A record number of private equity firms will turn into so-called zombie funds this year, as they struggle to reel in new investor cash, according to Ian Charles, co-founder and managing partner at Arctos Partners https://t.co/z8zrQhMhrU ...

Core Insights - Hark Capital has closed a $50 million NAV facility with Pharos IV-A, L.P., aimed at supporting healthcare investments [1][2] - The financing will be utilized for both new and existing investments in Pharos' healthcare portfolio [1] - This transaction marks the third financing facility between Hark Capital and Pharos Capital Group, indicating a strong partnership [2] Company Overview: Hark Capital - Hark Capital, a subsidiary of P10, Inc., has been providing non-dilutive fund finance solutions since 2013, focusing on NAV-based and management company facilities [3] - The firm has deployed over $1.7 billion across more than 130 transactions with over 60 sponsors in the US, Canada, and Europe [3] Company Overview: Pharos Capital Group - Pharos Capital Group is a physician-founded investment firm based in Dallas and Nashville, focusing on healthcare companies that aim to reduce costs and improve patient outcomes [3] - As of June 30, 2025, Pharos has invested in 61 companies and manages over $900 million in private equity assets [3] - The firm typically invests between $25 million and $50 million in middle-market companies seeking growth funding [3]

Carlyle is readying a new fund to give cash-strapped investors a way to unlock money from their private equity investments, less than a year after raising more than $4 billion for such financing plays https://t.co/R85852RXLg ...

2 0 2 5年，在一级市场整体募资承压的背景下， 架桥资本逆势完成第五期先进制造主题基金的 最终封关 ，落地长三角制造业重镇安徽芜湖。此次募集最引人注目的数据是—— 老LP复购率 高达6 6%，创下近年来垂直领域基金的标杆水平。 这一数字不仅意味着出资人对过往业绩的高度认可，更标志着架桥资本已构建起一支稳定、专 业、具备产业协同能力的 "长期资本同盟"，其"深耕产业、价值共生"的理念正持续赢得市场信 赖。 超三分之二老 LP持续 复购 ！一支高黏性 "LP军团"浮出水面 在 VC/PE行业，LP复购率是衡量GP信任度的核心指标。本期基金高达6 6%的老LP继续出资， 构建起一支稳定、专业、具备产业协同能力的"资本同盟"。 中美联泰大都会人寿保险 更是 为 本期 基金注入稀缺的 " 耐心资本 " 。作为对风控、管理人 稳定性及行业聚焦度要求极高的长期资金，险资的持续支持，是对架桥资本穿越周期能力的有 力背书。 在政策鼓励险资加大权益配置的背景下，这一动作也表明：先进制造已从 "风口赛道"进入"价 值投资"阶段，成为长期资本配置的核心方向。 双轮驱动：锚定高端装备，奔赴 AI新赛道 五期基金延续 "深度聚焦"策 ...

Group 1 - The distinction between public and private markets is evolving, with private markets increasingly playing a crucial role in the economy while public markets shape narratives [1][5][18] - The historical reliance on a 60/40 portfolio is being challenged as investors seek tools for better outcomes with reduced volatility [1][4] - The landscape of private capital is changing, with companies like SpaceX and Stripe remaining private for extended periods, indicating a shift in how companies finance themselves [2][11] Group 2 - The high yield market has financed companies undergoing significant changes, and a massive CapEx boom is anticipated in sectors like data, sustainability, and energy transition [10][13] - The private credit market is predominantly composed of investment-grade counterparts, contrary to the perception that it is mainly non-investment grade [11][14] - The private equity industry is expected to undergo a transformation, with fewer firms able to maintain investor relationships due to evolving business models [15][36] Group 3 - The concentration of capital expenditure is increasingly focused on a small number of companies in technology and data, raising questions about the underlying economy driven by private companies [19][20] - Public market performance has been strong, with earnings exceeding consensus estimates, yet concerns about inflation and its impact on consumer pricing persist [21][22] - The need for long-term infrastructure investments is highlighted, particularly as the demographic shift towards retirees increases the demand for inflation-hedged assets [31][34] Group 4 - The U.S. remains a preferred investment destination due to its robust economy and financial systems, despite some skepticism regarding government policies and market conditions [46][47][48] - There is a growing interest in diversifying investments beyond the U.S. while still recognizing its strengths as the largest and most liquid market [46][47] - The potential for misallocation of resources in the current investment climate is a concern, emphasizing the need for careful portfolio management [26][34]

Group 1 - The number of private equity firms with over 10 billion yuan in assets has reached 91 as of August 31, 2025, with Shanghai's Nianjue Private Equity being the latest addition [1] - Among these, 45 are quantitative private equity firms, accounting for 49.45%, while 39 are subjective firms, making up 42.86% [1] - The majority of these firms are concentrated in Shanghai and Beijing, which together account for 70% of the total [1] Group 2 - The average return for 57 private equity firms with performance data is 24.99% year-to-date, with all achieving positive returns [2] - 37 quantitative private equity firms have an average return of 28.07%, with 31 of the 40 firms that exceeded 20% returns being quantitative [2] - Notable firms with strong performance include Fusheng Asset, Stable Investment, and Abama Investment [2] Group 3 - The strong performance of quantitative private equity firms in 2025 is attributed to favorable market conditions, including wide fluctuations in A-shares and a focus on small-cap stocks [3] - Systematic operations of quantitative strategies help mitigate emotional interference, allowing for stable performance amid volatility [3] - Enhanced adaptability of strategies and abundant market liquidity have also contributed to the success of these firms [3]

Private Equity Interest - Blackstone, CVC, and KKR have held early talks, indicating potential interest in a deal [1]

Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic https://t.co/7fyiJTPrOu ...

Core Insights - The shift of Asia private equity heads to Mumbai reflects a significant reordering of global capital flows, with seven global funds now having their Asia heads based in India, compared to none five years ago [1][19] - These funds collectively manage at least $100 billion in assets, indicating a strong interest in the Indian market as investment opportunities expand across various sectors [2][19] - India's private equity market has matured, with increased deal sizes, a deepened buyout market, and multiple exit avenues emerging over the years [2][19] Investment Trends - Blackstone has approximately $50 billion in private equity and real estate investments in India, identifying it as its best investment market globally, while KKR plans to invest an additional $10 billion in the country [9][19] - The country has captured nearly 41% of private equity capital inflows in emerging markets this year, surpassing China's 34%, highlighting India's growing importance in the private equity landscape [12][19] - Global general partners are raising Asia funds excluding China, allocating 50%-70% to Japan and India, reflecting a strategic pivot towards these markets [8][19] Market Dynamics - Key drivers for the shift towards India include family-owned companies willing to cede majority control, local capital markets capable of handling multi-billion-dollar deals, and an increase in local acquisitions by Indian firms [13][19] - Despite the positive outlook, high company valuations and challenges in the tech startup sector pose risks, with some startups facing significant devaluations [5][15][19] - US-India trade tensions, particularly the doubling of tariffs on goods, introduce uncertainty, potentially slowing capital deployment in the short term [5][16][19]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. 7 Reasons to Stop Freaking Out Over the Fed “I’m not saying the Fed doesn’t matter or that its actions don’t move markets. I just think the Fed’s impact is overrated and the effect of rates is less predictable than we like to admit.” (Morningstar) Bluerock Falls Short on Vote to Convert Redemption-Sapped Interval Fund “But the $19 billion manager was able to adjourn the meeting and extend the dead ...