I suppose that in a hole, with a event horizon beeing constant (for a very long while), there is/was a kind of singularity which is expanding as far as we can observe (in our observable universe).
Starting at some time the singularity changed from radiation behaved to baryon behaved. In the mean time our hole is changing from a white hole into a black hole. In this hole, specialness from high to low, Blackhole are forming en clustering, entropy is going from low to high. Entropy will reach a value dictated by the Bekenstein-Hawking formula Sbh=A/4 . (Planck units 10^123). (see Penrose book "The road to reality"). That will not be the end of the story because black holes will evaporate in the spacetime of a multiverse. I suppose that in a multiverse a kind of concentrated radiation singularities will form serving as new bigbangs. (In such formation process entropy goes down). This way of thinking makes it possible for me see reality as a autonomous process without creation, begin or end. Of course this is pure speculation, but creation for me is even more speculative.