Metacasts: Private Markets

This week's edition examines the structural transition from global economic efficiency to a new paradigm of geopolitical friction and industrial autonomy. We analyze how the convergence of energy constraints, the decoupling of supply chains, and the rise of secondary markets is redefining alpha for institutional allocators.

Read this edition in full at pers-int.com

0:00 - Introduction
0:38 - Geopolitical Friction and the New Macro Paradigm
6:36 - Infrastructure & Real Estate: Investing in the Physical Backbone
12:21 - The Venture Shift: Liquidity, Secondaries, and AI Disruption
17:40 - The Exit Playbook: Mastering the Art of the Sale
20:37 - The New Era of Credit: From Quant Models to Private Debt
23:05 - Conclusion

Referenced sources:
ODIT How Blue Owl's Data Center Fund Makes Money (Accredited Investor Insights)
Follow the Breadcrumbs Who Owns the Risk in Project Jupiter (Accredited Investor Insights)
Clarion Partners' Josh Pristaw - an industrious approach to real estate investing (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
The Goldilocks Zone Finding Value in Venture & Growth Secondaries Ep. 42 (Alternative Allocations with Tony Davidow)
SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips (Bloomberg Intelligence)
Paramount Closes Warner Merger in Historic Hollywood Deal (Bloomberg Intelligence)
CH Robinson to Buy RXO for $5.8 Billion in Bet on AI Model (Bloomberg Intelligence)
Real Estate Credit Over Yield at Invesco - Charlie Rose (EP.519) (Capital Allocators – Inside the Institutional Investment Industry)
The Infrastructure Opportunities Hiding in Plain Sight w NOVA Infrastructure's Allison Kingsley and Chris Beall (Dry Powder: The Private Equity Podcast)
Inside the Revival of Venture Capital Liquidity with an Industry Pioneer (Exchanges)
E439 Ethan Thornton The 22-Year-Old Building a $3.7 Billion Defense Company (How I Invest with David Weisburd)
E438 Will Robbins on Elon Musk, AI & the Future of Silicon Valley (How I Invest with David Weisburd)
Investors Know What Not to Do in Emerging Markets. But They Keep Doing It Anyway. (In Conversation with Julie Segal)
MacroVoices #553 Brent Johnson Disparate Housewives (Macro Voices)
Balancing Conviction and Risk Masters in Business with Maria Vassalou (Masters in Business)
What Everyone Gets Wrong About the Economic Problems in Europe (Odd Lots)
Why Treasuries Are 'Risky' Again (Odd Lots)
Why Treasuries Became Risky Again (Odd Lots)
Partners Group-backed Middle River Power buys California gas plant from Ares (Private Equity Insights)
GIP and CPP Investments take half of new AT&T fibre joint venture (Private Equity Insights)
The Exit Playbook The human key to exits (Private Equity Spotlight)
Apollo eyes bigger role in government financing (Private Equity Wire)
Blackstone Is Predicting a Big Surge in Quant Credit Investing (The Credit Edge by Bloomberg Intelligence)
Ardian 'We've been less shy on factoring growth into our business plans' (The Infrastructure Investor Podcast)
The mid-market advantage Higher returns, easier exits (The Infrastructure Investor Podcast)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the fundamental decoupling of innovation from traditional scalability, as the AI revolution shifts from software-driven growth to a capital-intensive era of physical infrastructure and energy constraints. We analyze the emergence of 'agentic commerce,' the structural risks within the $75 trillion intergenerational wealth transfer, and the new, debt-driven exit playbook defining modern private markets.

Read this edition in full at pers-int.com

0:00 - Introduction
0:43 - The AI Transformation and Tech Moats
7:43 - Managing the Global Wealth Transfer
11:28 - Credit Volatility and Distressed Debt
15:03 - The Great Infrastructure Supercycle
18:00 - Navigating the New Exit Playbook
20:48 - Conclusion

