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.

Explore the full visual digest 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.

Explore the full visual digest 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.

This week's edition examines the structural shift in private markets as managers navigate a massive backlog of unsold assets and rising 'Payment-in-Kind' debt. We analyze how the search for stability is driving capital toward un-disruptable energy infrastructure and the emergence of agentic AI workflows.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:34 - The Private Credit Crunch and Capital Reallocation
5:45 - Global M&A Trends: From Mid-Market Buyouts to Mega-Deals
11:07 - Navigating Geopolitical Shocks and Regulatory Hurdies
16:20 - AI: From Frontier Models to Enterprise Agentic Workflows
20:08 - The New Era of Infrastructure and Energy Security
22:43 - Conclusion

Referenced sources:
The Agricultural Revolution in Private Markets (Accredited Investor Insights)
Vista Equity Partners' Monti Saroya - harnessing the power of AI in the enterprise AGM Live at SuperReturn (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Instant Reaction Intel's Revenue Shatters Wall Street Estimates (Bloomberg Intelligence)
Chip Stocks Sink Into Bear Market Territory as AI Rally Fizzles (Bloomberg Intelligence)
US Midyear Outlook Geopolitical Shocks, the New Fed Era, and Growth (Exchanges)
Oil hits $100 and drives global bond sell-off (FT News Briefing)
The US has $13bn in Venezuelan oil money. Where is it (FT News Briefing)
UK chancellor John Healey inherits tricky finances (FT News Briefing)
E405 Why AI Has Made Venture Capital Harder (Not Easier) (How I Invest with David Weisburd)
Matthew Smith - How America Runs Out of Natural Gas by 2030 - (Invest Like the Best with Patrick O'Shaughnessy)
Matthew Smith - Natural Gas The Next Bottleneck - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #542 Luke Gromen As The Conflict Turns (Macro Voices)
Challenging The Titans of Asset Management with Jason Wenk (Masters in Business)
The Creator of Claude Code on The Hottest Piece of Software in the World (Odd Lots)
Partners Group closes fourth direct infrastructure programme above $15bn (Private Equity Insights)
Blackstone, Apollo, and KKR commit $5.34bn to Williams power projects (Private Equity Insights)
EU review of airline ownership rules could complicate Apollo's easyJet takeover bid (Private Equity Wire)
Private credit stress provides new opportunities for secondary investors (Private Equity Wire)
Brookfield to acquire battery storage developer Aypa Power for $7bn (Private Equity Wire)
'Trophy' assets push private markets secondaries to record $121bn (Private Equity Wire)
EU insurance watchdog calls for long-term commitment from PE buyers (Private Equity Wire)
IPO and M&A boom boosts Wall Street banks as private capital firms lose ground (Private Equity Wire)
Clipway raises record $6.4bn for debut secondaries fund (Private Equity Wire)
PIK structures could mask borrower stress, finds new study (Private Equity Wire)
Private equity targets Italy's family-owned industrial base for AI-proof deals (Private Equity Wire)
Brookfield and CPP Investments acquire LXP Industrial in $5.2bn take-private deal (Private Equity Wire)
UK pension insurers increase private credit exposure as S&P flags valuation risks (Private Equity Wire)
Japan's ruling party eyes activist hedge funds in proposed governance crackdown (Private Equity Wire)
PIF-led consortium expected to secure EU Approval for $55bn Electronic Arts buyout (Private Equity Wire)
EQT ups Kakaku.com bid to outpace Bain-backed rival (Private Equity Wire)
UK government engages PE firms to revive London IPO market (Private Equity Wire)
Coles abandons Greencross acquisition talks with TPG Capital (Private Equity Wire)
Insurers plan to increase private credit allocations despite rising concerns over market risks (Private Equity Wire)

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 decoupling of capital flows from traditional growth models as a massive, front-loaded energy and infrastructure super-cycle begins to redefine private markets. We analyze the structural shift toward permanent capital architectures, the rise of insurance-backed credit, and the geopolitical risks emerging from the intersection of AI demand and global energy security.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:40 - The Infrastructure and Energy Super-Cycle
5:51 - Secondary Market Liquidity and Exit Pressures
11:20 - The Great Credit Reallocation
16:59 - The New Era of M&A and Strategic Buyouts
21:57 - Geopolitics, Trade, and Global Supply Chains
24:03 - Conclusion

