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Private Markets Elite Gather in Berlin Amid Not-So-Super Returns

Private market dealmakers attending SuperReturn in Berlin this week are likely to be handed a short but sharp to-do list by their investors: give us our money back.

Blue Owl signage outside the Seagram Building at 375 Park Avenue in New York, US, on Wednesday, April 8, 2026. The outlook on the flagship fund of private credit giant Blue Owl Capital Inc. was cut to negative by Moody's Ratings, the latest sign of mounting strains in an industry stung by investors rushing to pull their money from funds aimed at retail buyers.

Drone Makers Quantum and Destinus Seek Banks for 2027 IPOs

Quantum Systems and Destinus are in talks to line up advisers for potential IPOs as soon as early 2027, people familiar with the matter said, as the drone makers seek to tap surging demand for unmanned defense assets.

A model of a Hornet Block2 drone from Destinus at the Brussels European Defense Exhibition and Conference in Brussels, in March.
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