A state senator has introduced a bill that would bar private equity and hedge funds invested in a physician or dental practice from interfering with the professional judgment of physicians or dentists in making health care decisions.

Private equity was trounced by the Magnificent Seven in 2024, leading to the asset class taking up a smaller portion of the largest retirement plans’ asset mixes, Pensions & Investments' annual survey data shows.

Such outside investment can provide NFL team owners with liquidity as some look to cash in on the ever-rising team valuations or fund projects such as building new stadiums.

KKR raised $32 billion in the quarter and $108 billion in the 12 months that ended June 30. KKR expects to raise $300 billion of new capital in 2024 through 2026.

Private-equity exits edged up in the second quarter, with 515 deals worth a combined $88.7 billion, up 2% in exit number and up 47% in transaction value from the previous quarter, Preqin data shows.

The alternative-investments manager attributed the new record AUM to its credit and insurance business.