Referenced sources:
Private Equity Won't Sell Private Credit Won't Sit Still Data Centers Won't Slow Down (Accredited Investor Insights)
Roadmap for Private Credit from Australia - Frank Danieli of MA Financial Group (EP.511) (Capital Allocators – Inside the Institutional Investment Industry)
Economic Growth, Governance, and Capital Allocation - Dambisa Moyo (EP.410) (Capital Allocators – Inside the Institutional Investment Industry)
Is China's economic slowdown here to stay (FT News Briefing)
Dubai wants to bypass Strait of Hormuz (FT News Briefing)
Citigroup's ruthless remake (FT News Briefing)
E402 $92B Coatue Where the Value in AI Will Accrue (How I Invest with David Weisburd)
AI's Debt Boom Is Giving Credit Investors Rare Leverage. PGIM's Greg Peters Says They Should Use It. (In Conversation with Julie Segal)
#32 Leaders in Investment podcast Francois Trausch - CEO and CIO of PIMCO Prime Real Estate (Leaders in Investment - IPE)
MacroVoices #541 Dr. Anas Alhajji Bab el-Mandeb The Next Oil Chokepoint Nobody's Watching (Macro Voices)
NY Governor Kathy Hochul on Her One Year Data Center Moratorium (Odd Lots)
Advantage Partners to target Japanese firms shielded from foreign takeovers (Private Equity Insights)
Recordati board backs CVC and GBL offer as independent directors break ranks (Private Equity Insights)
Verdane buys portfolio of technology stakes from bp (Private Equity Insights)
EQT, Advent, and KKR circle molecular testing group Qiagen (Private Equity Insights)
Apollo gatecrashes easyJet buyout with £5.7bn bid, trumping Castlelake (Private Equity Insights)
Coles abandons Greencross acquisition talks with TPG Capital (Private Equity Wire)
Insurers plan to increase private credit allocations despite rising concerns over market risks (Private Equity Wire)
EQT reports higher H1 profit as fundraising and investment activity accelerate (Private Equity Wire)
PayPal board deems Stripe-Advent takeover proposal too low as talks continue (Private Equity Wire)
Grid efficiency, and energy security (Private Equity Wire)
Recordati board backs €10.7bn CVC take-private offer (Private Equity Wire)
Partners Group posts record $16bn H1 fundraising (Private Equity Wire)
Carlyle AlpInvest closes $1.7bn second single-asset continuation fund at hard cap (Private Equity Wire)
Apollo challenges Wall Street banks as lending volumes top $300bn (Private Equity Wire)
Advantage Partners targets JPY300bn-plus strategic companies (Private Equity Wire)
The ex-CVC Poland head betting on long-duration PE (Private Equity Wire)
Wafra closes $2bn fund to back emerging private equity managers (Private Equity Wire)
Francisco Partners nears acquisition of Thoma Bravo's stake in Command Alkon (Private Equity Wire)
Moonfare surpasses €4bn in assets as wealthy investors continue allocating to private markets (Private Equity Wire)
Goldman Sachs pitches LP-backed financing structure for private fund capital call facilities (Private Equity Wire)
Blackstone-led consortium commits $5.3bn to Williams power infrastructure JV (Private Equity Wire)
Ardian acquires majority stake in battery tech specialist Munich Electrification (Private Equity Wire)
Warburg Pincus and ADIA near acquisition of Pantherx Rare in over $7bn deal (Private Equity Wire)
PE fundraising rebounds as capital concentrates among industry's largest managers (Private Equity Wire)
KKR leads $227m private credit financing for Ampol following EG Australia acquisition (Private Equity Wire)
HarbourVest closes $4.75bn co-investment fund (Private Equity Wire)
Apollo acquires €3bn stake in Bayer contraceptives business (Private Equity Wire)
European regulators seek greater transparency on private credit as US resists data sharing (Private Equity Wire)
US private credit fundraising rebounds despite sharp fall in direct lending activity (Private Equity Wire)
ESRB examines private credit risks amid calls for stronger oversight (Private Equity Wire)
Apollo tops Castlelake with £5.7bn easyJet bid (Private Equity Wire)
The boom in LP-led secondaries (Secondaries Investor’s Second Thoughts)
Bull Run in Loans Slams CLO Equity Buyers, Says Eagle Point's Majewski (The Credit Edge by Bloomberg Intelligence)
Pantheon 'Infra secondaries is becoming a core allocation for investors' (The Infrastructure Investor Podcast)
ResponsAbility's CEO wants global allocators to 'go Dutch' (The New Private Markets 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 reconfiguration of global capital as the AI race shifts from software algorithms to the physical requirements of power grids, semiconductors, and data centers. We analyze the systemic tensions arising from the liquidity mismatch in semi-liquid vehicles and the massive consolidation of scale required to secure energy sovereignty in an era of high debt and industrial competition.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:37 - The AI Infrastructure Arms Race
5:22 - Liquidity Crises and the Credit Crunch
10:12 - The New Era of Private M&A
14:28 - Wealth Management and the Democratization of Alts
19:17 - The Energy Transition and Sovereign Power
23:00 - Conclusion

