North America

Why payment-in-kind interest is sometimes unfairly maligned. Plus: Partners Group is understood to be on track for a record year of secondaries deployment. Here's today's brief, for our valued subscribers only.

By appealing to retail and large institutional investors, mega-managers may end up with the lion’s share of capital, with implications for themselves and their investors, writes Cambridge Associates’ Andrea Auerbach.

Competition for capital is fierce, but new firm formation is poised to continue nonetheless.

Private markets M&A continues to gather pace as asset management mega-platforms attempt to meet all their investors’ needs.

The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.

Bucking the industry trend of challenging fundraising and more time on the road, Arcline closed Fund IV in under 10 months.

‘I don’t expect a Blackstone stadium any time soon,’ president and COO Jonathan Gray says on the firm's Q3 2025 earnings call.

Ben Luckett, who set up Aviva's VC platform in 2015, says low distributed to paid-in ratios have been less of an issue for the investor to date due to the use of evergreen structures.

Another LP heavyweight leans into the secondaries market. Plus: Why the mid-market is benefiting from a preponderance of GP-leds; and a group of UK investors embrace impact. Here's today's brief, for our valued subscribers only.

The fund follows in the footsteps of other smaller pensions looking to increase their co-investment abilities.