biotech
For Members Only

RA Capital Launches Fourth SPAC as Private Investment Pipeline Continues to Grow

The life sciences firm has deployed more than $5 billion into private companies since 2020, giving it a broad universe of connections to potential health care acquisition targets.

Stephen Taub

selective

Discovery’s Strong June Reinforces Its Bet on a More Selective AI Boom

Stephen Taub

podcast Kencel July 15

Churchill’s Ken Kencel on Private Credit’s Second Act

Julie Segal

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Skye Global’s Amazon Problem

Stephen Taub

Illustration by II

Why Top Pensions Like Verizon and Lockheed Martin are Outsourcing to Goldman

James Comtois

biotech

Biopharma Funds Surge on Deals and Drug Breakthroughs

Stephen Taub

tech

PivotalPath: Hedge Funds Post One of Their Best First Halves in Nearly Three Decades

The Editorial Team

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Despite Software Making a Comeback, Investors Still Struggle With Valuations

James Comtois

carry the load
For Members Only

Seligman’s AI Winners ‘Carry the Fund’

Stephen Taub

money

Study Says Life Insurers May Need $4.5B More Capital for Private Credit Holdings

Michelle Celarier

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For Members Only

Light Street Rockets Higher as Tech Bets Fuel 37 Percent Gain

Stephen Taub

biotech
For Members Only

Biotech-Focused Hedge Funds Back Talawar’s Fast Moving SPAC Merger

Stephen Taub

Donna Snider (via LinkedIn)

Hackensack Meridian’s Donna Snider Has Something Many CIOs Don’t: Liquidity

James Comtois

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David Greenberg Has Left Virginia Tech Foundation

James Comtois

workers

Opinion: When Workers’ Capital Funds Their Own Displacement

Angelo Calvello

hit the brakes
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Hedge Funds Hit the Brakes on Venture Deals After Strong Start to 2026

Stephen Taub

Jason Alden/Bloomberg

Late to Private Markets, City of Austin May Have Gotten the Timing Right

James Comtois

AI
For Members Only

Tiger Global, Maverick Back Upscale AI at $2B Valuation

Stephen Taub

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Despite the Hype, Asset Managers Are Measured in Their AI Spend

James Comtois

(Peter Boer/Bloomberg)

OCIO Boom Is Pushing Smaller Foundations Deeper Into Private Markets

James Comtois

trends
For Members Only

CTAs Stall in May After Strong Start to Year

Stephen Taub

business date

Opinion: Why VCs Broke Up with SPACs — And Why They Are Dating Again

Dan Nash

Andre Peroldcopy

Andre Perold on AI: The World Is Changing Faster Than Markets Can Process

Julie Segal

curveball
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Glenview’s Curveball Trade Pays Off

Stephen Taub

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The AI Trade Beyond the Mag Seven Is Paying Off for Tekne

Michelle Celarier

Sacramento, CA (David Paul Morris/Bloomberg )

Negative Cash Flow Pushes Sacramento County Deeper Into Private Credit

James Comtois

unlock
For Members Only

SPACs Reemerge as Exit Valve to Unlock Private Bets

Stephen Taub

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De-Dollarization Doesn’t Mean Capital Is Leaving America

Jonathan Kandell

biotech
For Members Only

Biopharma Hedge Funds Cool After Breakout Year

Stephen Taub

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OpenAI Backers Include Hedge Fund Heavyweights Poised for IPO Payoff

Stephen Taub

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European Real Estate Credit Firm Zenzic Expands With $100m Commitment from Stable Asset Management

James Comtois

Sohel Hussain

Meyer Memorial Trust’s Sohel Hussain Launches Investment Advisory

James Comtois

New York Life Insurance Company headquarters in New York City (Getty Images)

New York Life Gets into Resi Mortgage Loans as Scale Forces New Bets

James Comtois

background

PivotalPath: Technology Leads Returns — and Allocator Demand

The Editorial Team

Multi colored caps lids - stock photo (Credit: Igor Radchenko / Getty Images)

Microcaps Are Beating Large Caps — But Allocators Aren't Biting

James Comtois

Stuart Fiertz

Cheyne Capital’s Stuart Fiertz on Private Credit’s Slow Motion Stress Test

Julie Segal

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Andrew Left’s Fraud Conviction Raises New Risks for Activist Short Sellers

Michelle Celarier

AI brain technology OpenAI Anthropic

Anthropic’s Backers Include a Who’s Who of Hedge Funds

Stephen Taub

Downtown Cincinnati (Credit: Jeremy Poland / Getty Images)

Why One Life Insurer Is Taking More Equity Risk Than Peers

James Comtois

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The Pension Fixer Who Finally Got to Build His Own Portfolio

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Flight Deck Capital Soars 119 Percent Through June on Strength in AI Enablers

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How Third Point Generated Strong Gains With Less Market Risk

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calm before storm
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Greenlight’s Flat June Masks Wild Swings Beneath the Surface

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Cambridge, Other Advisors See Spike in Interest in Co-Investments

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biotech
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Beyond the Biggest Deals, Hedge Funds Are Backing Top IPO Performers

Stephen Taub

cut out the middle man

T. Rowe Price Restructure Shows Growing Influence of Consultants

John Crabb

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For Members Only

Perceptive SPAC Delays Freenome Merger

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Surge
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Tiger Funds Surge on AI and Semiconductors

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II Reveals More Nominees for the 2026 Allocators’ Choice Awards. Now It’s Time to Vote.

The finalists for Corporate Pension Plan CIO, Team of the Year, Allocator/Manager Partnership, and the award for Leadership and Vision are out now.
<p>II Reveals More Nominees for the 2026 Allocators’ Choice Awards. Now It’s Time to Vote.</p>
AI Is Making Even Tech Hedge Funds Look Like the S&amp;P 500

AI Is Making Even Tech Hedge Funds Look Like the S&P 500

PivotalPath’s data suggests AI concentration is no longer just reshaping benchmarks. It’s making it harder for even specialized tech investors to look meaningfully different from the market itself.
Julie Segal May 27, 2026