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Cyber risk, the need for proprietary data and the rush to finance AI are top of mind for Carlyle Group CEO Harvey Schwartz.

The smallest fund managers are having the hardest time disposing of ageing assets, according to PEI Group’s latest quarterly fund performance report.

Patrick No, who oversees Lazard’s secondary advisory and primary fundraising activities in the region, is understood to be leaving the bank.

PE funds raised $702bn between Q1 and Q3 2026, around $101bn or 17% more than the same period in 2025.

A healthy balance between the two markets, backed by a deep pool of domestic savings, is required for the next generation of UK companies, according to panellists at an industry event in London.

Mario Giannini, the firm’s executive co-chairman, will relinquish his duties next March after helping build a platform that manages and advises on more than $1trn of assets.

The $1.8trn asset manager wants to push its evergreen private markets franchise beyond the wealth channel and deeper into EMEA.

Industrials, defence and healthcare sectors stand to benefit, co-head of Americas PE Steve Wise tells PEI.

The previous vintage closed on $5.58bn in February last year.