This week's edition examines the fundamental transition from an era of software optimization to a capital-intensive super-cycle defined by physical scarcity in power, land, and silicon. We analyze how geopolitical shifts in the Strait of Hormuz and the Fed's move toward intentional opacity are forcing private market investors to recalibrate for a world of industrial-scale deployment and structural liquidity stress.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:41 - Macro Volatility: Geopolitics, Interest Rates, and the US Dollar
6:05 - The Great Compute Race: AI Infrastructure and the New CapEx Super-Cycle
11:09 - The New Era of Private Equity: Take-Privates and Strategic Divestments
15:59 - Liquidity Stress and the Evolution of Private Credit
20:43 - From Stadiums to Software: Investing in the New Sports and Consumer Frontier
22:54 - Conclusion

Referenced sources:
Evergreen Funds Lay of the Land (Accredited Investor Insights)
Instant Reaction Kevin Warsh's First News Conference as Fed Chair (Bloomberg Intelligence)
Instant Reaction The Fed Decides (Bloomberg Intelligence)
HPE Boosts Networking Gear for AI Clients, Adds Siemens Energy (Bloomberg Intelligence)
Fox to Buy Roku at $22 Billion Value in Streaming Video Push (Bloomberg Intelligence)
SpaceX Jumps in First Trades Following Record $75 Billion IPO (Bloomberg Intelligence)
WTT AI Fundamentals, Valuation, and the Next Allocator Dilemma (Capital Allocators – Inside the Institutional Investment Industry)
How the US-Iran Deal Could Affect Oil Prices (Exchanges)
Federal Reserve gears up for change (FT News Briefing)
Why Elizabeth Warren is worried about SpaceX (FT News Briefing)
Investors celebrate US-Iran deal (FT News Briefing)
From Undervalued to Opportunity Inside the Rise of Women's Sports Investing (Audio) (Faster Forward)
MacroVoices #537 Brent Johnson There's No Turning Back (Macro Voices)
Jeremy Grantham on How to Tell If a Bubble Is About to Burst (Odd Lots)
The Iran War's Lasting Scars Across Asia (Odd Lots)
Carmen Li's Plan to Build a Futures Market for Compute (Odd Lots)
Anjney Midha's Plan to Radically Lower the Price of Compute (Odd Lots)
ADIA and Mubadala back EQT's £10.9bn take-private of Intertek (Private Equity Insights)
General Atlantic in early talks to lead $2bn-plus round for China's Kling AI (Private Equity Insights)
GIC nears $2bn private credit sale as it taps booming secondaries market (Private Equity Insights)
Jardine pivots to private equity model with $500m buyback and asset sales (Private Equity Insights)
L Catterton in exclusive talks for stake in fitness brand Hyrox (Private Equity Insights)
Elliott takes near-5% Bunzl stake and presses for buybacks and break-up review (Private Equity Insights)
BlackRock caps redemptions on $13bn private credit fund for second quarter running (Private Equity Insights)
Why financial services dealmaking demands deep sector expertise (Private Equity Spotlight)
Partners Group plans dual-class structure for London-listed trust in bid to ease investor exits (Private Equity Wire)
Hillhouse in talks for $600m financing to support DayOne data centre expansion (Private Equity Wire)
Blackstone-led consortium takes control of Medallia in major PE write-down for Thoma Bravo (Private Equity Wire)
Private equity accelerates push into amateur sports as 2026 deal momentum builds (Private Equity Wire)
Oaktree sees private credit outflows ease as redemption requests fall below key threshold (Private Equity Wire)
Bain Capital facing Japan competition after $10.5bn fundraise (Private Equity Wire)
Nearly half of investors expect to up EM private credit exposure, says Gemcorp survey (Private Equity Wire)
AI boom makes Bain's Kioxia bet one of the biggest PE wins on record (Private Equity Wire)
Private credit default rates return to peak levels, says KBRA (Private Equity Wire)
General Atlantic in talks to take lead role in Kling AI funding round (Private Equity Wire)
Blackstone Credit launches asset-based lending platform (Private Equity Wire)
HIG Capital exits Celerion in $1.8bn sale (Private Equity Wire)
AI boom delivers windfall gains for select PE firms amid broader industry pressures (Private Equity Wire)
Private markets investors more selective following recent liquidity stress (Private Equity Wire)
Borrowers accelerate debt issuance as geopolitical easing fuels risk-on credit markets (Private Equity Wire)
Banks compete to arrange £5bn financing for EQT-backed Intertek takeover bid (Private Equity Wire)
University of Utah inks first-of-its-kind athletics PE partnership (Private Equity Wire)
L Catterton in talks to acquire stake in fitness brand Hyrox (Private Equity Wire)
BlackRock private credit fund restricts withdrawals as redemption pressure persists (Private Equity Wire)
Partners Group rules out additional liquidity controls amid evergreen fund rumours (Private Equity Wire)
Real Estate Is Next Bet for Debt Investors Avoiding Private Credit (The Credit Edge by Bloomberg Intelligence)

