Private Investing Market Pulse

Research evidence excerpt

Private Investing Market Pulse

Financials | Brokers, Banks & Asset Managers

July 02, 2026

Glenn Schorr, CFA Benjamin Rubin, CFA, CPA John Dunn Matthew Lyons, CFA

212-653-9045 646-551-8502 212-446-9455 212-336-1709

glenn.schorr@evercoreisi.com Benjamin.Rubin@evercoreisi.com John.Dunn@EvercoreISI.com matthew.lyons@evercoreISI.com

I don't know what you heard or saw this week, but we thought we'd highlight the most interesting stories

across private markets and wealth management.

APO Estimates Q2 Alternative NII of $350mn (pre-tax) and an Annualized Alt Return of 9%

|SEC| A good improvement from 6% last quarter but still a bit short of the 11% target.

Ares Leads $100 Million Investment in Premier Lacrosse League

|Bloomberg| Nice timing with lacrosse being in the 2028 Olympics.

How Some Private-Equity Managers Collect Big Fees on Paper Gains

|WSJ| Looks like the discussion around day-one markups and incentive fees on unrealized gains continues.

Mexico Courts BlackRock, KKR to Ramp Up Infrastructure Projects

|Bloomberg| Nosotros necesitamos más infraestructura.

Private Credit Is Powering a ‘Buy Now, Pay Later’ Boom in the US

|Bloomberg| We’re hoping for more transparency as forward-flow agreements continue to pick up steam.

Bloom Energy, Brookfield expand AI infrastructure power partnership to $25 billion

|Reuters| Financing AI infrastructure power projects through BAM’s dedicated AI Infra fund.

Digital Realty Announces Purchase of Blackstone Interest in Three Northern Virginia Data Centers

|BX| Selling its interest in three fully leased data centers that are worth ~$8bn at a 6.5% cap rate.

Ares Launches New Asia Private Credit Fund Targeting Buyouts

|Bloomberg| Kicking off fundraising for Asia Direct Lending II having raised $1.7bn in the previous vintage.