Blackstone is combining two makers of seekers, radar and guidance electronics into a new company, Falcata, the clearest sign yet that buyout money is chasing Western rearmament.

The counterpoint to the gating headlines: requests at the flagship funds eased from the prior quarter, which the firm casts as stabilisation. Whether it is a turn or a lull will set the tone for alt-manager shares.

Ares supplied $2bn of the package, a marker of how deep infrastructure debt can run for a single platform.

The Global Structured Solutions fund closed above four times target, feeding the growing GP-capital corner of the secondaries market.

A fundraising tally showing where LP commitments are landing as the year's last stretch begins.

The case is a caution on retail appetite for pre-IPO vehicles as Washington moves to widen private-market access.

The alert covers the wrappers through which private credit now reaches individual investors, and what each proposal would change for them.

A weekly roundup of senior moves across private-markets firms.