Referenced sources:
Powering the Supercycle Electrification, Talent, and the 2027 Industrial Outlook - Part B (BDO Private Equity PErspectives Podcast)
Micron Gives Bullish Forecast, Even as Pay Raises Crimp Margins (Bloomberg Intelligence)
Smart Ring Maker Oura Becomes Latest Company to Delay US IPO (Bloomberg Intelligence)
Smart Ring Maker Oura Delays IPO (Bloomberg Intelligence)
Nvidia Boosts Share Buyback Program by $150 Billion (Bloomberg Intelligence)
Muse Powers Meta to Cusp of $2 Trillion in Best Month Since 2013 (Bloomberg Intelligence)
Building for What's Next Data, AI and the Future of APAC Investing (Faster Forward)
E436 Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble (How I Invest with David Weisburd)
E435 Why Most Companies Aren't Ready for AI (How I Invest with David Weisburd)
Noah Shinn - Building Instinct The Personal Agent - (Invest Like the Best with Patrick O'Shaughnessy)
Investing In The Great Wealth Transfer Masters in Business with Adam Frank (Masters in Business)
Charlie Tafoya Trust, Data and the Next Ten Years (Modern Capital: The Private Markets Podcast)
Everything in Markets Is Now Moving Incredibly Fast (Odd Lots)
Oura postpones $2.2bn Nasdaq IPO, putting investor exits on hold (Private Equity Insights)
The Exit Playbook Right-timing the exit (Private Equity Spotlight)
Ares raises $4.2bn for first structured solutions secondaries fund (Private Equity Wire)
Europe faces $800bn annual infrastructure funding need, says KKR (Private Equity Wire)
TPG raises $10bn for second climate private equity fund (Private Equity Wire)
Nuclear power, and recommissioning (Private Equity Wire)
AI data centre boom drives new private investment in clean energy (Private Equity Wire)
Metrics freezes redemptions as Australian private credit pressures mount (Private Equity Wire)
Warburg Pincus hits $12bn of exits in 2026 (Private Equity Wire)
Clearlake secures $1bn CFO financing after restructuring collateral mix (Private Equity Wire)
Bain Capital weighs $15bn-plus Edged deal in US data centre push (Private Equity Wire)
Goldman's $18.2bn private credit fund sees redemption requests fall to 2% (Private Equity Wire)
PE targets fragmented sports services market as M&A activity doubles (Private Equity Wire)
Golden Gate Capital sued over PHL insurer's $2.2bn capital shortfall (Private Equity Wire)
SEC urges greater scrutiny of private asset valuations (Private Equity Wire)
Private credit redemption pressure eases as investor withdrawals decline (Private Equity Wire)
Hudson Bay pulls plans for dedicated private credit platform as BlackRock hires depart (Private Equity Wire)
Metrics Credit Partners suspends three ASX funds after audit triggers asset-value cuts (Private Equity Wire)
Wealthy investors borrowing against PE holdings amid distributions slowdown (Private Equity Wire)
Ares private credit fund sees redemptions ease as withdrawal pressure moderates (Private Equity Wire)
Kirkland & Ellis Sees More Distressed Lenders Flipping Company Boards (The Credit Edge by Bloomberg Intelligence)
Why PE-Backed Go-to-Market Strategies Fail Talent, CRM, AI and Execution (The Private Equity Podcast, by Raw Selection)
Infrastructure Today's Generational Investment Opportunity (The View From Apollo)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the profound pivot in private markets as capital deployment shifts from digital arbitrage to the heavy infrastructure of the AI energy-compute nexus. We analyze how mid-market M&A, the rising complexity of hardware-as-collateral lending, and the structural bottlenecks in global commodity supply chains are rewriting the playbook for operational excellence.

Read this edition in full at pers-int.com

0:00 - Introduction
0:34 - The Evolving Landscape of Mid-Market M&A
5:31 - The AI Infrastructure Arms Race
10:38 - The New Playbook for Private Equity Exits
15:20 - Navigating the Private Credit Crunch
20:20 - Energy Transition and Commodity Volatility
23:12 - Conclusion

