Private Investing Market Pulse

Research evidence excerpt

Private Investing Market Pulse

Financials | Brokers, Banks & Asset Managers

July 10, 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.

KKR’s Arctos Raises $6.2 Billion to Back Private-Markets Managers

|WSJ| From sports franchises to GP stakes, Arctos raised $6.2bn for its 1st GP solutions fund (vs. $4bn target),

the first major close since being acquired.

Private Take: Bad habits from the era of ‘easy money’

|PE Int| STEP CEO Scott Hart noted that the PE model isn’t broken, but the illusion of uniform success is.

Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin

|CNBC| GS picks up a $70bn Verizon/Lockheed outsourced-CIO mandate for its ~$480bn OCIO book.

Private-Equity Firms Are Sitting on a Nine-Year Backlog

|WSJ| Exits and deal values continue to decrease as PE backlogs grow. Underlying PitchBook data here.

MSCI and UBS announce strategic partnership to bring greater transparency to private markets

|MSCI| MSCI and UBS team up to address data gaps in private markets.

Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group

|CG| Fortitude reinsures a long-term-care block from Unum adding to CG’s AUM base.

Morgan Stanley Aims to Integrate Investment Management, Equity Strategies for RIAs

|Wealth Mgmt| Cross-division initiative shows promise. MS raised ~$1.5bn of structured products via RIAs.

SEC to Take Up Off-Channel Comms, Performance Fees