1623 ET - Large, publicly traded private-equity fund managers such as Apollo, Ares, Blackstone, Carlyle and KKR invested a total of $75.4 billion during the 12-month period through March, 37.6% more than a year earlier, according to PitchBook. Blackstone alone invested $24.8 billion in the latest period, followed by KKR with $20.2 and Apollo, which deployed $15.2 billion, the private-market research provider says. The three firms have a lot of firepower left, having ended March with a combined $357.2 billion in unspent fund capital, or dry powder. "Amid a turbulent macroeconomic backdrop characterized by trade policy uncertainty and mounting volatility in public markets, [large firms] leaned into their contrarian instincts, seizing opportunities where others saw headwinds and risks," PitchBook says. (luis.garcia@wsj.com; @lhvgarcia)
(END) Dow Jones Newswires
June 05, 2025 16:23 ET (20:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.