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 divergence between capital deployment and liquidity, as structural mismatches in private credit and a massive $4 trillion private equity exit backlog threaten market stability. We analyze how the shift toward asset-heavy AI infrastructure and the 'democratization' of alternatives are creating a landscape of stuck value and heightened systemic risk.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:31 - Navigating the Private Credit Crunch
6:04 - The AI Infrastructure Arms Race
11:27 - The Great Private Equity Exit Backlog
16:33 - Consumer Shifts and Brand Evolution
20:19 - Democratizing the Alternatives
23:08 - Conclusion

Referenced sources:
Opening Private Equity to Retail Without Destroying What Makes It Work (Accredited Investor Insights)
Don't Buy Yesterday's Portfolio (Accredited Investor Insights)
Contrarian Quality at GQG Partners - Rajiv Jain (EP.505) (Capital Allocators – Inside the Institutional Investment Industry)
Bain's Private Equity Midyear Report 2026 Executive Summary (Dry Powder: The Private Equity Podcast)
Private Markets at an Inflection Point (Exchanges)
The World Is Changing Faster Than Markets Can Process (In Conversation with Julie Segal)
Alex Sacerdote - How to Invest Through Technology Cycles - (Invest Like the Best with Patrick O'Shaughnessy)
Jason Wenk & Michael Miller How to Serve More (and Serve Better) in Private Markets (Modern Capital: The Private Markets Podcast)
Why Tomatoes Are the Most Expensive They've Been in Four Decades (Odd Lots)
How CoreWeave Sees the Market for Compute Right Now (Odd Lots)
Inside Hudson River Trading's Blistering Token Burn (Odd Lots)
L Catterton leads funding round in dermatologist-founded skincare brand Remedy (Private Equity Insights)
TPG and CAA commit $250m to new fund backing online creators (Private Equity Insights)
Blackstone sells Interplex's ICT unit to Taiwan's Bizlink for $850m (Private Equity Insights)
Apollo and Blackstone close $35bn private credit deal to fund Anthropic's AI chips (Private Equity Insights)
Blackstone weighs $2bn fund-stake sale as buyout exits stall (Private Equity Insights)
Advent and ADIA raise $2.43bn as Innio surges 23% in Nasdaq debut (Private Equity Insights)
PE industry confronts exit backlog as valuation gaps stall deals (Private Equity Wire)
KBRA raises concerns with Columbia study findings, linking private ratings to life insurer capital risks (Private Equity Wire)
Apollo's Kleinman says PE must adjust to lower valuations and higher rates after lost decade of cheap money (Private Equity Wire)
Ares CEO says private credit withdrawals concentrated outside US (Private Equity Wire)
M&A momentum to build as PE deploys record dry powder, says Latham & Watkins exec (Private Equity Wire)
Ares raises $12.7bn across Pathfinder ABF strategy (Private Equity Wire)
Global investors defend private credit outlook despite sector volatility (Private Equity Wire)
Columbia study flags potential understatement of risk in private credit ratings (Private Equity Wire)
KKR- and Apollo-owned insurers expand private credit exposure (Private Equity Wire)
Apollo leads $35bn Broadcom AI infrastructure platform financing (Private Equity Wire)
Apollo and Blackstone close landmark $35bn Anthropic AI chip financing deal (Private Equity Wire)
Blackstone explores $2bn fund stake securitisation (Private Equity Wire)
P&C insurers expand private markets exposure as other allocators reassess illiquidity (Private Equity Wire)
Blue Owl raises $500m in bond market (Private Equity Wire)
Private credit fundamentals remain strong despite market anxiety, says Arcmont CEO (Private Equity Wire)
AI-driven repricing prompts sharp drop in PE tech deal activity (Private Equity Wire)
Alternative Views with Connection's Claire Madden (Private Equity Wire)
Carlyle agrees to acquire South Korea's Chung Ho Group for $700m (Private Equity Wire)
The data centre investment dilemma (Private Equity Wire)
Hg-backed Gen II weighs potential $6bn sale (Private Equity Wire)
Private credit growth slows as lending activity, fundraising and flows cool (Private Equity Wire)
DoubleLine and Oaktree position for potential AI-driven debt cycle risks (Private Equity Wire)
Blackstone caps withdrawals from flagship private credit fund as redemption requests hit $4.4bn (Private Equity Wire)
Ares-backed LaserAway weighs sale in deal that could exceed $2bn (Private Equity Wire)
Oaktree Says Boring is Beautiful In Dicey Private Credit Market (The Credit Edge by Bloomberg Intelligence)
The Flip Side (The Insight by Oaktree Capital)
From Warby Parker to Diapers.com David Bell on Consumer Brand Success (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 shift from algorithmic competition to a structural struggle over physical assets, from data center power grids to maritime logistics. We analyze how the escalating AI arms race and geopolitical friction in energy corridors are forcing a fundamental reconfiguration of global liquidity and credit risk.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:37 - The AI Arms Race and Compute Constraints
8:47 - The New Era of Private Liquidity
16:06 - Real Assets and the Tax Alpha Strategy
18:13 - Geopolitical Friction and Commodity Plumbing
20:18 - Credit Tension and Private Debt Risks
22:16 - Conclusion

