The Fed’s 25 bp cut: a careful step into an uncertain fall
The Federal Reserve trimmed its benchmark rate by 25 basis points at its latest meeting, lowering the federal funds target range to 4.00%–4.25%, its first reduction since December.
Private equity is rewriting its strategy. GP-led secondaries have surged to $48B in just the first half of 2025, Advent cashed in a €4.1B exit, and add-on activity, while still dominant, shows signs of fatigue at $285B YTD.
In our latest PE150 micro-survey, we asked 130 professionals across private equity sponsors, corporate development, consulting, and investment banking a pivotal question:
Why Illiquidity May Be PE’s Greatest Advantage (The Data Says So)
Illiquidity’s edge, biotools’ exit reset, private credit’s quiet outperformance, and semiliquid AUM at $344B—the signals that matter for PE returns now.
The United States is exhibiting growing signs of fiscal dominance, a macroeconomic condition in which fiscal imperatives — persistent deficits and rising public debt — begin to influence or constrain monetary policy.
Gross Capital Formation: Your New Favorite KPI That Actually Predicts Winners
Economic growth does not happen by accident. It is the result of deliberate choices by individuals, institutions, and governments to foster a productive environment that channels savings into investments that power long-term prosperity.
