Many Hong Kong-based family offices are planning to add exposure to private equity and digital assets over the next three years, according to a report commissioned by local authorities. Interest from wealthy families in those assets, alongside private credit and...

BlackRock Inc. will award some of its most senior executives new pay perks tied to its expansion in private markets, signaling again its intent to compete head-on with the largest alternative asset managers. The firm will give some of its “selected” leaders carried...

As retail investors increasingly seek exposure to private markets, regulators face a pivotal challenge: how to open doors without compromising on investor protection. The era of private equity and credit being reserved for institutions is giving way to broader...

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to...

Investment bankers are cheering the recovery in US first-time stock sales. But the revival comes too late to halt a decades-long slump in the number of public companies amid the unchecked growth of private markets. The number of American public companies stood at...

Neuberger Berman is closing in on a $5 billion goal for its flagship fund to buy secondary private equity stakes as investors flock to the strategy. The New York-based manager is expected raise at least half of its target in its initial phase of fundraising, also...

BlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market. The world’s largest money manager disclosed plans for the fund this month in regulatory filings. BlackRock...

Some of the world’s biggest investors in private equity are worried they could lose their special status as thousands of retail investors get invited into an asset class that had been reserved for sophisticated clients. Institutions such as pensions and endowments are...

Retail investors are increasingly eager to access private equity (“PE”), drawn by the promise of higher returns and diversification. With public markets dominated by a narrow set of tech-driven mega-cap stocks, the appeal of uncorrelated, long-term private market...

Private markets can withstand geopolitical shocks and individual investors want to benefit from this, just as institutional ones do, according to Blue Owl Capital Inc.’s James Clarke. The alternative assets industry is democratizing to allow individuals to take part...

Venture capital-backed firms in Europe are on track for their worst year of fundraising since 2015, as investors avoid putting money in an industry that’s struggled with returns. Venture funds based in Europe raised €5.2 billion ($6.1 billion) in the first half of...

Bill Pulte, who leads the Federal Housing Finance Agency, ordered Fannie Mae and Freddie Mac to propose ways to consider cryptocurrencies when the entities assess risk for mortgage loans. “Today I ordered the Great Fannie Mae and Freddie Mac to prepare their...

The push to put private assets in the hands of individual investors is breathing new life into a relatively quiet corner of the asset management industry: interval funds. Vanguard Group, Capital Group and the TCW Group are among the investment giants who have embraced...

Apollo Global Management, Inc. has warned Australia’s securities regulator against “broad brush” rules for unlisted investments and has called for regulation to instead target specific asset classes. The comments were included in one of more than 50 submissions...