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Outlooks
Infrastructure Poised for Continued Outperformance as AI and Decarbonization Drive Multi Year Capex Cycle | ClearBridge Outlook
ClearBridge Investments' 2026 infrastructure outlook highlights that listed infrastructure is benefiting from a convergence of structural tailwinds—AI driven power demand, decarbonization mandates, and aging network replacement—creating what the firm describes as unprecedented regulated earnings growth with visibility extending 7 to 10 years.
Private Credit Hits $3.5T as Sector Faces First Real Stress Test
Private credit hits $3.5T but faces first stress test in 16 years as defaults rise and manager selectivity becomes critical.
Healthcare PE Hits Record $191B in 2025 Deal Value | Bain Outlook
What's New Bain & Company's Global Healthcare Private Equity Report 2026 reveals that global healthcare private equity delivered a record-breaking performance in 2025, with disclosed deal value exceeding an estimated $191 billion—surpassing the previous high set in 2021—while deal volume hit 445 buyouts, marking the second-highest annual total on record despite a second-quarter tariff-related pause. Why It Matters The record performance signals sustained investor confidenc
Private Credit Reshapes Banking as Market Tops $1.7 Trillion | S&P Global Outlook
Private credit tops $1.7T globally, reshaping bank competition while supporting CRE valuations—but recession risks loom.
Secondaries and CRE Debt Lead Private Markets in 2026 | Franklin Templeton Outlook
Secondaries, CRE debt, and infrastructure emerge as top picks as valuations reset and manager selection becomes critical.
Sentiment
2025 Public-Private Convergence Year in Review: The Line Between Markets Dissolves
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
ING Builds Europe's Largest Evergreen Private Markets Platform
ING built Europe's largest evergreen alternatives platform by treating private markets as "slow money" requiring human-centric design.
EQT Infrastructure Chief: Asia Is Private Capital's "Hidden Gem"
In a recent Alt Goes Mainstream The DNA podcast interview, Ken Wong—Partner and Head of Asia Pacific Infrastructure at EQT—makes the case that applying private equity operational playbooks to infrastructure assets in developed Asia generates equity-like returns in a market that remains dramatically underpenetrated relative to Western counterparts.
News
BlackRock Bets Big on Private Markets with $400 Billion Fundraising Target as Alternatives Become Core Growth Engine
BlackRock delivered record Q4 2025 results with EPS of $13.16 (beating estimates by 5.79%) and revenue of $7 billion (up 23% YoY), with private markets emerging as the central pillar of its forward strategy. The quarter marks the first full integration of GIP, HPS, and Preqin, positioning BlackRock as a top five alternatives platform with over $675 billion in client assets and a clear runway toward $400 billion in gross private markets fundraising by 2030.
Oaktree's Credit Playbook: Why This Isn't Your Grandma's Private Credit
In a recent interview on the Alt Goes Mainstream podcast, Oaktree co-CEO Armen Panossian outlined the firm's defensive positioning ahead of an expected uptick in private credit defaults, warning that the 2018-2021 vintage of leveraged buyouts represents the market's soft underbelly as weak credits face a "day of reckoning" in 2027—while simultaneously highlighting asset-backed finance as a multi-trillion dollar opportunity created by banking sector retreat.
Vista's AI Playbook: Building the Software Transformation Factory
Vista's $100B software factory bets AI is "food not threat"—building GenAI transformation capability to capture middle market opportunity.
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