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Institution

30 stories

AI coding agent startup Factory raises $200M at $5B valuation

Factory has raised $200 million at a $5 billion valuation, marking one of the venture capital market’s aggressive bets on autonomous software development.

Argya Whisnuputra16 Sept 20262 min read

Singapore Just Surpassed Monaco In Global Wealth Density

Singapore has overtaken Monaco to become the world’s most wealth-dense jurisdiction on a per-capita basis, according to the 2026 global wealth rankings.

Argya Whisnuputra13 Sept 20261 min read

Hedge Fund

Arini Hit by Losses on Aston Martin and Altice Debt Bets

Arini Capital Management, one of Europe’s fastest-growing credit hedge funds, is facing a difficult year after several concentrated positions in distressed companies moved sharply…

Argya Whisnuputra12 Sept 20262 min read

Venture Capital

Google Is Secretly A Great VC

In July 2026, Bloomberg's read of Alphabet's Q2 filing put a number on the quietest compounding machine in tech. Some $124.3 billion of private company investments, driven primarily by one name.

Ichsan Ibrahim9 Sept 20261 min read

Hedge Fund

Michael Burry Double Downs on $LULU

Burry Vows To Buy Lululemon Below $100 The Big Short investor holds his largest position through a guide cut and a CEO handoff, betting dislocation over permanent erosion.

Ichsan Ibrahim9 Sept 20261 min read

Private Equity

KKR Turns Private Jet "Gas Stations" Into a $10 Billion Coveted Asset

Apollo Global Management has acquired a co-controlling stake in Atlantic Aviation from KKR & Co., in a deal that values the private jet infrastructure company at nearly $10 bil…

Priya Nair2 Sept 20261 min read

Asset Management

BlackRock CEO Larry Fink, Reflects on His $100M Early-Career Loss

In 1986 Larry Fink lost one hundred million dollars in a single quarter, and the loss made him. He had earned the right to be reckless.

Argya Whisnuputra1 Sept 20261 min read

Family Office

Average Family Office Asset Allocation Q2 2026

Family offices leaned into public markets last quarter. Single family offices held 37% of assets in equities in Q2 2026, up from 34% in Q1, Real estate and private market exposure…

Argya Whisnuputra31 Aug 20261 min read

Hedge Fund

Englander's edge: Millennium outpaces Citadel in 2026

Millennium Management, Israel Englander's multi-strategy firm managing roughly $75 billion, has widened its lead over rival Citadel through the first half of 2026 while acceleratin…

Argya Whisnuputra29 Aug 20261 min read

Private Equity

Buyout firms turn to Apollo and Bain for fund financing

Global buyout firms are entering complex funding arrangements with private markets managers including Apollo and Bain, seeking to address investor frustration over the lack of cash returns.

Argya Whisnuputra29 Aug 20261 min read

Venture Capital

OpenAI launches $400M fund for AI startups

OpenAI is launching a new $400 million venture fund focused on early-stage AI startups, with the company serving as the fund’s sole investor.

Argya Whisnuputra28 Aug 20261 min read

Secondaries

LPs are selling Private Equity stakes to get cash back

LPs Are Selling Private Equity Stakes to Get Cash Back Private equity secondaries transaction volume reached $226 billion in 2025, up more than 34% year over year and a second cons…

Argya Whisnuputra27 Aug 20261 min read

Buyout

PayPal Said No to Stripe's $53 Billion Offer. Now It Wants $70.

PayPal's board rejected Stripe and Advent International's $53 billion takeover bid, calling the $60.50-per-share offer too low.

Argya Whisnuputra26 Aug 20261 min read

Hedge Fund

Renaissance Technologies Just Revealed a $6.5 Billion Rotation Into AI and Cybersecurity

Renaissance Technologies, the quant hedge fund founded by mathematician Jim Simons, has filed its Q2 2026 13F with the SEC.

Argya Whisnuputra25 Aug 20263 min read

Endowments

Harvard Reveals $2.2 Billion SpaceX Position Following Historic IPO

Harvard Management Company disclosed a $2.2 billion stake in SpaceX, making Elon Musk’s aerospace giant the largest position in the university’s publicly reported equity portfolio.

Argya Whisnuputra25 Aug 20261 min read

Sovereign Fund

Abu Dhabi Investment Council has reportedly committed around $1 billion to Singapore-based hedge fund Dymon Asia Capital

Images: w.media

Argya Whisnuputra25 Aug 20261 min read

Private Equity

The Dry Powder Problem Reshaping Private Equity

Private equity firms entered 2026 sitting on roughly $3.7 trillion of committed but undeployed capital, while LPs wait on delayed distributions. The growing imbalance is reshaping fundraising and forcing managers to return cash.

Ditra Quirone17 Aug 20265 min read

Hedge Funds

Ken Griffin at Stanford: Leadership Lessons from the 2008 Crisis to the AI Revolution

Citadel founder Ken Griffin discusses leadership through uncertainty, the importance of resilient financial systems, the risks of crony capitalism, and why continuous learning will define success in the age of AI.

Argya Whisnuputra17 Aug 20261 min read

Allocation Strategy

CalPERS Raises Private Equity Target to 17% of Total Fund

The largest US public pension approved a new strategic asset allocation that lifts private equity above private credit and real assets combined.

Priya Nair27 Jul 20261 min read

Direct Lending

Blue Owl and HPS Arrange $5B Unitranche for Hyperscaler Data Centre Developer

The club deal, one of the largest single-borrower unitranche facilities on record, funds a multi-site build-out for a colocation platform serving three US hyperscalers.

Priya Nair27 Jul 20261 min read

Annual Performance

Harvard Endowment Returns 9.6% as Private Equity Allocation Holds Near Record

Harvard Management Company's annual report shows the $53B endowment kept private equity above 40% of assets despite a challenging exit environment.

Priya Nair27 Jul 20261 min read

Allocation Strategy

ADIA Lifts Private Equity Allocation Target to 20% of Portfolio

The Abu Dhabi Investment Authority's latest annual review signals continued rotation out of public equities and into direct co-investment and GP stakes.

Sylvia Hartman27 Jul 20261 min read

Fees

Vanguard Cuts ETF Fees Again, Reigniting the Index Price War

The firm shaved expense ratios on 87 funds, the deepest single round of cuts since 2023, pressuring BlackRock and State Street to respond.

Priya Nair27 Jul 20261 min read

Pension Risk Transfer

Athene Prices Record $12B Pension Risk Transfer Deal

Apollo's retirement services arm absorbed the largest single PRT transaction of the year, taking on a Fortune 100 industrial's frozen defined-benefit obligations.

Sylvia Hartman27 Jul 20261 min read

Industry Survey

UBS Global Family Office Report Finds Direct Investing Overtakes Fund Commitments

For the first time, surveyed single-family offices allocated more new capital to direct deals than to third-party fund vehicles, UBS's annual benchmark study found.

Sylvia Hartman27 Jul 20261 min read

Block Reinsurance

MetLife Sells $9B Legacy Universal Life Block to Talcott Resolution

The transaction continues MetLife's multi-year run-off of capital-intensive legacy products in favour of fee-based group and specialty lines.

Tom Wakefield26 Jul 20261 min read