Coverage, charts, video and research on Sovereign Capital for universal owners.
The next phase of digital finance is not crypto speculation. It is who controls the programmable rails under sovereign debt, infrastructure, real estate, energy and collateral — the assets the world’s largest owners already hold.
The U.S.–Iran oil waiver may lower inflation risk. But renewed attacks in Hormuz show why universal owners should watch insurance, payment channels and Gulf fiscal pressure — not just Brent.
Software became direct lending's favourite trade. Now AI is repricing software economics in real time — and the first cracks will show up not as defaults, but as recognition risk. What universal owners must ask now.
Data centers, grids and baseload energy are becoming the scarce assets behind the AI boom — and long-term capital may be the natural owner.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
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