Vol. I · No. 024 Daily Edition Thursday, October 8, 2026
The Blind Pool
Private Markets · Brought Into Focus

The Blind Pool, free every weekday before the open. One tight read across the private-markets press.

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Today’s Take KKR's $5.1bn purchase of fund administrator Gen II leads a slate in which Sycamore's $8.9bn Boots sale shows big exits can still clear, Apollo pitches tradable private credit and Carlyle cautions lenders on AI concentration. Real assets bring GIP and CPP into AT&T's fibre venture and a $6bn LS Power close, continuation vehicles and GP-stakes funds keep widening liquidity options, and CalPERS and Texas Teachers show allocators still committing. 29 stories

KKR is paying $5.1bn to Hg and General Atlantic for the firm that keeps the books for a large share of the private-funds industry. It is a bet on private markets' continued growth and on owning the data and plumbing beneath the assets, not just the assets themselves. For GPs and allocators, it points to back-office scale becoming a strategic asset.

Alternatives WatchFree
By the Numbers
5.29%
10-year Treasury yield
12 mo · 4.12 → 5.18
▲ CNBC / Trading Economics, Sep 30
4.00%
Fed funds target, upper bound
12 mo · 4.50 → 3.75 → 4.00
▲ FOMC Sep 16 / H.15 Sep 23
-0.06
Chicago Fed credit conditions index
12 mo · -0.04 → -0.06
Federal Reserve Bank of Chicago, week ending Sep 25
$1.5B
Warburg Pincus's raised Ingenia bid, USD
Investing.com (Reuters), Sep 27
$348B
PE NAV in funds 10+ years old
PitchBook, end-2025
$121B
Secondaries volume, H1
Evercore, H1 2026
As of Oct 8, 2026, before the open. No figure was re-verified this morning; all six cells are carried forward unchanged from the Oct 7 edition at their last published readings: the 10-year Treasury yield (5.29%, CNBC / Trading Economics, Sep 30), the Fed funds upper bound (4.00%, FOMC Sep 16), the Chicago Fed NFCI credit subindex (-0.06, week ending Sep 25), Warburg Pincus's Ingenia bid (Sep 27), PitchBook's end-2025 NAV in funds ten years or older and Evercore's H1 2026 secondaries volume. Sparklines are unchanged.

§ Private Equity

§ Private Credit

§ Real Assets & Infrastructure

§ Secondaries & CVs

§ LPs & Allocators

§ Regulation & Tax

§ Law Firm & Expert Insights

§ People & Firms