Core Insights - The Invesco Global Listed Private Equity ETF (PSP US) is based on the Red Rocks Global Listed Private Equity Index, which targets publicly listed companies primarily engaged in investing in, lending to, or providing services to privately held companies [1] - The index includes 40–75 constituents globally and emphasizes firms with direct private-equity operating exposure, excluding diversified asset managers or holding companies with limited private-equity exposure [1] - The index undergoes quarterly reconstitution and rebalancing to ensure diversified exposure across regions and structures typical of the listed-private-equity universe [1] Index Methodology - The weighting of the index modifies market capitalization through a "purity" adjustment, prioritizing companies with higher direct ownership of private businesses [1] - The selection and weighting mechanics are designed to enhance capacity and tradability in the listed markets used for inclusion [1]

Core Insights - Private fund assets have tripled over the past decade, significantly outpacing the public market's growth rate of over 2X, indicating a strong interest in private equity and credit among investors [2] - The ETF market for private assets is limited due to structural protections, with the SEC imposing a 15% limit on illiquid holdings, which affects the allocation of ETFs in this category [3][4] - Retail investors are increasingly interested in private equity, but there are few ETFs available that hold private equity assets, leading to considerations regarding valuation and fees associated with these investments [5] ETF Market Dynamics - Interval funds and semi-liquid products have been developed to provide access to private markets, with some ETFs like the SPDR SSGA IG Public & Private Credit ETF (PRIV) and State Street Short Duration IG Public & Private Credit ETF (PRSD) offering around 20% exposure to private credit [4] - The ERShares Private-Public Crossover ETF (XOVR) has gained attention for its 10% allocation to SpaceX, but concerns exist regarding the valuation of such holdings and the potential for high undisclosed fees [5] - Asset managers are focusing on investor education in the realms of private markets and ETFs, leading to increased hiring of product and portfolio specialists [5]

Core Insights - FTI Consulting has appointed Speed Liu as a Senior Managing Director in the Business Transformation practice in Asia, enhancing its Corporate Finance & Restructuring segment [1][3] Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 8,100 employees across 32 countries and territories as of September 30, 2025 [5] - The company generated $3.70 billion in revenues during fiscal year 2024 [5] Appointment Details - Speed Liu brings over 20 years of experience in private equity, focusing on growth strategies, turnaround plans, and cost optimization initiatives [2] - Liu's expertise includes advising on buyout transactions and business transformations across various sectors, including consumer, service, and industrials [2] Strategic Focus - In his new role, Liu will assist private equity and corporate clients in Asia and globally with portfolio transformation, transactions, exit readiness, and maximizing value creation [3] - His appointment is expected to strengthen FTI Consulting's approach in the region, combining strategic insight with practical execution in complex situations [3][4] Market Context - The private equity environment in Asia is increasingly challenging due to rising costs, higher interest rates, geopolitical uncertainty, and pressure from limited partners [4] - Liu's unique perspective is anticipated to enhance FTI Consulting's ability to support clients during critical moments in the evolving business landscape of Asia [4]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Insights - U.S. dealmaking activity was subdued in early 2025 due to macroeconomic uncertainty and tariff concerns, but momentum has improved in the second half of 2025 and is expected to continue into 2026, benefiting firms like Goldman Sachs [1][9] Industry Overview - Private equity sentiment has significantly rebounded, with confidence in pursuing mergers and acquisitions (M&A) rising from 48% in Q1 2025 to 86% by year-end, and 90% of respondents expect deal activity to either increase or remain steady [2] - Dealmaking is shifting towards execution-driven strategies such as carve-outs and buy-and-build transactions, favoring mid-market activity and smaller, synergy-rich add-ons [3] Company Performance - Goldman Sachs led global M&A rankings in 2025 with $1.66 trillion in deal volume, achieving a market share of 36.4% and a 31% increase in M&A advisory fees to $3.37 billion in the first nine months of 2025 [4][5][9] - The Global Banking and Markets segment's net revenues rose 17% year over year, while the Asset and Wealth Management division's net revenues increased by 4% [8] Strategic Initiatives - Goldman Sachs is streamlining operations by exiting underperforming consumer banking ventures and focusing on higher-margin businesses [6][8] - The firm is expanding its private equity and alternatives business through acquisitions, including the planned acquisition of Industry Ventures, to strengthen its position in private markets [10][11] Technological Advancements - Goldman is implementing a firmwide AI transformation aimed at enhancing productivity and expanding operating leverage, with initiatives like "One Goldman Sachs 3.0" and the "GS AI Assistant" [14][15] - The AI strategy is expected to shift revenue towards higher-fee, data-driven businesses and improve valuation and risk assessment in private markets [17] Financial Strength - Goldman maintains a strong balance sheet with cash and cash equivalents of $169 billion as of September 30, 2025, allowing for aggressive capital returns through buybacks and dividends [19] - The company increased its quarterly dividend by 33.3% to $4 per common share and has a share repurchase program of up to $40 billion [20] Earnings Outlook - Analysts have revised earnings estimates upward for Goldman Sachs, projecting year-over-year growth of 20.8% for 2025 and 12.8% for 2026 [21] - Despite a higher forward price/earnings ratio of 17.26X compared to the industry average of 15.71X, the valuation is supported by superior growth prospects [23][30] Stock Performance - Goldman shares have increased by 68.1% over the past year, outperforming industry peers [26] - The combination of ongoing growth initiatives, capital returns, and a robust M&A backdrop positions Goldman Sachs favorably for long-term financial performance [28][29]

