Key Takeaways
- • Goldman Sachs' David Solomon says private equity sponsors are incentivised to hold onto assets rather than sell them, according to Private Equity International's Side Letter newsletter.
- • BlackRock expects evergreen private market funds to 'turn a corner', per the same edition.
- • Audax is seeking more than $6 billion for a new flagship fund.
Summary
The October 15, 2026 edition of Private Equity International's Side Letter newsletter, titled "Self-inflicted illiquidity?", highlights three developments in private markets. Goldman Sachs chief executive David Solomon argues that sponsors are incentivised to sit on assets, a dynamic that contributes to the liquidity constraints facing limited partners, according to the newsletter's summary.
The edition also reports that BlackRock expects evergreen funds to 'turn a corner', signalling anticipated improvement in the performance and investor reception of perpetual-structure vehicles that have drawn scrutiny over redemption terms and liquidity.
Separately, Audax is seeking more than $6 billion for a new flagship fund, a fundraise that would mark a significant step for the manager's flagship strategy.
The full article is available to subscribers only, so additional detail on the Solomon remarks, BlackRock's evergreen outlook and Audax's fund terms could not be independently verified from the text available here.
The edition also reports that BlackRock expects evergreen funds to 'turn a corner', signalling anticipated improvement in the performance and investor reception of perpetual-structure vehicles that have drawn scrutiny over redemption terms and liquidity.
Separately, Audax is seeking more than $6 billion for a new flagship fund, a fundraise that would mark a significant step for the manager's flagship strategy.
The full article is available to subscribers only, so additional detail on the Solomon remarks, BlackRock's evergreen outlook and Audax's fund terms could not be independently verified from the text available here.
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