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The definitive source of private markets intelligence.
Global ECM meets with triumph and disaster in volatile first half
Global equity capital markets faced volatility in 1H25, with a strong start, April collapse, and May rebound amid macroeconomic shocks.
Jun 252 min read
Economic Contraction Signals Rough Road Ahead for PE Investors
The US economy experienced a 0.3% GDP contraction in Q1 2025, its first real decline since 2022, as trade policy uncertainty severely disrupted business planning and market confidence. According to PitchBook's "False Start" Q2 2025 Quantitative Perspectives report, the April "Liberation Day" tariff announcement has shifted the US from expected sustained growth into potentially recessionary territory.
May 172 min read
Private Capital Navigates Trade War Volatility and Allocation Squeeze | Weekly Pulse
As President Trump's tariff policies drive significant market volatility, top firms like Apollo and KKR are aggressively deploying billions while institutional investors face a perfect storm of allocation pressures from both the "denominator effect" (public market volatility) and "numerator effect" (limited distributions from existing private investments).
May 311 min read
Blue Owl Capital Earnings Results: Permanent Capital Model Proves Its Worth as Markets Face Uncertainty
Alternative asset manager Blue Owl Capital reported first quarter 2025 earnings that showcased the resilience of its permanent capital model during a period of heightened market volatility.
May 13 min read
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