The AI Gold Rush and the Ghost of 2000

With many recent news headlines dishing out growing trepidation about a possible stock market bubble, it’s hard to believe that just six months ago, investors were instead fearful that Washington’s policy missteps might push the economy into recession. This dramatic shift in sentiment highlights both the resilience of the U.S. economy and the extraordinary power … Continued

Private Equity Complements Public Market Exposure

Private equity is increasingly viewed not as a replacement for public markets, but as a supplementary component of a well-rounded investment portfolio. While public equities remain foundational for liquidity and broad market access, private equity offers exposure to parts of the economy underrepresented in public markets, particularly the U.S. middle market, and serves as a … Continued

Fundamental Shifts Evolving Within Private Markets

Many successful small and mid-sized companies are increasingly opting to remain private, driven by a combination of strategic, financial, and operational factors. Founders often prefer to retain control and avoid the scrutiny, regulatory burden, and short-term pressure that come with public listings. The once-standard pathway of going public early is fading as companies now wait … Continued

AI and the Promise of a Better Client Experience

Press 3 for customer service. Please go to our website for your requested information. Hi, I’m Alex, let’s get you started with a chat. Over the last twenty years, the use of such automated phones, deflections to websites and ”friendly’’ chatbots have all degraded the basic customer experience and consumers are surely skeptical of any … Continued

The Rise of Evergreen Funds Within Alternatives

Evergreen funds, also known as open-ended, semi-liquid, or perpetual vehicles, are transforming the private market landscape by offering a more accessible, flexible alternative to traditional illiquid funds. These continuously reinvesting vehicles enable ongoing subscriptions and redemptions across a wide range of private market sectors including real estate, infrastructure, credit, and equity. Unlike conventional private equity … Continued

Final Rules for Inherited IRA Owners in a Post-SECURE Act World

Between now and 2045, Cerulli Associates estimates that more than $80 trillion in wealth will be transferred from the Baby Boomer generation to their heirs. It is understandable to assume some of those assets will be in the form of retirement accounts such as IRAs, Roth IRAs and 401(k)s. With the enactment of the SECURE … Continued

Weight a Minute: Will GenAI Transform Your Figure?

In a period increasingly driven by technology and the pursuit of better health outcomes, innovation in weight loss drugs and Generative Artificial Intelligence (GenAI) have emerged as two promising avenues to address some of the most pressing issues facing society today. As GenAI progresses alongside innovations in weight loss drugs, we are going through one … Continued

How I Learned to Love the Bot

April 25, 2023 For those new to the relatively recent and rather profound paradigm shift in internet search, the next generation of chatbots can realistically simulate human conversation by mining huge samples of texts and images available on the internet. And these computer programs—including Open AI’s Chat GPT, Microsoft’s Bing AI, and Google’s Bard, among … Continued

The Coming Deglobalization

April 29, 2022 Fifty years ago, Air Force One, recently renamed the “Spirit of ‘76” in honor of our nation’s pending bicentennial, landed at the Shanghai airport. When its door opened and President Richard Nixon walked out, it was the first time in 25 years that diplomatic relations had reopened between the two countries. The … Continued

What’s Your Special Purpose?

April 22, 2021 From 1996 to 2018, the number of publicly listed companies in the United States fell by more than 45%. This stunning statistic is the result of ongoing mergers and acquisitions, plus the vast amounts of capital available to private companies and the perceived regulatory hurdles associated with going public. Not since the … Continued