Referenced sources:
PE's Groundhog Day Private Credit Queue Gets Longer CRE Cap Rates Found a Floor (Accredited Investor Insights)
Hightower's Larry Restieri - building a $1T RIA and operating at the intersection of private markets and private wealth (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Oak Hill Advisors' Eric Muller - operating at the intersection of public and private credit live from iCapital Connect (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
SpaceX Looks to Wall Street to Validate Extreme Market Valuation (Bloomberg Intelligence)
Chip Stocks' Best Quarter Ever Is Ending With Some Wild Swings (Bloomberg Intelligence)
AI Cost Reality Check Hits Tech Stocks as Apple Hikes Price (Bloomberg Intelligence)
Senior Decision Makers Nicholas Csicsko, Trinity Wall Street (EP.508) (Capital Allocators – Inside the Institutional Investment Industry)
UBS bets on the US (FT News Briefing)
AI wakes up the sleepy US power sector (FT News Briefing)
Digital Assets, Tokenization, and the Future of Institutional Investing (Faster Forward)
Private Equity in 2026 Why 12 is the new five Emilio Domingo, Bain & Company (Fund Shack Private Equity Podcast)
E396 The Future of Compute, Data Centers, and AI (How I Invest with David Weisburd)
Churchill's Ken Kencel on Private Credit's Second Act (In Conversation with Julie Segal)
Etched - Building AI Hardware to Make Inference Faster and Cheaper - (Invest Like the Best with Patrick O'Shaughnessy)
Michael Gruener Asset Management's Third Wave (and What Will Break It) (Modern Capital: The Private Markets Podcast)
Baidu's CFO on How It Became a Full-Stack AI Player (Odd Lots)
How Lenovo's CFO Is Allocating Capital During One of History's Biggest Booms (Odd Lots)
Hayfin raises $17.1bn for flagship direct lending fund as capital concentrates with scale players (Private Equity Insights)
KKR to buy EDF's North American renewables arm for $4.2bn in record clean-energy bet (Private Equity Insights)
Ardian bundles secondaries stakes into $1bn debt vehicle as CFO market booms (Private Equity Insights)
KKR takes control of $1.3bn SK renewables platform to power Korea's AI build-out (Private Equity Insights)
Ardian to invest over €3bn in Nordic data centres through Verne (Private Equity Insights)
PEI's Data Dive What the PEI 300 reveals about fundraising's comeback (Private Equity Spotlight)
Blue Owl funds received $4.7bn in Q2 redemption requests (Private Equity Wire)
Anthropic drives record monthly gain for Blackstone private wealth fund (Private Equity Wire)
M&A sees record $2.8tn first half of the year (Private Equity Wire)
India M&A lending rule to squeeze private credit (Private Equity Wire)
Goldman private credit fund avoids elevated redemption pressure (Private Equity Wire)
BlackRock private credit fund head to exit after loan losses (Private Equity Wire)
Tannenbaum plans private credit return (Private Equity Wire)
Abu Dhabi's MGX raises $49bn for AI investment fund (Private Equity Wire)
Ardian packages secondaries stakes into $1bn CFO (Private Equity Wire)
Brookfield expects hybrid energy deals to reshape renewables market (Private Equity Wire)
Neos and Forgent launch $1.9bn share sale after IPO rally (Private Equity Wire)
Ardian to invest over €3bn in Nordic data centres (Private Equity Wire)
Private equity investors turn to structured secondaries as distributions slow (Private Equity Wire)
KKR acquires EDF's US and Canada renewables business (Private Equity Wire)
Sovereign wealth funds shift towards private markets due to concentration risks (Private Equity Wire)
Ares private credit fund caps redemptions as withdrawal requests climb (Private Equity Wire)
Partners Group weighs smaller evergreen funds after redemption pressure (Private Equity Wire)
SpaceX Bondholders Face Huge Key Person Risk on Their Elon Musk Trip (The Credit Edge by Bloomberg Intelligence)
From lab to scale Why climate tech is getting stuck (The New Private Markets Podcast)
Evergreen, Drawdowns, and the AI Wave Where Private Markets Go Next (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 structural migration of capital from public indices into a fragmented ecosystem of specialized private credit and infrastructure. We analyze the intensifying tension between rising redemption requests and the rise of 'engineered' liquidity events, alongside the strategic shift toward owning the physical bottlenecks of the global AI race.

