In a tongue-in-cheek private credit glossary making the rounds, ABS, the usual abbreviation for asset-backed securities, has been rebranded as “anything but software.” Once darlings of the market, software firms have turned into black sheep as artificial intelligence...

Robinhood Markets Inc. is planning to increase how often it debuts publicly traded closed-end funds after unveiling its first two attempts at making private firms more widely available to its retail customers. The first fund, which holds stakes in large private...

Hedge fund billionaire Bill Ackman’s investment firm is working on a new investment vehicle to give investors access to pre-IPO companies, joining a wave of new funds offering exposure to fast-growing startups. Pershing Square Inc. has begun the process to launch the...

The Pentagon is moving to speed up the deployment of high-powered lasers and other counter-drone systems around key US facilities, amid increased threats from unmanned aircraft. The Defense Department will sign an agreement within days with the Department of Homeland...

The private assets secondary market could reach $250 billion this year after surging to a record $121 billion in the first half of 2026, Nigel Dawn, global head of the private capital advisory group at Evercore Inc., said in a Bloomberg TV interview. Dawn attributed...

New York City’s five pensions beat their investment target over the past fiscal year, propelled by a record-breaking US stock market. The funds for police officers, firefighters, teachers, civil employees and school personnel returned 13% in the year through June 30,...