Private Market Transformation

Since 08/21/24 which is when “Asset Managers Must Invest in Private Markets Now, Bain Says” was published, SaveChangeWorld.com has been monitoring the news flow for the evolving private markets. To put Bain’s projections into perspective, the aggregate value of S&P 500 at 12/31/2025 was $58.4 Trillion. See also “Why Pubcos @ Market Caps <$10 Billion Extinct by 2030?”

Alternative Assets Are Poised to Keep Growing

Secondary Market for Private (non-public) Companies Rapidly Evolving

To include Adolescent Unicorns @ < $1.0 billion valuation

News & Reports

Fund Giant BlackRock Is Out to Unite Public and Private Markets

by Bloomberg.com | Feb 20, 2025 | Markets, Private Markets, Recommended

Larry Fink built the world’s biggest asset manager by making access to stocks and bonds easy. Can the same be done with more opaque assets? Asset management has two great kingdoms. The purveyors of mutual funds and exchange-traded funds dominate the first and...

Private Credit Is the Hot New Thing on Wall Street. But What Is It?

by Bloomberg.com | Feb 19, 2025 | Markets, Private Credit, Private Markets

It sounds mysterious, but it’s really just a loan—often a risky one—made by an investment fund instead of through a bank. Hedge funds? Quant trading? Old news. These days, everyone within shouting distance of Wall Street is talking about private credit—even if some of...

“2025”, Year for Transformation to Private from Public Market Began

by Michael Markowski | Feb 18, 2025 | Markets, Private Markets, Recommended

2025 will be recorded in the history books as being the year for which the transformation from public to private growth investing began. By the end of 2025 shareholders of select private startup and early-stage companies valued for less than $1.0 billion will begin...

BlackRock’s Larry Fink Handed Pay Perks for Role in Growing Private Markets

by Bloomberg.com | Feb 14, 2025 | Markets, Private Markets

BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans. Fink will receive a percentage...

Apollo Plans to Build the First Marketplace for Private Credit

by Bloomberg.com | Feb 5, 2025 | Markets, Private Credit, Private Markets

Apollo Global Management Inc. is seeking to build a marketplace that would allow investors to buy and sell high-grade private assets more easily, while encroaching further into terrain once dominated by the biggest Wall Street firms. The alternative asset manager is...

Blackstone Sees Trillions From Rich Flowing to Private Markets

by Bloomberg.com | Jan 31, 2025 | Markets, Private Markets, Recommended

Investment firms are targeting wealthy clients to fuel growth The firm’s BXPE has raised $8.5 billion since its launch Private markets are set to see trillions of dollars of inflows as wealthy individuals gain greater access to an industry once dominated by...

Can Private Markets Be the Alternative to Lofty Public Market Valuations?

by Apollo | Jan 30, 2025 | Markets, Private Markets, Recommended

https://savechangeworld.com/wp-content/uploads/2025/02/Apollo-Global-Private-Markets-Alternative-Lofty-Valuations.pdfWritten by: Alexander Wright @ApolloThe post "Can Private Markets Be the Alternative to Lofty Public Market Valuations?" first appeared...

Apollo’s Wealthy Customers Want In on the Private Markets Boom

by Bloomberg.com | Jan 29, 2025 | Markets, Private Markets

For years, the best opportunities in private markets were snapped up by institutional investors. Now, Apollo Global Management Inc. is helping the world’s ultra-wealthy get in on the action. The asset management giant has seen some wealth investors allocate as much as...

Private Fund Giants Gain Traction With Europe’s Wealthy Families

by Bloomberg.com | Jan 28, 2025 | Markets, Private Markets

EU approvals of new-style evergreen funds tripled last year Alternative asset managers gather at IPEM Cannes this week After a slow start, alternative asset managers are finally starting to see some success with Europe’s wealthy by offering something investors crave:...

Stalled-Out Tech Stocks Leave ‘Other 493’ to Drive Market Gains

by Bloomberg.com | Jan 17, 2025 | Markets, Private Markets

New year kicks off with broadening beyond Magnificent 7 shares Energy, materials, utilities are winning sectors to start 2025 Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit...

BlackRock ties Fink’s pay to private market expansion

by Reuters.com | Jan 14, 2025 | Markets, Private Markets

BlackRock assets hit record $11.6 trillion last year 'Carried interest' incentive follows aggressive 2024 expansion New Fink package to start with end-2024 compensation Top asset manager BlackRock said on Friday it has changed the way Chairman and CEO Larry Fink will...

Franklin Templeton and Lexington Partners Launch First Registered Tender Offer Private Equity Secondaries Fund for U.S. Wealth Channel

by Franklin Templeton | Jan 13, 2025 | Markets, Private Markets

Franklin Templeton announced today the launch of its first continuously offered fund focused on secondary private equity investments. Co-advised by Franklin Templeton and Lexington Partners, a pioneer in the private equity secondary and co-investment markets, the...

Top Australia Pension Funds to Add Private Investments in 2025

by Bloomberg.com | Dec 18, 2024 | Markets, Private Markets

Australia’s A$4.1 trillion industry invests heavily offshore About one fifth of retirement money is in private markets Investment chiefs at big Australian pension funds are honing in on private assets for next year as a key source of growth for the nation’s...

Corporate investors tap $30bn secondary market to exit startup holdings

by GlobalCorporateVenturing.com | Nov 22, 2024 | Markets, Private Markets, Recommended

The lack of exit options including M&A and initial public offerings is pushing corporate investors to sell VC assets in the growing secondary market. Interest among CVCs seeking to offload venture investments in the secondary market is at all time high amid a...

KKR-Bain Brawl Worth $4 Billion Shows Japan Private Equity Boom

by Bloomberg.com | Nov 21, 2024 | Markets, Private Markets

Buyout firms are taking bolder steps to clinch deals KKR is bullish on Japan, where its returns are biggest When KKR & Co. offered almost $4 billion for a Japanese IT consulting company back in August, the proposal generated buzz in the country’s burgeoning buyout...