Laura Benitez

Not long ago, wealth managers were pitching their clients on an alluring prospect: access to private markets with the option to easily exit.

Not long ago, wealth managers were pitching their clients on an alluring prospect: access to private markets with the option to easily exit.

Dan Ivascyn wanted in on the deal backing a sprawling $16 billion Oracle Corp. data center campus in Michigan — as long as it was done his way.

Dan Ivascyn wanted in on the deal backing a sprawling $16 billion Oracle Corp. data center campus in Michigan—as long as it was done his way.

Dan Ivascyn wanted in on the deal backing a sprawling $16 billion Oracle Corp. data center campus in Michigan -- as long as it was done his way.

Ares Management Corp.’s $29 billion flagship private credit fund reported an increase in troubled investments in the second quarter, as the industry continues to grapple with exposure to businesses vulnerable to advances in artificial intelligence.

Ares Management Corp. posted a record quarter of fundraising, pushing its assets under management to $671 billion, as it reported earnings that beat Wall Street estimates.

Apollo Global Management reported record revenue from fees as it vies to be one of Wall Street’s largest lenders.

Apollo Global Management Inc.’s flagship private equity fund surpassed $12 billion in fundraising last month, as the alternative asset manager taps institutional investors around the globe.

Blackstone Inc. has held early discussions with investors to gauge interest in a second mega debt package to finance Anthropic PBC’s use of chips from Alphabet Inc.’s Google.