Referenced sources:
iCapital's Kunal Shah - the private markets mindset wealth managers need live from iCapital Connect (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Episode 38 The Model Revolution Scaling Private Markets Access Through Technology and Education with Guest Dana D'Auria, Envestnet Solutions (Alternative Allocations with Tony Davidow)
Broadcom Slides by Most in More Than a Year on AI Outlook Miss (Bloomberg Intelligence)
SpaceX Wants Fee Cut From Bankers Chasing $500 Million Windfall (Bloomberg Intelligence)
Barry Diller Offers to Buy Rest of MGM in Deal Valued at Nearly $19 Billion (Bloomberg Intelligence)
Dell Soars Most in Two Years on Outlook Fueled by AI Servers (Bloomberg Intelligence)
Software as a Coworker w Vista's Robert Smith (Dry Powder: The Private Equity Podcast)
The AI Investment Boom When Will It Pay Off (Exchanges)
How Deutsche Bank got its groove back (FT News Briefing)
Intel looks to level up in AI race (FT News Briefing)
What NAV Is Really Signalling in Private Markets Alex Branton, Nodem Capital (Fund Shack Private Equity Podcast)
E382 Why Venture Capital Has a $3 Trillion Liquidity Problem (How I Invest with David Weisburd)
E381 A16Z Partner The Tax Strategy Hidden Inside Real Estate (How I Invest with David Weisburd)
E380 How Billionaire Family Offices Actually Invest (How I Invest with David Weisburd)
Cheyne's Stuart Fiertz on Private Credit's Slow-Motion Stress Test (In Conversation with Julie Segal)
Dara Khosrowshahi - Uber's Bet on AVs, AI, and Building a Super-App - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #535 Michael Every NAFTA and NAPTHA - Warcraft & Fartcraft (Macro Voices)
Inside Hudson River Trading's Blistering Token Burn (Odd Lots)
The Hidden Plumbing of Commodity Finance (Odd Lots)
Gita Gopinath on Why Interest Rates Have Surged All Around the World (Odd Lots)
A GP and LP unpack best (and worst) practices in co-investment (Private Equity Spotlight)
The evergreen effect Secondaries' newest investors (Secondaries Investor’s Second Thoughts)
Goldman Sachs Sees 'Uncomfortable Tension' in Credit Markets (The Credit Edge by Bloomberg Intelligence)
Real Estate After the Reset (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 from passive margin expansion to a regime of high-precision operational engineering. We analyze how the convergence of AI-driven automation, the rearmament of global defense industrial bases, and a systemic liquidity crunch is redefining the mechanics of value creation and exit strategies in private markets.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:34 - The Future of Value Creation and Fundraising
6:54 - AI Disruption: From Software to Infrastructure
12:55 - The New Frontier of Private Credit and Real Estate
17:01 - Geopolitics, Defense, and National Security
20:43 - The Liquidity Crunch and the Exit Crisis
22:46 - Conclusion

