The distinction between public and private markets—liquid vs. illiquid, transparent vs. opaque, accessible vs. exclusive—collapsed in 2025. Apollo's Scott Kleinman called it "irreversible." Goldman Sachs' Marc Nachmann described a "continuum" replacing the old binary. J.P. Morgan declared private markets "essential infrastructure." Infrastructure to trade private assets like public securities is now being built. Retail investors are gaining access to asset classes once reserv

What's New Carta's 2025 survey of 100 senior investment professionals reveals that 92% of funds of funds report GP data issues have negatively impacted their investment decisions or reporting obligations, with 41% saying it always affects their decision-making. The findings expose a systemic breakdown in private markets data infrastructure as AUM has grown 20-fold since 2000 to reach $22 trillion. Why It Matters These data failures aren't just operational headaches—they're th

Dominick Carlino, PGIM's Global Head of Alternative Investments, articulates how the convergence of insurance, asset management, and wealth distribution creates competitive advantages in an increasingly crowded marketplace where over 300 evergreen funds compete for shelf space and firms race to build or acquire private markets capabilities.

The insurance industry is undergoing a fundamental transformation as insurers increasingly leverage their balance sheets to invest in private markets, fundamentally changing the relationship between asset managers and insurance companies. Phil Waldeck, PGIM's Head of Multi-Asset and Quantitative Solutions overseeing nearly $140 billion in AUM, brings a unique perspective.

In Brief: Private capital assets are projected to surge from $13 trillion to over $30 trillion in the next five years, fundamentally...

In Brief: The private equity industry faces unprecedented complexity as multiple independent factors—higher interest rates, fractured...

Apollo Global Management identifies a massive shift underway in fixed income markets, predicting that private credit will expand from $1.5 trillion to $40 trillion by decade's end as institutional investors seek yield beyond traditional public markets.

AI will transform private markets like Bloomberg did bonds—operational efficiency today, new investment strategies tomorrow.

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 markets' spreadsheet-based infrastructure will be fully automated by AI within years, not decades.

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.

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.

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.

The venture capital ecosystem is grappling with fundamental questions about optimal fund sizing as emerging managers weigh the benefits of scaling operations against maintaining focused specialization strategies. The entire Screendoor team—Lisa Cawley, Layne Johnson, and Jamie Rhode—joined the Superclusters podcast to address critical questions from three emerging GPs about LP motivations, venture transparency, and scaling decisions.

Private markets needs data standards as assets hit $13T - new S&P, Cambridge, Mercer partnership aims to solve fragmentation.

Private credit faces adjustment period as spread compression challenges returns despite ongoing capital inflows.

GoDocs and AVANA CUSO partner to streamline loan processes, reducing legal fees by 75% and improving operational efficiency.

USG Water Solutions completes strategic refinancing to strengthen its financial position and expand services to water municipalities nationwide.

Pasadena Private Lending reaches $300M loan milestone, showcasing commitment to entrepreneurial growth and long-term partnerships.

Mechanix Wear, backed by Gryphon Investors, acquires Kinco, a 50-year-old family-owned glove maker, to expand product portfolio.