You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. The recent tumult of surging redemption requests at private credit non-traded BDCs has done nothing to dissuade enthusiasm for alternative investments in the wealth channel, based on the mood at the iCapital Connect conference in Phoenix this week.  In fact, while private credit is naturally a hot topic, asset managers and advisors are equally focused on what the next phase of alts adoptio ...

Key Takeaways Marsh's Mercer unit will acquire AltamarCAM to expand its private markets platform and capabilities.AltamarCAM brings expertise in secondaries, co-investments and a strong Europe and Latin America presence.The deal supports Marsh's shift toward higher-margin alternatives and expanded global investment capabilities.Marsh & McLennan Companies, Inc. (MRSH) is set to deepen its private markets footprint as its subsidiary Mercer agrees to acquire AltamarCAM Partners. This deal adds €20 billion in a ...

Why Wall Street’s 'Masters Of The Universe’ Are Losing Billions In Private Markets Pullback https://t.co/FGZSenkvQt📸: Aleksandr Karnyukhin for Forbes; Guerin Blask for Forbes https://t.co/gmNhX333Uu ...

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Marsh to Expand Its Private Markets Capabilities With the Addition of AltamarCAM Mar 19, 2026 9:30 AM Eastern Daylight Time Marsh to Expand Its Private Markets Capabilities With the Addition of AltamarCAM Share NEW YORK--(BUSINESS WIRE)-- Mercer, a business of Marsh (NYSE: MRSH) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, has agreed to acquire AltamarCAM, a specialist private markets asset m ...

Group 1 - Apollo's John Zito expressed skepticism about the accuracy of valuations in the private equity sector, specifically regarding software companies [1]

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Ares Management Conference Call Summary Company Overview - **Company**: Ares Management (NYSE: ARES) - **Date**: March 11, 2026 - **Focus**: Discussion on growth strategy, acquisitions, market insights, and cultural values within the company Key Points Growth Strategy and Acquisitions - Ares has achieved significant growth through acquisitions, contributing approximately **25%** of its historic growth, while maintaining a strong organic growth trajectory [14][15] - Recent acquisitions include Landmark Partners, SSG in Asia, Black Creek Group, and GLP Capital Partners, with a focus on allowing these platforms to retain autonomy to drive growth [13][21] - The company emphasizes the importance of having an origination edge in private markets to provide differentiated exposure and outperformance for clients [14][15] - Ares has successfully expanded its private credit business into Europe, becoming the largest player in that market [15] Market Insights - Ares has a significant information edge due to its investments in thousands of middle-market companies globally, allowing it to gather valuable data on market trends and economic strength [41][46] - Despite market anxieties, Ares reports strong fundamentals, including **double-digit cash flow growth** in its credit and equity portfolios and high occupancy rates in real estate [45][46] - The company notes a disconnect in the market narrative regarding the durability of the trend from public to private markets, highlighting that their non-traded BDC has **0% non-accrual** [46] AI and Technology - Ares has been proactive in considering the risks and opportunities presented by AI, with **25 in-flight projects** utilizing AI tools to enhance efficiency and productivity [55] - The company is focusing on growth in digital infrastructure and renewable energy sectors, leveraging AI to drive transformation [52] Sports Investment Strategy - Ares has reoriented its sports investment strategy since March 2020, focusing on providing liquidity solutions during market disruptions [62] - The firm has established a leadership position in sports investments by engaging with league commissioners and owners to unlock value in various aspects of sports assets [63][64] - The value of unscripted live content in sports is seen as a significant growth opportunity, with sports assets being inflation-protected and uncorrelated to other portfolio investments [68][69] Culture and Leadership - Ares emphasizes a culture of collaboration and trust, which is viewed as a competitive advantage in building long-term relationships with clients [27][30] - The company has initiated a charitable foundation, committing a percentage of performance income to philanthropic causes, which has fostered a sense of purpose among employees [94][96] - Leadership is focused on maintaining humility and grace while navigating market volatility, ensuring that the company takes advantage of opportunities without exploiting others' distress [105][106] Market Structure and Transparency - Ares acknowledges the need for improved transparency in private markets, particularly for individual investors, while asserting that institutional investors already receive comprehensive performance data [75][78] - The firm believes that as more individuals gain access to private markets, the governance and transparency standards will evolve [75][80] Future Outlook - Ares anticipates continued consolidation in the asset management industry, with larger players benefiting from diversification, scale, and strong relationships [86] - The company is well-positioned with approximately **$160 billion** of uninvested dry powder, allowing it to capitalize on market opportunities [85] This summary encapsulates the core discussions and insights shared during the Ares Management conference call, highlighting the company's strategic focus, market positioning, and cultural values.

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Core Insights - Hamilton Lane's annual Market Overview indicates a transformative period for global investment, emphasizing the need for investors to prioritize manager selection, resilience, and adaptability over certainty [1] Group 1: AI and Investment Landscape - AI is identified as the most significant factor influencing returns and investment activity, with public markets heavily concentrated in AI-linked companies, particularly large language models (LLMs) [2] - Private markets, especially venture capital, are positioned to offer broader exposure compared to public markets [2] Group 2: Secondary Markets - The secondary market is characterized by strong dynamics, with both GP and LP-led markets remaining robust due to a slow exit environment and LPs seeking to rebalance portfolios [3] - Supply in the secondary market is outpacing capital, leading to attractive entry pricing and enhanced portfolio flexibility for investors [3] Group 3: Private Credit - Hamilton Lane asserts that there is no private credit bubble, as the market has shown resilience and limited stress, outperforming public benchmarks for 24 consecutive years [4] - Private credit is expected to maintain its resilience across economic cycles, outperforming broadly syndicated or bank-held loans [4] Group 4: Performance Metrics - The report highlights that private equity performance has lagged due to strong public equity performance, raising questions about the sustainability of the leading public stocks [6][7] - Private equity and secondary-focused evergreen funds have outperformed closed-end fund peers over one- and three-year periods, countering the narrative of sacrificing returns for liquidity [7] - 2025 saw the second highest year for aggregate distributions, although private equity and real assets experienced subdued distribution activity [7] - Valuation multiples for unrealized deals from the 2021-2022 cohort have increased, but overall valuations remain aligned with fundamentals [7] Group 5: Market Dynamics - The report emphasizes the critical moment for global investing, influenced by geopolitical fragmentation, tariff tensions, and rapid technological disruption, particularly from AI [8] - Investment success will hinge on adapting to new vehicles, liquidity models, and evolving market dynamics [8]