In 1688, Joseph de la Vega wrote, “Profits on the exchange are the treasures of goblins. At one time they may be carbuncle stones, then coals, then diamonds, then flint stones, then ...
Since the Federal Reserve’s historic rate hiking campaign and the inversion of the yield curve in late 2022, we have been waiting for an economic downturn. We have yet to see one, ...
In the underbelly of private markets lies the main culprit behind corporate failures: defective capital structuring. Frequently the result of human failings, the widespread ...
Private credit has rapidly evolved from a niche asset class into a dominant force in the global lending ecosystem, now representing an estimated $2.5 trillion industry rivaling ...
Investors seeking to diversify their holdings away from traditional private equity may want to look at search funds. Although these funds debuted in the mid-1980s, they have gained ...
Retail investors in Singapore may soon gain access to private market investments once reserved for institutions and the ultra-wealthy. In a move that could reshape how individuals ...
In the history of every great catastrophe, you will find some masterly bit of stupidity set fire to the oil-soaked rags. —EDWIN LEFEVRE, author of Reminiscences of a Stock ...
Private capital markets are no longer a side story in global finance. Despite the sector’s insistence that it brings many benefits to the broader economy, the growing size of private ...
Private credit in Europe’s lower mid-market offers something increasingly rare: structural inefficiency that favors investors. While the United States dominates private credit by ...
As regulators move to open private markets to a wider investor base, the question is not whether retail access should be allowed, but whether the structure of these markets can ...
“Once a majority of players adopts a heretofore contrarian position, the minority view becomes the widely held perspective.” DAVID SWENSEN, late CIO of the Yale Investments ...
Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver ...