Referenced sources:
Wider Doors for Private Markets 274 Days to Close Sponsor Reputation Has a Price CRE Transaction Volume Up (Accredited Investor Insights)
I Squared's Dr. Sadek Wahba - it's time to Build (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
AI Bosses Risk Clash With Wall Street and Trump Over Safety (Bloomberg Intelligence)
Microsoft Plans Data Center Push to Triple Its Computing Power (Bloomberg Intelligence)
What an AI slowdown could mean for investors (FT News Briefing)
E429 Dr. V on AI, Market Bubbles & Finding the Next Anthropic (How I Invest with David Weisburd)
MacroVoices #550 Harley Bassman In FED We Trust (Macro Voices)
Finding Stability in Investing Masters in Business with Seth Bernstein (Masters in Business)
OpenAI President Greg Brockman on Doing Business in the Wake of Hugging Face (Odd Lots)
Robert Friedland on the World's Monumental Shortage of Copper (Odd Lots)
Allocation, allocation, allocation LPs double down on European private credit (Private Debt Investor Podcast)
AURELIUS carves out Hain's European food business in €280m deal (Private Equity Insights)
Brookfield takes minority stake in data centre developer AREP on AI infrastructure bet (Private Equity Insights)
Accel-KKR to take Eleco private in £207.6m AIM delisting (Private Equity Insights)
Blackstone-backed Crux AI secures $22bn chip financing from banks (Private Equity Wire)
EQT targets $50bn India investment programme with data centres in focus (Private Equity Wire)
Bain Capital Ventures raises $1.6bn fund to back 'next-gen' AI startups (Private Equity Wire)
Carlyle targets US defence mid-market (Private Equity Wire)
Golub Capital appoints MD to lead GP-led secondaries strategy (Private Equity Wire)
US private credit defaults climb to record 6.3% (Private Equity Wire)
Hong Kong PE firms turn to control deals (Private Equity Wire)
Luke Sarsfield on investing through disruption (Private Equity Wire)
PE execs warn 2019-21 buyout funds face disappointing returns (Private Equity Wire)
Arini set to close debut European direct lending fund at $4bn (Private Equity Wire)
BoE says private credit stress test could counter market pessimism (Private Equity Wire)
HarbourVest raises $2.4bn for private credit secondary strategy (Private Equity Wire)
PE's AI exposure has institutional investors on alert (Private Equity Wire)
Blackstone to acquire Flow Control Holdings from Audax (Private Equity Wire)
How continuation vehicles are reshaping infra investing (The Infrastructure Investor Podcast)
Inside the renewables co-location wave reshaping investment (The Infrastructure Investor Podcast)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the fundamental decoupling of credit performance from historical liquidity assumptions as the era of easy refinancing ends. We analyze how private market leaders are pivoting from simple leveraged buyouts toward managing the complex, energy-intensive physical infrastructure and geopolitical supply chains required for the AI revolution.

Read this edition in full at pers-int.com

0:00 - Introduction
0:39 - The Credit Crunch: Defaults, Debt, and the Darwinian Moment
6:31 - New Era of Private Equity: Beyond the Buyout
12:04 - The AI Infrastructure Arms Race
16:40 - The Industrial Playbook: Value Creation and Exit Dynamics
20:11 - Geopolitical Fractures and the New Trade Order
22:44 - Conclusion

Referenced sources:
From Par to Pennies The Problem With Private Credit Marks (Accredited Investor Insights)
Golub Capital's David Golub - inside the mind of one of private credit's pioneers (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Beginning with the End in Mind Exits and Buyer Competition in the Industrial Sector - Part A (BDO Private Equity PErspectives Podcast)
Microsoft Plans Data Center Push to Triple Its Computing Power (Bloomberg Intelligence)
Oil hits $108 ahead of Iran's meeting with Gulf states (FT News Briefing)
AI rewrites the venture capital playbook (FT News Briefing)
DeepSeek mania spawns shadow market (FT News Briefing)
Is the global maritime order breaking down (FT News Briefing)
Extended chat Top US trade official defends Trump's record (FT News Briefing)
E427 AQR's Peter Hecht on AI, Market Bubbles & How the Best Investors Build Portfolios (How I Invest with David Weisburd)
E426 American Securities CEO on Warren Buffett, Private Equity & Playing the Long Game (How I Invest with David Weisburd)
Walter Russell Mead - How America Keeps Winning - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #549 Matt Barrie AI-gent Provocateur (Macro Voices)
Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real (Odd Lots)
Blackstone buys data centre cooling firm FCH from Audax (Private Equity Insights)
CVC names Todd Sisitsky and Peter Rutland as co-CEOs, with Sisitsky poached from TPG (Private Equity Insights)
Edmond de Rothschild hires Mirova's Zineb Bennani to build out private markets (Private Equity Insights)
Crescenta opens private equity to retail investors with €5,000 minimum ELTIF (Private Equity Insights)
Cinven raises €2.3bn for second Strategic Fund, beating target by 50% (Private Equity Insights)
Why 'smoke and mirrors' won't cut it during fundraising (Private Equity Spotlight)
Thoma Bravo offers lenders more protections in Sophos refinancing (Private Equity Wire)
BoE says private credit stress test could counter market pessimism (Private Equity Wire)
PE's AI exposure has institutional investors on alert (Private Equity Wire)
Blackstone to acquire Flow Control Holdings from Audax (Private Equity Wire)
EQT launches Asia Pacific evergreen strategy for private market investors (Private Equity Wire)
Apollo's Kleinman sees strong private capital deployment ahead (Private Equity Wire)
CVC appoints TPG veteran Todd Sisitsky as co-CEO in leadership succession (Private Equity Wire)
Thoma Bravo seeks lender backing for $2.1bn Sophos refinancing (Private Equity Wire)
Platinum Equity agrees €400m sale of De Wave to Renaissance Partners (Private Equity Wire)
Main Capital Partners makes UK debut with majority investment in Orgvue (Private Equity Wire)
Bridgepoint Credit transfers €1.2bn loan portfolio to Pantheon-led continuation vehicle (Private Equity Wire)
Blue Owl slashes Loparex loan valuation as bankruptcy risk mounts (Private Equity Wire)
Hedge Fund Andromeda Warns of 'Titanic' Debt Disaster as Yields Soar (The Credit Edge by Bloomberg Intelligence)
Critical Load What's next for data centres and AI (The Infrastructure Investor Podcast)
Crossroads (The Insight by Oaktree Capital)
9 PE-Backed Exits and 20+ Add-on Acquisitions What Winning Private Equity CEOs Get Right (The Private Equity Podcast, by Raw Selection)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the structural shift from asset-light software to the capital-intensive reality of the AI arms race, focusing on the critical scarcity of power, hardware, and electrical components. We analyze the resulting pressures on private credit liquidity, the emergence of synthetic exit strategies in M&A, and the growing tension between massive fiscal expansion and global supply chain constraints.