Referenced sources:
Benefit Street Partners' Michael Comparato - the opportunity in commercial real estate credit (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Caesars Agrees to Be Taken Over by Fertitta in $5.7 Billion Deal (Bloomberg Intelligence)
Memory Chip Frenzy Sends SK Hynix, Micron Intro $1 Trillion Club (Bloomberg Intelligence)
Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion (Bloomberg Intelligence)
Estée Lauder and Puig End Merger Talks (Bloomberg Intelligence)
The Rearview Mirror Problem Portfolio Discipline in a Changing Market (Cambridge Conversations)
Fundraising Mastery The Tao of Kimmer - John Kim (EP.503) (Capital Allocators – Inside the Institutional Investment Industry)
Exiting Well in Tough Markets w Apollo's David Sambur (Dry Powder: The Private Equity Podcast)
'Complexity is Our Friend' James Brocklebank on Advent's Private Equity Strategy (Exchanges)
SpaceX IPO ignites an investor frenzy (FT News Briefing)
How Ukraine's drones turned the tables (FT News Briefing)
BP shakes up its leadership ... again (FT News Briefing)
E378 Why LPs Keep Selling Their Highest-Quality Funds (How I Invest with David Weisburd)
E376 The $3 Trillion Liquidity Problem in Venture Capital (How I Invest with David Weisburd)
Dan Loeb - Lessons from 30 Years of Investing - (Invest Like the Best with Patrick O'Shaughnessy)
Darren Farber on Iran, China, and the Rise of Neoprimes - (Invest Like the Best with Patrick O'Shaughnessy)
#29 Leaders in Investment podcast Rasmus Bessing, Co-Chief Investment Officer Responsible Investments and Investment Products, PFA (Leaders in Investment - IPE)
MacroVoices #534 Dr. Pippa Malmgren Superpower War or Superpower Hug (Macro Voices)
The Future of Automation and AI with Honeywell CEO Vimal Kapur (Masters in Business)
Gita Gopinath on Why Interest Rates Have Surged All Around the World (Odd Lots)
What's next for value creation (Private Equity Spotlight)
Veteran ABS Investor Sees 'Max Uncertainty With Max Complacency' (The Credit Edge by Bloomberg Intelligence)
Why Most PE-Backed Companies Are Invisible to AI Search (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 explores the structural shift from software scalability to the hard constraints of power, land, and water in the AI build-out. We analyze how the transition toward an agentic AI economy is creating a new era of geopolitical and inflationary friction, fundamentally rewriting the rules of liquidity in private markets.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:39 - The AI Infrastructure Build-Out
8:27 - The Psychology of Alpha and Execution
13:57 - Global Energy and Geopolitical Friction
16:59 - The Evolution of Private Markets
19:47 - The Credit and Debt Landscape
21:42 - Conclusion

