolio with 300-unit luxury apartment community in fast-growing Horizon West.

Goulston & Storrs expands its New York office with four new attorneys joining its Corporate, Litigation, and Real Estate Groups.

Commercial real estate recovering from 2023 correction with transaction volumes increasing, while private credit helps fill bank void.