Read this edition in full at pers-int.com

0:00 - Introduction
0:37 - The AI Infrastructure Arms Race
6:51 - Global M&A and the Art of the Exit
12:49 - Credit Stress and the Private Lending Landscape
17:44 - Macro Shocks and Monetary Policy Uncertainty
20:42 - The New Era of Defense and Hard-Tech
22:43 - Conclusion

Referenced sources:
AAA CLOs Have Never Lost a Dollar (Accredited Investor Insights)
No Sellers at a 26% Haircut Apollo Invests $1B in SREIT Vanguard's $4B Bet on Advisors (Accredited Investor Insights)
The World Rewired AI, Private Markets & the Future of Investing Ep. 41 (Alternative Allocations with Tony Davidow)
Instant Reaction US Adds 162,000 Jobs, Topping All Estimates (Bloomberg Intelligence)
Broadcom Slides After AI Chip Forecast Underwhelms Investors (Bloomberg Intelligence)
Apple's Ternus Takes Reins as CEO With AI a Priority (Bloomberg Intelligence)
Warsh's Jackson Hole Debut; Harvard's Rogoff Says US Needs 'Shock' To Fix Debt (Bloomberg Intelligence)
Where AI Is (and Isn't) Creating Value (Dry Powder: The Private Equity Podcast)
The Outlook for Data Center Power Demand as AI Token Use Grows (Exchanges)
Russia secretly helping Iran develop supersonic missiles (FT News Briefing)
E423 Castelion CEO on Elon Musk, Hypersonic Missiles & the Future of Defense (How I Invest with David Weisburd)
Sarah Guo - What the 250 People Building AI Believe - (Invest Like the Best with Patrick O'Shaughnessy)
Sarah Guo - Funding the Frontier - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #548 Dr. Carly Anderson Emerging Energy Technologies Roundup (Macro Voices)
Why Laser Beams Are the Hottest New Tech in Defense (Odd Lots)
What's Behind the Big Surge in US Government Bond Yields (Odd Lots)
Adam Posen Thinks Things Could Get Very 'Messy' for the Fed (Odd Lots)
Richmond Fed's Tom Barkin on the Surprisingly Resilient Real Economy (Odd Lots)
Blackstone holds firm at 5% as redemptions test its flagship private credit fund (Private Equity Insights)
Thoma Bravo weighs $2bn-plus sale of construction software maker Foundation Software (Private Equity Insights)
CPP Investments takes control of Nordic data centre platform atNorth in $4bn deal (Private Equity Insights)
KKR exits USI in $17bn sale to Aon, crystallising a 6x return (Private Equity Insights)
Cliffwater private credit fund caps redemptions again (Private Equity Wire)
UK PE carried interest hits record £5.4bn (Private Equity Wire)
Blackstone's $77bn private credit fund keeps 5% redemption limit (Private Equity Wire)
US private credit lenders mark down more software loans (Private Equity Wire)
Brookfield targets $600m dividend from HomeServe in proposed asset-backed refinancing (Private Equity Wire)
KKR set for $3.3bn gain from $17bn USI Insurance sale to Aon (Private Equity Wire)
Apollo agrees $4.1bn sale of Kelvion to SLB (Private Equity Wire)
Episode 41 GIIA Explainer Getting up to speed on Europe's data centre landscape (Talking Global Infrastructure)
Columbia Threadneedle Scans AI Debt Rush for Alpha Opportunity (The Credit Edge by Bloomberg Intelligence)
Critical Load Who pays for data centres (The Infrastructure Investor Podcast)
Can AI Earn It Back The $2 Trillion Test and Other Forces Reshaping Markets and Portfolios (The View From Apollo)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the widening fracture between mounting sovereign debt and the physical constraints of the global economy, from the Fed's opaque policy guidance to the energy-intensive bottleneck of the AI revolution. We analyze how the convergence of protectionist trade wars, infrastructure shortages, and the transition toward a high-spec industrial 'latticework' is fundamentally redefining risk for private market investors.

