Firms acquiring assets, partnering with banks, to drive portfolios
Regulator details vision for retail funds that hold long-term assets
Deal volume down, but surge in "mega deals" drives value
Firm aims to expand its private wealth secondaries business
Unregistered investment funds are allegedly costing investors millions
Competition and regulation pressuring firms' margins, earnings
Funds shifting asset allocations away from offices, toward private credit
Deal volume up, value soared driven by more "mega" deals
Funds used investor capital to pay distributions
The move is expected to boost transparency, access in the private investment space