Sector Investment 24 Hours

Last updated: April 24, 2026, 2:30 PM ET

Private Markets & Real Assets

Fundraising activity within private markets shows extreme concentration, with the top 10 managers securing a collective $403 billion between 2021 and 2025, underscoring reliance on established players. This trend contrasts with ongoing dealmaking efforts; for instance, Basalt secured $1.5 billion in the first close for its fifth infrastructure fund, reaching half of its $3 billion goal just eight months post-launch. Concurrently, the rising cost of capital is creating friction for dealmakers struggling to underwrite new acquisitions and restructure existing capital stacks amid global geopolitical volatility. In real estate, Australia's Qualitas expanded its direct asset management division, appointing Jesse Curtis to lead a new platform focused on sourcing stable, income-producing properties domestically.