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.