Read this edition in full at pers-int.com

0:00 - Introduction
0:38 - Monetary Policy and the Sovereign Risk Spiral
7:58 - The AI Debt Deluge and Infrastructure Crunch
14:47 - Geopolitical Friction and Trade Reconfiguration
18:31 - The Changing Face of Global Industry and Labor
21:16 - Conclusion

Referenced sources:
Nvidia Outlook Boosts Tech Stocks, Warsh's Jackson Hole Debut (Bloomberg Daybreak: Asia Edition)
Kevin Warsh Takes Center Stage, France's Debt Divide, America Bets on English Football (Bloomberg Daybreak: Europe Edition)
Nvidia's AI Sales Surge Prediction, Iran and Oman Agree Hormuz Deal, Malawi's Aid Experiment (Bloomberg Daybreak: Europe Edition)
Nvidia Reignites AI Rally, Iran-Oman Hormuz Deal, The Free Money Test (Bloomberg Daybreak: Europe Edition)
Bloomberg Surveillance TV August 27th, 2026 (Bloomberg Surveillance)
Jackson Hole Preview (Bloomberg Surveillance)
Chartbook 471 Still Safe Cognitive dissonance in the Treasury market. (Chartbook)
Inside Ukraine's Azov Drone R&D The Engineer Building AI Weapons 18 km From the Front Line Alexander Palamarchuk (Eye On A.I.)
Macro Matters MetLife's Matus on Fed Policy, AI and Markets (FICC Focus)
EU policy could ice out closest trading partners (FT News Briefing)
Druck Calls Out Bessent & Will Jackson Hole Derail The Debasement Trade Weekly Roundup (Forward Guidance)
Crowded field (Geopolitical Dispatch)
Protecting your pension, UK industrials and Nvidia Companies and Markets Show (Investors' Chronicle)
MacroVoices #547 Daniel Lacalle The Future of Reserve Currency (Macro Voices)
Kansas City Fed President Jeffrey Schmid on the First Jackson Hole of the Warsh Era (Odd Lots)
Biden Derangement Syndrome (Paul Krugman)
Amol Rajan Why I'm leaving the BBC (Political Currency)
Discussing ChatGPT and Claude in Workspaces (The AI Podcast)
'Things Are Going to Get Crazier' AI Debt Deluge Recalls 2007 Risks (The Credit Edge by Bloomberg Intelligence)
The Grant Williams Podcast Ep. 131 - Andrew McDermott (The Grant Williams Podcast)
Will Meta's $18 Billion Settlement Change Social Media (The Journal.)
Rational Security The All Takin' and No Givin' Edition (The Lawfare Podcast)
What Is the Outlook for Diesel and Gasoline Supplies (The Markets)
Inside Cursor The Anatomy of a Generational Startup (The a16z Show)
Jackson Hole Tests the Fed's Framework (Thoughts on the Market)
House View Daily Bond markets are repricing more than inflation (UBS On-Air: In the Now)
Top of the Morning The investment implications of data center regulation (UBS On-Air: Market Moves)
Canada says no thank you (Unhedged)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the structural shift from weightless software models to a heavy-industrial era defined by scarcity in land, power, and supply chains. We analyze the intensifying AI infrastructure arms race, the rising contagion risks within private credit, and the emergence of professional sports as a scalable, institutionalized asset class.

