Core Insights - The private equity industry is experiencing significant consolidation, with a notable increase in capital flowing to the largest funds [1][2][8] Fundraising Trends - In 2025, nearly 46% of all private equity capital raised has been secured by the 10 largest funds, up from 34.5% in 2024, with predictions indicating that over 40% will go to the largest funds in 2026 [2] - Total fundraising has decreased substantially, with only $259 billion raised so far this year compared to $372.6 billion last year, marking an 8% year-over-year drop in the absolute amount raised by the top funds to $118.3 billion [3][5] Share of Top Funds - The top 10 funds are capturing a larger share of the fundraising haul than in the past decade, with their share rising to 45.7% this year from an average of 35.8% over the last five years [4][5] - The three largest funds raised $60.4 billion this year, accounting for 23.3% of the total amount raised, compared to $55.9 billion last year, which was only 15% of the total [7] Notable Funds - The top 10 funds include Thoma Bravo Fund XVI ($24.3 billion), Blackstone Capital Partners IX ($21 billion), and Veritas Capital Fund IX ($14.4 billion), among others [6]

Core Insights - Partners Group Private Equity (LSE: PEY) is preparing for a significant shareholder-return program due to successful exits generating fresh capital [1] Financial Performance - PEY recorded €65.4 million (approximately $76.4 million) in distributions during the first nine months of 2025, with a strong outlook for continued performance [2] - The firm is on track to achieve around €200 million ($233 million) in exit proceeds for both 2025 and 2026, which could facilitate substantial buybacks [3] Portfolio Strength - The underlying portfolio has seen valuations increase by over 10% year-on-year, driven by double-digit EBITDA growth and improved multiples across key holdings [4] - Recent public listings, such as those of Vishal Mega Mart and Galderma, have contributed positively to PEY's valuation gains [4] Buyback Strategy - Buybacks are considered an effective use of excess capital for listed private-equity vehicles, especially when shares are trading below NAV [5] - PEY may initiate a buyback program in early 2026, contingent on the completion of sales and capital allocation decisions [6] Shareholder Impact - If buybacks occur at the higher end of expectations, shareholders could experience an increase in NAV per share and a reduction in the current discount to NAV [7]

Wall Street is looking for private equity firms to take a swath of their portfolio companies public in the hopes that the low boil of IPO activity since the pandemic will finally bubble over https://t.co/mLnZx6z7qx ...

David Sambur, Apollo's co-head of private equity, discusses how AI is reshaping the industry and the 2026 private-equity landscape with Romaine Bostick on "The Close." He says that if a company isn't an AI company, it's increasingly unclear whether there's a home for it in the public markets. ...

IPI Partners, a Chicago-based private equity firm, will pay $11.5 million to settle its civil liability for 51 “apparent violations” of US sanctions against Russia, according to a Treasury Department statement https://t.co/cgQY4ZsCE7 ...

We're up to final trades here. What do you got. >> Um, Netflix.It's weird as a shareholder. I'm reading these stories about them for some reason wanting to bid for Warner Brothers and I'm sort of not sure if I want them to win or not. >> Yeah.Uh, the market's not sure either, I don't think. Right. I mean, that's why it's 19% off its high.Yeah. >> I'll do Oracle, Mike. I mean, I'm not saying that the ultimate bottom is in, but I do think it rallies into earnings next week.>> All right, Shannon. >> Financials ...

Core Insights - Franchise Equity Partners (FEP) has announced its first international acquisition by purchasing IMO Car Wash, the largest tunnel car wash operator globally, which has 720 locations primarily in the UK and Germany [1][2]. Company Overview - IMO Car Wash has been in operation for 60 years and is recognized as a trusted car wash brand, serving millions of customers annually through a high-volume model [2]. - The company boasts a diversified operational footprint and is supported by a management team with extensive experience in the car wash industry [2]. Strategic Goals - FEP views the acquisition of IMO as a unique opportunity to acquire a market-leading brand with a strong operational team and a defensible market position [3]. - The firm aims to optimize and enhance performance across IMO's existing portfolio, leveraging its established customer base and retail partnerships to drive organic growth [3][4]. - Under FEP's ownership, IMO plans to focus on increasing wash volumes, improving customer experience, and enhancing strategic retail partnerships [3]. Market Positioning - The acquisition aligns with FEP's strategy of partnering with leading operators in resilient industries, where scale, brand recognition, and operational efficiency provide sustainable competitive advantages [4].

Industry Focus - Private equity and debt collectors are profiting significantly from home loans previously considered canceled [1] Investigative Journalism - Bloomberg Investigates explores the financial gains made by private equity and debt collectors [1]

Asia-Pacific private equity managers are more upbeat on the deal outlook, expecting stronger returns and fewer geopolitical risks than their global counterparts, even as deal activity in the region continues to soften, a new survey shows. Respondents in the region expected an average net return of 17.4 per cent from the private equity industry this year, slightly higher than the 17.1 per cent expected by North American, European, Middle Eastern and African (EMEA) executives, according to Dechert's annual ...

Core Viewpoint - The article discusses the debate on whether GP management fees should be linked to performance, presenting three options for consideration: yes, no, or a negotiation between both parties [1]. Group 1 - The article invites readers to express their opinions on the linkage of GP management fees to performance [1].