Private equity giant emerges from darkest hour, management fees feast cannot hide spread concerns.

According to the Wall Street Journal financial app, for private equity giants, the darkest moment has passed. Industry leaders such as Apollo Global Management, Blackstone, Carlyle, and KKR have survived the trading winter in a high interest rate environment, each seizing the opportunity to solidify their differentiated development strategies. With more opportunities for private equity and credit assets to be included in retirement investment portfolios, a new wave of fund launches has already begun. The challenge now facing them is how to sustain this growth momentum.