Core Insights - Franklin Templeton identifies significant investment opportunities in private equity, private credit, real estate, and infrastructure for the year 2026 [1] Group 1: Investment Opportunities - The company emphasizes the potential of private equity as a robust investment avenue, highlighting its resilience and growth prospects [1] - Private credit is noted for its increasing relevance, particularly in a rising interest rate environment, which may enhance returns for investors [1] - Real estate is recognized for its ability to provide stable income and potential appreciation, making it an attractive option for long-term investors [1] - Infrastructure investments are seen as critical due to their essential nature and potential for steady cash flows, especially in the context of global economic recovery [1]

Company Expansion - P10, Inc. has opened a new office in Dubai within the Dubai International Financial Centre (DIFC), licensed by the Dubai Financial Services Authority (DFSA) [1] - This expansion reflects P10's long-term commitment to the UAE and aims to support client partnerships across the Middle East [1][2] Leadership Statements - Luke Sarsfield, P10 Chairman and CEO, emphasized the importance of having a local presence in the DIFC, highlighting the UAE's stability and leadership in creating a diversified economy [2] - Sarita Jairath, P10 Global Head of Client Solutions, expressed excitement about building P10's presence in Dubai, noting the city's commitment to innovation and infrastructure as attractive for global investors [2] Company Overview - P10 manages over $40 billion in assets as of September 30, 2025, focusing on Private Equity, Private Credit, and Venture Capital in access-constrained strategies [3] - The company targets the middle and lower-middle market and aims to deliver compelling risk-adjusted returns to a global investor base [3]

But this is a massive deal. General catalyst and trillion taking Janus Henderson, an asset manager private. I mean, do they need access to the the funds that Janus Henderson would have in reserve.Yeah. I mean, I can imagine, Vonnie, that the private equity group is very much interested in the funds under management by Janus Henderson, and it really just speaks to kind of the broader, evolving, just the landscape of finance. Right.We we have seen a lot more institutional investors, the likes of pension funds ...

Group 1: Private Equity and Asset Management - General Catalyst and Trillion are taking Janus Henderson, an asset manager, private, indicating a significant interest in the funds under management by Janus Henderson [1] - There is a growing trend of institutional investors, such as pension funds, exploring private equity due to the potential for higher rewards, despite the associated risks [2][3] - The interest in Janus Henderson's assets is likely to attract private equity firms and investors, reflecting a broader trend of increased M&A and IPO activity in the market [3] Group 2: Market Trends and Predictions - The S&P 500 has delivered annual gains in seven out of the last ten years, with forecasts suggesting an 11% gain for the index, which is half of the gains seen in the previous two years [5][7] - Despite a generally bullish outlook, there are lingering uncertainties and fragilities in the market that temper this optimism [6][8] - The potential removal of tariffs is viewed positively, with expectations that it could improve risk sentiment and lead to higher S&P 500 performance [8]

Exclusive: Energy Capital Partners’ deal for Calpine is poised to become the most profitable private-equity deal of all time by dollar value https://t.co/zOdv4OqdWi ...