Private Equity Bros Weekly

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📊 Weekly Summary

Your weekly roundup of key economic and market headlines:

The BoE cut rates for the fifth straight meeting to 4%, while stagflation worries deepened on Wall Street. A report shows that Trump’s tariff war has already cost the auto industry $12B. Apple pledged $100B to domestic manufacturing under tariff pressure. In Asia, Chinese tech giants are rushing to list in Hong Kong, fueling a boom in the city’s IPO market.

In markets, investors are rotating away from private credit and passive equities toward hedge funds, though private credit managers are ramping up open-ended, retail-focused funds. Carlyle saw a profit boost from stronger PE exits, and Citigroup hired a new M&A co-head from JPMorgan.

Let’s break it down.

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📈 Recent Finance News

BoE cut rates for a fifth-straight time to 4%: This decision takes the cost of borrowing to the lowest level in more than two years (BBC)

Investors cool on private credit and passive equities: Big investors are more interested in hedge funds as a sector than they have been for years (YF)

China’s star tech companies rush to list in Hong Kong: It follows recent reforms to the city’s confidential filing rules, fueling a booming listing market (SLG)

Stagflation concerns ripple through Wall Street as tariffs bite: Fears grow over a mix of slowing growth and sticky inflation (MSN)

Citigroup names new co-head of M&A from JPMorgan: The recruitment is part of a series of strategic hires from a key industry rival (YF)

US raised India tariffs to 50% over Russian oil purchases: These new tariff rates are among the highest levies on any of the US trading partners (CNBC)

Carlyle boosted PE exits in Q2, lifting profits: It builds momentum across its platform amid stronger fee-related revenue and successful portfolio exits (PEW)

Apple will commit $100B to domestic manufacturing: It comes after Trump singled out Apple earlier this year, threatening to raise tariffs on its products (BBC)

Trump's tariff war has cost the auto industry $12B so far: Rising tariffs and disrupted supply chains weigh heavily on global carmakers (YA)

Private credit goes big on open-ended funds to lure retail cash: These vehicles bring a new set of risks for the fast-growing industry (FP)

🔍 Newly Released Reports

• Differentiating Your Practice with Private Markets (KKR)

• Total Portfolio Impact in Investment Management (NB)

• Private Market Opportunities for US investors (CCMR)

• Investment Review and Market Outlook (Northstar)

• Private Credit Market Overview (Sycamore Tree)

• Private Equity Fundraising Q2-25 Outlook (PW)

• European Real Estate Mid-Year Review (CBRE)

• UK Real Estate Mid-Year Review (CBRE)

• Private Credit Outlook (Oaktree)

🤝 M&A Activity

Skydance Media and Paramount Global complete merger (Paramount)
Deal Value: $8B

Blackstone to acquire energy data platform Enverus (PEW)
Deal Value: $6B

UnitedHealth to acquire home health provider Amedisys after DOJ settlement (HD)
Deal Value: $3.3B

Hong Kong CKI leads bidding for UK LNG terminal from National Grid (AInvest)
Potential Deal Value: $2.7B

AT&T considers sale of Mexico unit (Investing)
Potential Deal Value: $2B+

Disney’s ESPN to acquire exclusive rights to WWE from TKO Group (LAT)
Deal Value: $1.6B

Energy Capital Partners buys GFL’s Infra stake in $3.1B valuation deal (FP)
Deal Value: Undisclosed

Hg explores a potential exit from financial data firm FE fundinfo (PEW)
Deal Value: Undisclosed

Novartis offers to acquire US biotech Avidity Biosciences (BS)
Deal Value: Undisclosed