In private equity news, BlackRock and Partners Group launched a new private-markets investment account for wealthy individuals. Distributed via Morgan Stanley, the account offers exposure to private equity, credit, and real assets. This marks the first product from their 2024 strategic partnership, providing a unique multi-asset class investment vehicle for high-net-worth clients.

KKR is reportedly in advanced talks to acquire a stake in CVC Capital Partners' Global Sport Group for approximately €2.75 billion ($3 billion). The group holds stakes in major sports properties. Ares Management is also in the running, underscoring the competitive landscape for deals in the sports sector and the growing interest in alternative investments.

HarbourVest Partners closed a $1.1 billion structured solutions vehicle focused on private market secondaries. The vehicle, backed by HarbourVest and Ares Management affiliated funds, will invest $1.1 billion. Blackstone Credit and Insurance is providing senior financing. Secondary market activity reflects ongoing liquidity needs within private markets.