KKR’s $17B Exit, Private Credit’s Tech Shift, AI’s $1.3T Buildout

Plus: the 60/40 portfolio loses its hedge, data center deals accelerate, and AI moves deeper into PE.

Private Capital Firms Prepare for Increased Deal Activity

Our latest PE150 Micro Survey suggests a meaningful share of the industry is already preparing to put more capital to work.

AI’s First Macro Shock May Be Productivity, Not Jobs

Where employment is moving, rather than whether it is disappearing.

The Track Record Trap

Private markets have a peculiar relationship with evidence.

The Emerging-Market Currency Premium: Mispricing or Compensation for Hidden Risk?

Higher interest rates across emerging and developing economies are generally interpreted as compensation for weaker institutions, inflation uncertainty, capital-flow volatility and the possibility of sharp depreciation.

Valuation Expectations Are Splitting and Quality Is Driving the Divide

Sports Gets Institutional, Evergreen Grows & Exits Reopen

Sports are becoming an asset class, evergreen funds are becoming a fundraising cheat code, and exits are finally showing signs of life.

Multiple Expansion Without Control

Professional sports has become an institutional asset class faster than almost anyone expected.

The Soft-Landing Sweet Spot

Why weaker U.S. data could keep markets rising—until bad news becomes bad news again

AI Is Showing Up in Productivity. The Question Is Who Captures It

AI’s productivity promise is finally showing up in the data—and PE may be where it matters most.

America's Fiscal Crossroads: Why the National Debt Is Becoming the Defining Macro Variable for Investors

How deficits, demographics, and rising interest costs are reshaping long-term investing.

Credit Markets Are Reopening, But Optimism Remains Selective

Housing Heats Up, Europe Wins EVs and AI Unlocks Liquidity

When the Stadium Lights Dim: From World Cup Boom to Geopolitical Risk

Residential Real Estate in 2026

AI, Productivity and the Solow Growth Channel: Why Higher A Matters Now

AI as the New Engine of Solow Growth

Global Supply Chains Enter a New Phase of Persistent Friction

Global supply chains are once again becoming a central macroeconomic concern.

Economic Policy Uncertainty Reaches Levels Reminiscent of Past Global Crises

Global economic policy uncertainty has risen sharply over the past year, reaching levels that increasingly resemble periods associated with major systemic shocks such as the 2008 Global Financial Crisis and the COVID-19 pandemic.

The Structural Decline of U.S. Dollar Purchasing Power Since the Nixon Shock

The long-term erosion of the U.S. dollar’s purchasing power represents one of the most important macroeconomic developments of the modern financial era.

Who Is Paying the Tariff?

The cleanest answer is also the least politically convenient one: American consumers and firms are paying most of it.

The $80 Billion Tournament: How the 2026 FIFA World Cup Becomes a US Economic Engine

The 2026 FIFA World Cup is not just expanding the game to 48 teams and 104 matches.

The Dollar’s Softer Era Is Rewriting the Rules for Emerging Markets

The global monetary system is entering a more fluid phase.

Human Capital to Financial Capital

Education, Earnings Dynamics, and the Economics of Wealth Formation

Jobless Claims Rise to 219,000—Still Below Long-Term Averages

U.S. initial jobless claims increased to 219,000 in the week ending April 4, up from 203,000 the prior week, marking a 7.9% week-over-week rise.

Global Interest Rate Divergence and the Repricing of Sovereign Risk