Rod James

Erik McGregor/Getty Images Blackstone does not expect growing competition to drive down returns on its new investments in AI infrastructure, at least not anytime soon, said COO Jon Gray.

Erik McGregor/Getty Images Blackstone does not expect growing competition to drive down returns on its new investments in AI infrastructure, at least not anytime soon, said COO Jon Gray. Speaking during the firm’s Q2 earnings call, Gray said demand for data centers, chips and the power to supply them is so great that the risk of oversupply and a subsequent collapse in valuations is minimal. “It’s very hard to get the chips today, it’s very hard to get the power, it’s very hard to get the entitle

Investcorp has made its first investment in a US wealth management firm after a multi-year search for the right opportunity.

Jenna O'Malley/PitchBook News In the first half of 2026, a record number of private equity managers used continuation funds to return cash to their investors without having to sell companies.

Apollo Global Management CEO Marc Rowan, shown at the 2025 Milken Institute Global Conference. Patrick T. Fallon/Getty Images The head of Apollo Global Management has said that any new acquisitions will be to help the firm expand into new market segments, rather than to consolidate its strength in existing ones. Speaking on the firm’s Q2 earnings call Tuesday, CEO Marc Rowan said the “brain damage” associated with buying people-oriented businesses means it is generally not worth it unless the de

Apollo Global Management CEO Marc Rowan, shown at the 2025 Milken Institute Global Conference. Patrick T. Fallon/Getty Images

Amid growing doubts about whether the AI infrastructure market is experiencing overbuilding, Wall Street's largest money managers appear to believe the answer is no.

Jenna O'Malley/PitchBook News The subject of artificial intelligence featured prominently in investment banks' second-quarter earnings calls.

Seven years into a private equity marriage, most partners want out. In healthcare rollups, investors are finding their companies have become too big for strategics, too rich for public markets, and too politically fraught.

Collateralized fund obligations have quietly become an important fundraising tool for some of the largest managers of secondaries funds.