North America

Private markets’ burgeoning capital concentration challenge

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.

Creating the one-stop-shops of the future

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

Industry consolidation: New investor classes drive acquisitions and partnerships

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.

Brookfield’s Oaktree deal shows real estate private credit growth potential

The New York-based manager is aiming for growth – and the real estate credit capabilities of Oaktree are critical to that initiative.

Private debt secondaries luring LPs across the board

Investors from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

Do private markets require a rebrand?

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Market sentiment towards retail opportunities heats up

Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.

Democratisation & Transparency: How alternative assets are readying for individual investors

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

First Brands bankruptcy prompts questions over private credit exposure

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

First Brands Group bankruptcy: Two rating firms say ‘don’t panic’

CLO structures act as a firebreak by limiting concentrations of assets from any one obligor, Moody’s says