Read this edition in full at pers-int.com

0:00 - Introduction
0:36 - The AI Infrastructure Arms Race
6:13 - The New Era of Private Credit Stress
11:17 - The Art of the Take-Private and M&A Strategy
16:45 - Global Macro Shocks and Geopolitical Risk
20:41 - Institutionalizing the Stadium: The Sports Asset Class
23:40 - Conclusion

Referenced sources:
Walmart Slides After Slowest US Sales Growth in Six Years (Bloomberg Intelligence)
Family Offices Amass $3.8 Billion SpaceX Bet in Boost for Musk (Bloomberg Intelligence)
Exits, AI and Asking 'What's Next' w Advent International's John Maldonado (Dry Powder: The Private Equity Podcast)
Why the energy crisis won't save western oil refineries (FT News Briefing)
US Treasury tries to soothe the bond market (FT News Briefing)
Borrowing costs hit multi-decade highs (FT News Briefing)
Airlines in stand-off over cutting ticket prices (FT News Briefing)
Private credit's woes continue (FT News Briefing)
E417 $20B Investor on Risk, Adaptability & the Citadel Method (How I Invest with David Weisburd)
Ben Thompson on Big Tech, China, and the AI Boom Running Out of Money - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #546 Darius Dale Darius Dale for POTUS 2028 (Macro Voices)
Understanding Hyperscalers Masters in Business with Ankur Crawford (Masters in Business)
Jasmine Sun on What the AI Industry Got Wrong About the Public Backlash (Odd Lots)
A Historic El Niño Is Coming That Could Cost the World Trillions (Odd Lots)
Arctos strikes deal for 10% of Atlanta Falcons at $10.6bn valuation (Private Equity Insights)
EQT enters sports with majority stake in Australia's Melbourne Storm (Private Equity Insights)
Clearlake's Feliciano wins record $3.9bn Padres sale in unanimous MLB vote (Private Equity Insights)
Walter weighs selling Chelsea stake to Clearlake as PE firm tightens its grip (Private Equity Insights)
FSG sells Liverpool stake to Bezos-backed consortium at record $7bn valuation (Private Equity Insights)
CVC DIF buys German data centre operator firstcolo from Cube Infrastructure (Private Equity Insights)
Silver Lake in talks to take Workday private in one of software's biggest buyouts (Private Equity Insights)
EQT takes majority stake in Melbourne Storm (Private Equity Wire)
Pinewood Technologies agrees £545m take-private deal with Ridgeview (Private Equity Wire)
Eagle Point leads $1.3bn private credit loan for Anthropic-linked Texas data centre (Private Equity Wire)
Eagle Point leads $1.3bn private credit loan for Texas data centre (Private Equity Wire)
KKR targets $9bn acquisition of US gas and power distributor UGI (Private Equity Wire)
Global private equity firms retreat from China as geopolitical risks mount (Private Equity Wire)
Private credit stress mounts as troubled loans reach highest level since 2017 (Private Equity Wire)
Goldman Sachs seeks investors for Nvidia's $500bn AI financing push (Private Equity Wire)
BMO Slashes Junk Debt Holdings as Geopolitical, Economic Risks Spread (The Credit Edge by Bloomberg Intelligence)
Critical Load Why everyone wants data centres (The Infrastructure Investor Podcast)
EQT 'We're happy to go fully behind the meter. The solutions work' (The Infrastructure Investor Podcast)
Going deep on physical climate risk (The New Private Markets Podcast)
Sports as an Asset Class The $2.5 Trillion Opportunity (The View From Apollo)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the fundamental shift in private markets as the era of simple leverage and interest rate arbitrage gives way to a new mandate for active, physical asset management. We analyze the structural risks posed by the 2028 credit maturity wall alongside the massive capital deployment required for the AI infrastructure arms race and the institutionalization of global sports.

Read this edition in full at pers-int.com

0:00 - Introduction
0:35 - Credit Stress and the Maturity Wall
5:32 - Liquidity Solutions and the Secondary Surge
10:53 - The AI Infrastructure Arms Race
16:11 - Operational Value and the New Go-to-Market
20:54 - The Institutionalization of Pro Sports
22:54 - Conclusion