Referenced sources:
Beyond the Build AI Infrastructure, Exit Readiness, and What's Next - Part B (BDO Private Equity PErspectives Podcast)
Walmart Flags Higher Fuel Costs Eroding Retailer's Earnings (Bloomberg Intelligence)
Instant Reaction Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards (Bloomberg Intelligence)
Home Depot's Sales Fall Short on Lackluster Housing Recovery (Bloomberg Intelligence)
Nvidia CEO Jensen Huang & Dell CEO Michael Dell on Agentic AI, Memory Demand and China (Bloomberg Intelligence)
NextEra to Buy Dominion for $67 Billion to Create U.S Power Giant (Bloomberg Intelligence)
Making Mistakes - Josh Steiner (EP.503) (Capital Allocators – Inside the Institutional Investment Industry)
Making Mistakes - Josh Steiner (EP.502) (Capital Allocators – Inside the Institutional Investment Industry)
Can the Asia Equity Rally Continue (Exchanges)
The EU wants a Putin whisperer (FT News Briefing)
Inside a Lebanese village under Israeli occupation (FT News Briefing)
Are we at the tipping point for global energy supplies (FT News Briefing)
Finding Opportunity in a Changing Market Value, Diversification and Global Small Caps (Audio) (Faster Forward)
E374 Why the Best Investors Prepare for Crashes Before They Happen (How I Invest with David Weisburd)
E373 What Most CIOs Get Wrong About Alpha (How I Invest with David Weisburd)
E372 Why the Best Venture Investments Look Wrong Early (How I Invest with David Weisburd)
E371 Midas List VC Why AI Models Will NOT Become Commodities (How I Invest with David Weisburd)
Gavin Baker - Watts and Wafers - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #533 Morgan Downey The Return of Oil 101 (Macro Voices)
At The Money Blurring the Lines Between Public and Private Investments (Masters in Business)
Stopping Poor Financial Decisions with Former FDIC Chair Sheila Bair (Masters in Business)
Samir Kaji How Everyone Can Invest Like an Institution (Modern Capital: The Private Markets Podcast)
'The Assassin' Fahmi Quadir on How to Survive as a Short-Seller (Odd Lots)
Why Cerebras CEO Andrew Feldman Built The World's Largest Computer Chip (Odd Lots)
Deutsche Bank's Ozan Tarman and Aditya Singhal on Understanding the Macro Risks (Odd Lots)
Why the Price of Oil, Beef, Electricity, and Everything Else Makes No Sense (Odd Lots)
The 'tremendous tailwind' behind infra secondaries' growth (Secondaries Investor’s Second Thoughts)
Episode 38 Mapping Infrastructure Trends and Market Growth Amidst Global Disruption (Talking Global Infrastructure)
Principal Sees High-Grade Downgrade Risk as Issuance Ramps Up (The Credit Edge by Bloomberg Intelligence)
Private Credit Has a Weak Underwriting Discipline Problem (The Credit Edge by Bloomberg Intelligence)
DigitalBridge Industrialisation of AI will need 500GW of compute over next decade (The Infrastructure Investor Podcast)
How to manage the priorities between the executive team and the investor (The Private Equity Podcast, by Raw Selection)
Private Market Secondaries The $225 Billion Market Many Wealth Investors Overlook (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 structural transition from globalized, cheap liquidity toward a regime defined by localized, high-conviction deployment and physical infrastructure constraints. We analyze how the convergence of energy supply bottlenecks, AI-driven hardware CapEx, and the rise of programmable, on-chain settlement is redefining the boundaries of value creation in private markets.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:32 - Scaling the Alpha: Modernizing Private Equity and Venture Capital
7:35 - Macro Volatility: Energy Shocks and Geopolitical Friction
14:01 - The AI Infrastructure Build-Out: Compute, Cables, and CapEx
18:15 - The New Credit Frontier: From Private Lending to Direct Access
20:44 - The Future of Money: Stablecoins and Financial Intermediaries
22:54 - Conclusion

Referenced sources:
Cisco Jumps Most Since 2011 on Sales Outlook (Bloomberg Intelligence)
AI Chipmaker Cerebras Systems Seeks $4.8 Billion in Upsized IPO (Bloomberg Intelligence)
Will England, Derek Drummond, and Tony Caruso - Disintermediating Pod Shops (EP.501) (Capital Allocators – Inside the Institutional Investment Industry)
Innovation and Inflation Twin Forces Reshaping Portfolios (Exchanges)
Cracks in Private Credit (Exchanges)
UK bond vigilantes ride again (FT News Briefing)
Gulf dealmaking machine hits the brakes (FT News Briefing)
Starmer fights for political survival (FT News Briefing)
Private Equity Is a Talent Business - Flor Kassai, Inflexion (Fund Shack Private Equity Podcast)
E369 Midas List VC Why Smart VCs Are Buying Secondaries (How I Invest with David Weisburd)
E368 Sovereign 2.0 How Mubadala Capital Is Reinventing the $430B Playbook wCIO Oscar Fahlgren (How I Invest with David Weisburd)
E366 Keri Findley The Credit Investor Peter Thiel Chose to Back (How I Invest with David Weisburd)
Krishna Rao - Anthropic's CFO on Compute, Scaling to $30B ARR, and the Returns to Frontier Intelligence - (Invest Like the Best with Patrick O'Shaughnessy)
#28 Leaders in Investment podcast Cecile Retaureau, Head of Private Markets, Standard Life (Leaders in Investment - IPE)
MacroVoices #532 Mike Green Record Mechanical Flows (Macro Voices)
At The Money Is SpaceX IPO Breaking Capitalism (Masters in Business)
Evolving Money Stablecoins in Practice and Policy (Sponsored Content) (Masters in Business)
Samanth Subramanian on the Undersea Cables That Keep the Internet Alive (Odd Lots)
The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks (Odd Lots)
JPMorgan Is Wary of Another Big Leap in AI-Related Spending (The Credit Edge by Bloomberg Intelligence)
Moats in Motion Software Investing in the Age of AI (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 explores the profound re-anchoring of value as the era of frictionless digital growth gives way to a high-stakes race for physical assets, from AI silicon to energy grids. We examine how geopolitical friction and massive capital expenditures are fundamentally rewriting the rules of private market liquidity and manager incentives.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:54 - Decoding the AI Infrastructure Boom
7:24 - Geopolitical Shifts and Global Trade Flows
13:18 - The New Era of Credit and Secondaries
18:29 - The Search for Alpha in Private Equity
20:57 - Venture Capital Incentives and Manager Selection
23:14 - Conclusion