Explore the full visual digest at pers-int.com

0:00 - Introduction
0:33 - The Great Private Market Expansion
6:07 - The AI Arms Race: Hardware, Power, and Software
10:58 - Strategic Exits and the New M&A Landscape
15:52 - Navigating Credit Stresses and Liquidity Risks
20:13 - Investing in the New Frontier: Space and Sports
23:35 - Conclusion

Referenced sources:
The Quarter the Marks Moved (Accredited Investor Insights)
Cliffwater Corporate Lending Fund (CCLFX) The Machine Slows Down (Accredited Investor Insights)
Oaktree's Danielle Poli - private credit boring is beautiful - live from AGM's RIA Field Trip (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Breaking bread at Franklin Templeton's Private Markets RIA Advisory Council - Franklin Templeton's Dave Donahoo and Summit Wealth Group's Chelsea Ganey (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Micron Soars After AI-Fueled Forecast Shatters Projections (Bloomberg Intelligence)
Carnival Leads Cruise Stocks Lower on Weak 3Q Outlook (Bloomberg Intelligence)
Microsoft and Chevron Sign 20-Year Power Deal For Texas Data Center (Bloomberg Intelligence)
What the IPO Boom Tells Us (Exchanges)
Venezuela faces world's largest debt restructuring (FT News Briefing)
Beyond SpaceX War, AI, Orbital Infrastructure and green utopia Mark Boggett Seraphim Space (Fund Shack Private Equity Podcast)
E394 How Great LPs Pick Venture Funds Jamie Rhode (How I Invest with David Weisburd)
Vlad Barbalat - Investing $120 Billion in Permanent Capital - (Invest Like the Best with Patrick O'Shaughnessy)
MacroVoices #538 Lyn Alden Is The War Really Over and What's Next For Markets (Macro Voices)
Value Investing Legend and Warren Buffett Disciple Seth Klarman (Masters in Business)
Jake Walker Money in Motion, at Scale (Modern Capital: The Private Markets Podcast)
Grace Shao on What the World Should Know About Chinese AI (Odd Lots)
How Substack Creators Are Covering This Strange Markets Era (Odd Lots)
Mixing things up How portfolio finance helps LPs find balance (Private Debt Investor Podcast)
Blue Owl nears minority stake in NBA's Cleveland Cavaliers (Private Equity Insights)
MGX raises close to $50bn for one of the largest AI funds ever (Private Equity Insights)
Hong Kong's IPO revival gathers pace as Luxshare weighs $3bn listing (Private Equity Insights)
Bain Capital courts Dubai Holding for data centre builder Hscale (Private Equity Insights)
Juggernaut Capital and Gareth Bale line up a football takeover, with golf and women's sport to follow (Private Equity Insights)
Blackstone lines up $30bn for Japan AI data centres (Private Equity Insights)
AllianzGI gathers $744m at first close of third Asia Pacific private credit fund (Private Equity Insights)
CVC weighs €6bn exit from Cooper Consumer Health as CapVest-owned Stada circles (Private Equity Insights)
Brookfield seeks $525m loan to fund La Trobe dividend recap (Private Equity Insights)
Flexstone to acquire Glouston Capital Partners, forming $15bn private markets platform (Private Equity Insights)
EQT makes first space sector bet with acquisition of Germany's Exolaunch (Private Equity Insights)
Disruption Matters The Exit Playbook (Private Equity Spotlight)
SEC enforcement probes CVs amid wider private markets scrutiny (Private Equity Wire)
SEC panel questions whether private credit disclosures are keeping pace with retail access (Private Equity Wire)
AllianzGI secures $744m first close for APAC private credit fund (Private Equity Wire)
Morgan Stanley limits withdrawals at flagship private credit fund (Private Equity Wire)
Brookfield eyes $525m loan for La Trobe dividend payout (Private Equity Wire)
Global dealmaking falls 7% in early 2026 as M&A and PE slow, says GlobalData (Private Equity Wire)
Alternative Views with Adams Street's Jeff Diehl (Private Equity Wire)
Apollo caps redemptions of flagship private credit fund as requests jump to 17% (Private Equity Wire)
TPG appoints chief financial officer (Private Equity Wire)
MSP Sports Capital acquires majority stake in New Zealand SailGP (Private Equity Wire)
Private equity turns to dividend recap boom (Private Equity Wire)
PE zombie funds set to rise as exit environment remains subdued, says survey (Private Equity Wire)
BoE outlines 'severe but plausible' private markets stress test (Private Equity Wire)
Bain uses AI vibecoding to build software replicas in PE due diligence shift (Private Equity Wire)
Ares Asia credit partner Mohinani to retire (Private Equity Wire)
Partners Group plans dual-class structure for London-listed trust in bid to ease investor exits (Private Equity Wire)
Thoma Bravo seeks AI-era reset after Medallia loss raises investor scrutiny (Private Equity Wire)
EQT acquires Exolaunch to expand into fast-growing space infrastructure sector (Private Equity Wire)
Building Value Through Carve-Outs, Operational Transformation and AI (The Private Equity Podcast, by Raw Selection)
Torsten Slok's Mid-Year Outlook Three Forces Driving Markets (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 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.