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)
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