Referenced sources:
AI Chipmaker Cerebras Systems Seeks $4.8 Billion in Upsized IPO (Bloomberg Intelligence)
Lyft Earnings Miss Estimates After Global Expansion Push (Bloomberg Intelligence)
Wall Street Poised for Bonus Increases in 'Year of the Bank' (Bloomberg Intelligence)
AMD Soars as AI Demand Fuels Better-Than-Expected Sales Outlook (Bloomberg Intelligence)
Apple Weighs Using Intel, Samsung to Build Device Processors (Bloomberg Intelligence)
Will AI Make Markets Less Efficient (Exchanges)
Gulf dealmaking machine hits the brakes (FT News Briefing)
GameStop's wild bid for eBay (FT News Briefing)
LVMH looks to shrink its luxury empire (FT News Briefing)
Could the US scrap quarterly reporting (FT News Briefing)
Where Private Markets Meet Reality Secondaries Explained Nigel Dawn Fund Shack Ep. 85 (Fund Shack Private Equity Podcast)
E365 Stanford GSB Professor on Venture Capital's Manager Incentives (How I Invest with David Weisburd)
E362 Why Jensen Huang Believes Physical AI will be a $50 Trillion Market (How I Invest with David Weisburd)
MacroVoices #531 Louis-Vincent Gave Semiconductors, AI & Iran Conflict (Macro Voices)
Winning the Degenerate Economy with StockTwits CEO Howard Lindzon (Masters in Business)
Thomas McHugh Building One Language for All of Finance (Modern Capital: The Private Markets Podcast)
The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks (Odd Lots)
How an American City Can Become a Manufacturing Hub (Odd Lots)
Measuring alpha in private markets Why asset-level data matters (Private Equity Spotlight)
PEI's Data Dive Reading the signals in secondaries sentiment (Private Equity Spotlight)
Data Dive Reading the signals in secondaries sentiment (Secondaries Investor’s Second Thoughts)
HarbourVest Expects Private Credit Secondaries Volume to Double (The Credit Edge by Bloomberg Intelligence)
Blackstone Industry needs to go beyond 'do no harm' in data centre development (The Infrastructure Investor Podcast)
The Hidden Mistakes Killing PE Value (And How to Fix Them) (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 explores the massive collision between the AI revolution and the physical realities of a fracturing global supply chain. We dive into the high-stakes race to secure everything from semiconductor pipelines to power grids, and why the next era of alpha lies in mastering the unglamorous plumbing of the new global economy.

Explore the full visual digest at pers-int.com

0:00 - Introduction
1:19 - The Secondaries Surge and the Rise of Evergreen Funds
7:41 - Geopolitical Chokepoints and Global Supply Chain Fragility
13:45 - AI Infrastructure: Beyond the Chips to the Grid
19:07 - Operational Alpha: From Founder Mode to AI Automation
25:09 - Conclusion

