Private Markets
How Big Is the Private Credit Market?
Why estimates of the private credit market vary so widely, what is actually being measured, and why asset owners keep allocating to it.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Pension Funds
Pension Risk Transfer and Buyouts, Explained
What pension risk transfer means, how buyouts and buy-ins differ, why higher rates triggered record de-risking, and how it reshapes institutional capital.
Pension Funds
CPP Investments, Explained
How CPP Investments grew into one of the world's largest and most globally diversified pension funds — its mandate, strategy, returns and benchmark debate.
Sovereign Wealth Funds
Norges Bank Investment Management (NBIM), Explained
How NBIM runs the world's largest single pool of investment capital — its mandate, asset mix, ownership reach and stewardship model.
Institutional Investing
What Is a Universal Asset Owner?
The definition, origins and practical meaning of universal ownership — and why the largest sovereign and pension funds increasingly think like owners of the entire market.
The Simulation Desk
Simulation Desk: Transition-mineral & grid-interconnection bottleneck caps electrification / AI
Agent-based stress test of 'Transition-mineral & grid-interconnection bottleneck caps electrification / AI' — 2 blind-spot probes for the desk. 0pp, calibration-gated.
Sovereign Wealth Funds
The Santiago Principles, Explained
A clear guide to the Santiago Principles — the 24 governance, investment and risk standards for sovereign wealth funds, how self-assessment works, and the debate over reform.
Portfolio Strategy
Policy Portfolio vs Total Portfolio Approach
The difference between a fixed policy portfolio and the total portfolio approach, why funds like GIC and CPP adopted TPA, and the trade-offs each model carries.
AI
Data Center Power Demand and the Grid, for Asset Owners
AI is reshaping electricity demand. A guide to the data-centre power surge, the grid bottlenecks it creates, and the investment exposures that follow for institutions.