The latest from private markets

Pemberton appointed Jay Daryanani as Managing Director and Deputy Head of CLOs following two new Indigo CLOs and the rejection of Indigo I in 2025.

Nuveen released the sixth edition of its annual EQuilibrium Global Institutional Investor Survey, capturing the views of institutional investors on portfolio positioning, private markets, artificial intelligence, geopolitics and long-term investment trends. The survey provides insights into evolving institutional investment priorities and informs Nuveen's strategic outlook on global asset allocation.

Arcmont identified continued opportunities in European private credit, manager scale and institutional allocation as key themes for 2026.

Bloomberg reported that Fortress saw a major opportunity in the commercial real estate refinancing market, with approximately $4.5 trillion of property loans expected to require refinancing over the following three years. Fortress's commercial real estate credit business was targeting $5B of new deals during 2026.

Vista appointed Suzanne Donohoe as Chief Operating Officer and Chief Commercial Officer. She will oversee fundraising, capital markets, investor engagement, and commercial strategy across the firm's global investment platform.

Companies House records show appointments of Matthew Jamieson, Kai Klae Blumbach, and Georgios Serras as LLP members effective 1 February 2026.

Launched the Aegon AAA ABS Fund, providing institutional investors exposure to AAA-rated asset-backed securities across Europe, the US and Australia, expanding Aegon AM's structured credit offering.

Third Point initiated its first major activist campaign in approximately three years, targeting CoStar Group. Third Point planned to nominate directors and pushed for changes including lower costs, changes to CEO compensation and a strategic review of CoStar's residential businesses, including Homes.com and Apartments.com.

AustralianSuper reported that it had added 11 high-quality GP relationships during 2025, expanding future investment opportunities.

Expanded ESG integration and stewardship initiatives across public and private investment strategies.

Crescent closed CSS VII CV, described as the largest single-fund portfolio in private-credit secondaries to date. Pantheon led the transaction and AllianzGI co-led.

Crescent closed CCS VII CV, described as the largest single-fund portfolio in private-credit continuation to date. Investors included Pantheon, AllianzGI, Hamilton Lane, and Ares. Antares was a transaction and AllianzGI co-led.

Pemberton appointed Robin Bailey CFO, Chris Eberker Head of Credit-Direct Lending and Matthew Kirsch Head of Credit-ABF. Cassandra Faly expanded into European (EP/NAV) and ABF origination.

Five Arrows invested alongside existing shareholder Vista in StarRez, a student housing software provider. Vista will continue supporting the company's international expansion and product innovation.

The Investment: LACERA deployed $125 million to acquire secondary fund interests.Target Funds: The capital was used to buy stakes in two underlying component funds within the IDR Core Property Trust (an open-ended, commingled real estate vehicle).Strategic Intent: This follows LACERA's overarching plan to shift away from individual customized separate accounts into diversified, commingled platforms to streamline real estate administration. Detailed operational reporting for this was monitored via SecondaryLink's mid-2026 Institutional Briefings.

Coller completed the final close of Coller International Partners IX and related vehicles, bringing its latest private equity secondaries fundraising cycle to $17 billion.

Second vintage of the firm's global asset-backed private-credit strategy reached final close, including related separate accounts.

Adams Street Partners closed ASP PIF CLO I, LLC, a CLO strategy vehicle under Private Credit, at $350 million USD. Final close date was 07 January 2026.

Third Point's activity around CoStar represented a renewed activist investing push after a period without a major activist campaign. Its subsequent April exit demonstrated a willingness to terminate an activist thesis when the expected value creation opportunity no longer met its investment criteria.

BCPP published its annual investment outlook covering geopolitics, AI, market valuations, UK growth, energy transition and long-term structural investment themes.

Long-standing CIO and Deputy CEO Mark Delaney announced his retirement after 25 years. He remained CIO through 30 June 2026.

JPMAM closed PEG Global Private Equity XII at $1.44 billion, above its $1.25 billion target. The fund invests globally across buyout and early-stage venture strategies through primary investments, secondaries and co-investments.

Firm highlighted U.S. second-lien residential mortgages, European SME asset-based lending and U.S. mid-ticket equipment finance as attractive ABF segments.

Aegon presented its long-term strategy, capital allocation priorities, and business outlook, including its asset management operations and investment platform.

Aegon announced a strategic review of its UK operations, including evaluating a potential divestment. The company stated that Aegon Asset Management is separate from Aegon UK and is not included in the review, confirming the asset manager continues to operate independently within the group.

JPMAM highlighted opportunities across private equity, private credit, real estate, infrastructure, transportation, timberland and hedge funds, with AI and public-private market convergence as major themes.

Séverine Tourlois appointed Director of Individual Savings and Retirement effective 8 December 2025. Jean-Luc François became General Secretary on 2 January 2026.

Invesco disclosed more than $130 billion in private markets AUM and highlighted plans to expand private credit and multi-asset private markets capabilities.

AustralianSuper announced senior investment appointments including Bob Debi Tawari as Head of International Equity Portfolio and Alexandre Bretti as Senior Investment Director, European Private Credit.

Announced global leadership transition: Brad Gries to become Global CEO and Tim Kessler President (effective Jan. 1, 2026). Leadership succession and continuity planning.