Referenced sources:
73 Strings' Yann Magnan - unlocking valuation intelligence in private markets (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Hamilton Lane's Hartley Rogers - pioneering private markets Live from iCapital Connect (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Episode 37 The Illiquidity Premium Lessons Learned from Institutions with Guest Wendy Li, Ivy Invest (Alternative Allocations with Tony Davidow)
Powering Conviction A New Era of Data Center Investment - Part A (BDO Private Equity PErspectives Podcast)
Apple Weighs Using Intel, Samsung to Build Device Processors (Bloomberg Intelligence)
LVMH looks to shrink its luxury empire (FT News Briefing)
Could the US scrap quarterly reporting (FT News Briefing)
Disney's new CEO faces first challenge (FT News Briefing)
Global industries squeezed as Iran war enters third month (FT News Briefing)
Where Private Markets Meet Reality Secondaries Explained Nigel Dawn Fund Shack Ep. 85 (Fund Shack Private Equity Podcast)
Brian Chesky - AI Founder Mode - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #531 Louis-Vincent Gave Semiconductors, AI & Iran Conflict (Macro Voices)
Building 'The World's Alternative Investment Marketplace' with Lawrence Calcano (Masters in Business)
How an American City Can Become a Manufacturing Hub (Odd Lots)
How Taiwan Became the World's Most Perilous Geopolitical Chokepoint (Odd Lots)
PEI's Data Dive Reading the signals in secondaries sentiment (Private Equity Spotlight)
HarbourVest Expects Private Credit Secondaries Volume to Double (The Credit Edge by Bloomberg Intelligence)
Blackstone Industry needs to go beyond 'do no harm' in data centre development (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 explores the dangerous friction between the expanding private markets ecosystem and the physical bottlenecks of the AI arms race. We dissect how geopolitical commodity shocks and a shift toward 'operator-led' management are testing the structural resilience of an increasingly complex, $15 trillion market.

Explore the full visual digest at pers-int.com

0:00 - Introduction
1:20 - The Evolution of Private Market Liquidity
8:25 - The AI Infrastructure Arms Race
13:49 - Geopolitical Shocks and Commodity Volatility
18:47 - Operational Excellence and the New Management Paradigm
22:45 - New Frontiers in Credit and Private Debt
25:34 - Conclusion

Referenced sources:
Hamilton Lane's Hartley Rogers - pioneering private markets Live from iCapital Connect (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Episode 37 The Illiquidity Premium Lessons Learned from Institutions with Guest Wendy Li, Ivy Invest (Alternative Allocations with Tony Davidow)
Powering Conviction A New Era of Data Center Investment - Part A (BDO Private Equity PErspectives Podcast)
AMD Soars as AI Demand Fuels Better-Than-Expected Sales Outlook (Bloomberg Intelligence)
Spirit Makes Plans to Shutter After Government Rescue Fizzles (Bloomberg Intelligence)
Alphabet, Amazon Outpace Meta in AI During Earnings Bonanza (Bloomberg Intelligence)
Earnings Analysis Meta, Microsoft, Alphabet & Amazon Deliver Earnings (Bloomberg Intelligence)
Sloane Payne and Dave Joerger - Why Culture Matters (EP.500) (Capital Allocators – Inside the Institutional Investment Industry)
Riding the AI Wave (Exchanges)
Could the US scrap quarterly reporting (FT News Briefing)
Disney's new CEO faces first challenge (FT News Briefing)
Global industries squeezed as Iran war enters third month (FT News Briefing)
War, inflation and how central banks are handling it all (FT News Briefing)
Defence stocks drop despite US-Iran war (FT News Briefing)
Where Private Markets Meet Reality Secondaries Explained Nigel Dawn Fund Shack Ep. 85 (Fund Shack Private Equity Podcast)
Private Markets' New Tension Retail and Institutional Investors Collide (In Conversation with Julie Segal)
Brian Chesky - AI Founder Mode - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #530 Daniel Lacalle China and The Us Will Decide The Outcome of The Iran War (Macro Voices)
Building 'The World's Alternative Investment Marketplace' with Lawrence Calcano (Masters in Business)
Kelly Rodriques The Private Markets Moment We're In (Modern Capital: The Private Markets Podcast)
How Taiwan Became the World's Most Perilous Geopolitical Chokepoint (Odd Lots)
PEI's Data Dive Reading the signals in secondaries sentiment (Private Equity Spotlight)
Citi Warns of Private Debt Risk as 'Tourists' Are Forced to Sell (The Credit Edge by Bloomberg Intelligence)
Blackstone Industry needs to go beyond 'do no harm' in data centre development (The Infrastructure Investor Podcast)
From Founder to Three Exits Building a Services Company and Selling to Private Equity (The Private Equity Podcast, by Raw Selection)
Finding Opportunity in a Converging Credit Market (The View From Apollo)

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