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The definitive source of private markets intelligence.
Outlooks
PE Market Shows Signs of Recovery After Three-Year Slump, Dechert 2026 Outlook
Dechert's 2026 Global Private Equity Outlook reveals that global buyout deal value reached $965.8 billion through Q3 2025, representing a 30% increase from the same period in 2024, signaling the PE industry is gradually emerging from nearly three years of constrained deal activity and challenging fundraising conditions despite ongoing tariff volatility and geopolitical uncertainty.
Asia Private Credit Set to Surge 56% by 2027
The Alternative Credit Council's "Private Credit in Asia 2.0" report forecasts Asia-Pacific private credit assets under management will grow from US$59 billion in 2024 to US$92 billion by 2027, representing a 16% compound annual growth rate that outpaces global averages.
PwC Sees Private Markets Set to Dominate AWM Revenues by 2030
PwC's Asset and Wealth Management Revolution 2025 report projects private markets will capture more than half of total industry revenues by 2030, cementing their position as the sector's most profitable engine. While alternative AUM is expected to reach $34 trillion with private markets specifically hitting $26.6 trillion, the report warns that rising competition will put growing pressure on the standout fees and margins that have defined the asset class.
FoFs Face Data Crisis as GP Reporting Failures Hit Decisions
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
Goldman Sachs Summit Signals 2026 Dealmaking Surge
According to Goldman Sachs Asset Management's 2025 Alternatives Summit, corporate M&A volumes in 2025 are expected to match 2021 levels, with IPO markets showing significant recovery despite earlier tariff impacts. The October gathering brought together leaders including former Treasury Secretary Steven Mnuchin and former UK Prime Minister Rishi Sunak, who delivered a stark warning that the next decade will be "the most dangerous and transformational of our lifetime."
Sentiment
Goldman Sachs Summit Signals 2026 Dealmaking Surge
According to Goldman Sachs Asset Management's 2025 Alternatives Summit, corporate M&A volumes in 2025 are expected to match 2021 levels, with IPO markets showing significant recovery despite earlier tariff impacts. The October gathering brought together leaders including former Treasury Secretary Steven Mnuchin and former UK Prime Minister Rishi Sunak, who delivered a stark warning that the next decade will be "the most dangerous and transformational of our lifetime."
Infrastructure Investing Goes Mainstream
As U.S. federal and state debt levels climb and institutional investors seek inflation-protected, long-duration assets, infrastructure has emerged as one of private markets' fastest-growing categories—yet the massive opportunity to privatize government-owned assets remains largely untapped.
Hg's Chris Kindt on AI Transforming Private Equity Value Creation
Private equity value creation is experiencing its most significant transformation in decades as artificial intelligence shifts from efficiency tool to fundamental business reinvention. Chris Kindt, Partner and Head of Value Creation at Hg, warns that companies failing to embrace "AI-first" culture risk falling on the wrong side of disruption as agentic AI delivers 10-20x efficiency gains in core functions.
News
Private Credit Meets AI: The Data Center Opportunity
As artificial intelligence reshapes the global economy, institutional investors face a critical question: how to capture the AI opportunity without betting on which software company will emerge victorious. Alexey Teplukhin, Managing Director at Blue Owl Capital, argues the answer lies in owning the physical infrastructure rather than picking winners—data centers representing the "airports of information" that every competitor must use.
Building Private Credit Inside a Global Bank
Private credit is evolving far beyond direct lending into a $14 trillion opportunity as banks retreat from traditional lending activities, yet most wealth channel investors remain underexposed and undereducated about the asset class. Robert Stark, CEO of Nomura Capital Management and Head of Investment Management in the Americas for Nomura Group, recently discussed building a private credit business from scratch within the century-old Japanese financial institution.
Goldman's Nachmann on Private Credit's Coming Test
Marc Nachmann, global head of asset and wealth management at Goldman Sachs, sat down with CNBC's Leslie Picker at the firm's alternatives conference in New York to discuss how Goldman quietly built a $542 billion alternatives powerhouse over three decades—and why the coming credit cycle will create clear winners and losers in an asset class that has grown explosively during a period of relative calm.
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