Referenced sources:
RIT Capital Partners' Maggie Fanari - why permanent capital is a privilege (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
No Shortcuts The Case for Patient Sourcing and Earned Partnerships - Part B (BDO Private Equity PErspectives Podcast)
Anthropic in Talks to Buy Startup Decart for $6 Billion (Bloomberg Intelligence)
CoreWeave Shares Soar After Booming AI Demand Boosts Outlook (Bloomberg Intelligence)
Apollo Inks $2.6 Billion Financing Deal With NY Yankees (Bloomberg Intelligence)
Intel to Sell $15 Billion in Stock After AI Boosts Demand (Bloomberg Intelligence)
Pond Skipping w Advent International's John Maldonado (Dry Powder: The Private Equity Podcast)
E415 Why Every VC Is Suddenly Investing in Defense (How I Invest with David Weisburd)
Eric Vishria - A Decade of Lessons Investing in Software & Hardware - (Invest Like the Best with Patrick O'Shaughnessy)
Josh Kushner's Thrive Holdings raises over $2bn to scale its AI-powered buy-and-build (Private Equity Insights)
Silver Lake and DigitalBridge weigh $100bn IPO or sale of Vantage Data Centers (Private Equity Insights)
Anthropic's early backers eye windfall as investors target record $2tn IPO (Private Equity Insights)
H.I.G. Capital buys UK's Phoenix ME in bet on data centre and life sciences demand (Private Equity Insights)
Exponent taps Apollo, Pantheon, and SQ Capital for $867m H&MV continuation vehicle (Private Equity Insights)
Apollo, Blackstone, Brookfield, and KKR line up behind NVIDIA in $500bn move to make compute an asset class (Private Equity Insights)
Brookfield raises record $77bn in the second quarter, led by private equity (Private Equity Insights)
Iger and Kushner agree record $12.5bn Lakers takeover (Private Equity Wire)
Private capital secondaries set for record $250bn year as LP liquidity needs grow (Private Equity Wire)
EQT-managed EU fund invests in $400m Lovable fundraising round at $13.3bn valuation (Private Equity Wire)
Blackstone weighs abandoning $3bn financing plan for secondaries fund (Private Equity Wire)
Private credit lenders tighten PIK terms as concerns mount over hidden defaults (Private Equity Wire)
Apollo Sports Capital invests $2.6bn in New York Yankees' parent company (Private Equity Wire)
Alvarez & Marsal hires Maureen O'Shea to bolster European PE value creation team (Private Equity Wire)
PE firms turn to minority sales and hybrid capital as LP pressure mounts (Private Equity Wire)
Nvidia joins forces with Apollo, Blackstone and KKR on $500bn AI financing push (Private Equity Wire)
Exponent closes €750m H&MV Engineering continuation fund for at €1.4bn valuation (Private Equity Wire)
Private credit faces rising defaults and weaker returns despite upbeat outlook from managers (Private Equity Wire)
PE firms tap IPOs as M&A exit market remains challenging (Private Equity Wire)
CalPERS backs $300m Monograms' $300m Mountaintop continuation deal (Private Equity Wire)
Partners Group commits more than $1bn to AVK Power Solutions amid data centre boom (Private Equity Wire)
LBO Debt Coming Due Is Next Big Test for Credit Markets, Says ICG (The Credit Edge by Bloomberg Intelligence)
How Private Equity Firms Can Build a Scalable Go-to-Market Engine (The Private Equity Podcast, by Raw Selection)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the fundamental shift from software-driven growth to the massive capital requirements of physical infrastructure, from data center energy bottlenecks to the vertical integration of the AI supply chain. We also analyze the strategic convergence of private credit and insurance, the rise of specialized mid-market buy-and-build strategies, and the structural reconfiguration of global trade and wealth management.

Read this edition in full at pers-int.com

0:00 - Introduction
0:30 - The Infrastructure Arms Race
5:41 - Hunting for Alpha in the Mid-Market
10:49 - The Private Credit & Insurance Convergence
15:44 - Navigating the New Global Order
19:09 - The Evolution of Private Wealth
22:00 - Conclusion

