Coverage, charts, video and research on Private Markets for universal owners.
Sovereign AI is the drive by nations to control their own AI compute, data and models. Sovereign wealth funds are now central financiers of it. Here is what the term means and what the build-out implies for long-term investors, with the usual caveats on fast-moving figures.
Private market AUM has scaled faster than the mechanisms for returning capital to LPs.
Private markets are becoming too large to be treated as "alternative" in the old sense.
Record dry powder, a backed-up distribution cycle, and the denominator effect. Private markets meet the liquidity question.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Free.