Private debt

In today's edition, A 'democratisation' expert says GPs will only get one chance to deliver; Blackstone reckons evergreen 'tests' are helpful for the industry; New Mountain wants to deepen its Korea ties.

Some evergreens enjoy short-term performance boosts from secondaries mark-ups, JPMorgan Asset Management portfolio manager Brian Lam tells Private Equity International.

Evergreen drama could be a result of 'mis-selling' and 'mis-structuring'; one of Australia's biggest LPs gets a new PE head; Mercer prioritises investor liquidity with latest acquisition.

The local government pension pool, with an asset portfolio set to expand to £110bn, has completed its alternatives leadership team.

A furore over credit could spell bad news for private capital's retail ambitions; another US pension slashes its PE allocation over liquidity concerns; APAC gets a much-needed liquidity boost from public markets.

In today's edition, The first full day of NEXUS 2026 exposes strains on the LP-GP dynamic; LPs are changing how they think about secondaries; Private equity dry powder is growing somewhat stale.

In today's edition, Blue Owl's recent asset sale has thrust semi-liquids into the spotlight; Partners Group tries to assuage investors' AI concerns; Gridiron Capital is back in the market.

How scarcity value is impacting the secondaries gold rush; why PE portfolios could have a maturity issue; StepStone defies headwinds to post a record year of fundraising.

Executives on the firm's latest earnings call said only 8% of AUM is in software lending, with strong loan-to-value ratios.