Referenced sources:
Goldman Sachs' Kyle Kniffen - the arc of alternatives at Goldman Sachs (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Sagard's Paul Desmarais III - building the next generation alternative asset manager AGM Live at SuperReturn (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Brookfield's Anuj Ranjan - own the boring that makes exciting possible AGM Live at SuperReturn (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Brookfield's Anuj Ranjan - own the boring that makes exciting possible (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Apple Slides Most Since 2025 After Supply Shortages Hurt Outlook (Bloomberg Intelligence)
Earnings Roundup Meta, Microsoft & Qualcomm (Bloomberg Intelligence)
Nvidia's $750 Billion in Deals Reignite Circular AI Fears (Bloomberg Intelligence)
Building Durable Real Estate Portfolios at Morgan Stanley - Lauren Hochfelder (EP.514) (Capital Allocators – Inside the Institutional Investment Industry)
What the Surge in IPOs Means for Investors (Exchanges)
The Big Tech earnings dilemma (FT News Briefing)
Institutional Investing in a Changing Global Market (Faster Forward)
Sam Altman - How to Make an Abundant Future - (Invest Like the Best with Patrick O'Shaughnessy)
#31 Leaders in Investment podcast Chris Hitchen - Chair of the Nuclear Liabilities Fund (Leaders in Investment - IPE)
MacroVoices #543 Jim Bianco Who Solves Inflation The FED or The Market (Macro Voices)
Serial Innovation in FinTech with Purpose Unlimited CEO Som Seif (Masters in Business)
Why Private Credit Got Entangled With Insurance (Odd Lots)
How the Iranian Economy Actually Works (Odd Lots)
Branko Milanovic on What Comes After Globalization (Odd Lots)
How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content) (Odd Lots)
Platinum Equity to take 50% of Nestlé's waters arm in $3.4bn carve-out (Private Equity Insights)
Brookfield holds $2bn first close on PIF-anchored Middle East buyout fund (Private Equity Insights)
Blackstone Infrastructure extends TXNM Energy merger deadline to May 2027 (Private Equity Insights)
UK PE buyouts remain resilient in H1 as add-on acquisitions offset weaker M&A market (Private Equity Wire)
US insurance regulators scrutinise KKR and Apollo-backed structured investment vehicles (Private Equity Wire)
Stonepeak CEO flags capital markets as biggest risk to AI infrastructure investment boom (Private Equity Wire)
Independent sponsor model gains momentum as PE professionals strike out alone (Private Equity Wire)
Bain explores partial exit from Bridge Data Centres (Private Equity Wire)
Revolut expands private markets offering with Apollo, Ares and Partners Group funds (Private Equity Wire)
Brookfield secures $2bn first close for Middle East private equity fund backed by Saudi PIF (Private Equity Wire)
Blackstone plans Dubai office as PE giant plans targets further Gulf growth (Private Equity Wire)
Why Most Firms Miss on Alts It's NOT the Product, It's the Plumbing (The Private Markets Playbook)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.

This week's edition examines the fundamental structural shift from high-level arbitrage toward the aggressive acquisition of specialized, physical assets. We analyze how the convergence of AI infrastructure demands, the migration of credit into opaque insurance vehicles, and the rise of national market liberalism is redefining the role of the modern private equity manager.

Read this edition in full at pers-int.com

0:00 - Introduction
0:37 - The New Era of Private Equity: Buyouts and Carve-outs
5:56 - The Infrastructure Arms Race: AI, Power, and Pipelines
11:27 - Credit Shifts and Insurance Entanglements
17:05 - Democratizing the Asset Class: Retail and Wealth Tech
20:14 - Geopolitics and the Global Trade Realignment
23:17 - Conclusion

Referenced sources:
WVB All Markets Fund the 0.10% Fund That Costs 3.40% (Accredited Investor Insights)
Brookfield's Anuj Ranjan - own the boring that makes exciting possible AGM Live at SuperReturn (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Brookfield's Anuj Ranjan - own the boring that makes exciting possible (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Apple Slides Most Since 2025 After Supply Shortages Hurt Outlook (Bloomberg Intelligence)
Earnings Roundup Meta, Microsoft & Qualcomm (Bloomberg Intelligence)
Nvidia's $750 Billion in Deals Reignite Circular AI Fears (Bloomberg Intelligence)
Building Durable Real Estate Portfolios at Morgan Stanley - Lauren Hochfelder (EP.514) (Capital Allocators – Inside the Institutional Investment Industry)
What the Surge in IPOs Means for Investors (Exchanges)
Fed holds rates as inflation fears grow (FT News Briefing)
The Big Tech earnings dilemma (FT News Briefing)
Sam Altman - How to Make an Abundant Future - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #543 Jim Bianco Who Solves Inflation The FED or The Market (Macro Voices)
Why Private Credit Got Entangled With Insurance (Odd Lots)
How the Iranian Economy Actually Works (Odd Lots)
Branko Milanovic on What Comes After Globalization (Odd Lots)
UK PE buyouts remain resilient in H1 as add-on acquisitions offset weaker M&A market (Private Equity Wire)
US insurance regulators scrutinise KKR and Apollo-backed structured investment vehicles (Private Equity Wire)
Stonepeak CEO flags capital markets as biggest risk to AI infrastructure investment boom (Private Equity Wire)
Independent sponsor model gains momentum as PE professionals strike out alone (Private Equity Wire)
Bain explores partial exit from Bridge Data Centres (Private Equity Wire)
Revolut expands private markets offering with Apollo, Ares and Partners Group funds (Private Equity Wire)
Ares weighs acquisition of buyout firm Leonard Green (Private Equity Wire)
CVC emerges as frontrunner for stake in jeweller APM Monaco (Private Equity Wire)
Carlyle and Bain Capital in final race for $7bn Wealth Enhancement deal (Private Equity Wire)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.