stuck money

More Than $1 Trillion Is Stuck in ‘Zombie’ Private Equity Funds

Managers “have been reluctant to shed below peak NAV because they've gotten accustomed to the marks that they saw four years ago.”

Michelle Celarier

Bing Guan/Bloomberg

After Buying Out the State of Michigan Retirement Systems, Domain Expands Multi-Family Real Estate Firm

James Comtois

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North Carolina Expands Barings Mandate With $2.1 Billion for RE Debt and Capital Solutions

James Comtois

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Haidar Overhauls Portfolio as Losses Mount

Stephen Taub

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Asset Managers Are Doubling Down on AI, But Data Quality is Emerging as the Real Differentiator

James Comtois

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Perceptive’s SPAC Finally Completes Merger

Stephen Taub

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Former Hershey Trust Chief Leslie Lenzo Launches Advisory Firm

James Comtois

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Opinion: Private Markets Face Their Next Test

Thomas Deinet

debt

A BDC Watchlist Finds $5.7 Billion in Portfolio Loans ‘At-Risk’

Michelle Celarier

energy
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CTAs Suffer June Setback as Commodity Trends Unravel

Stephen Taub

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Hedgies Eye Three Biopharma IPOs

Stephen Taub

Dubai

Foreign Capital Is Reshaping Gulf Trading Desks

Laurie McAughtry

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

Stephen Taub

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

Stephen Taub

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

Julie Segal

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

money

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

Michelle Celarier

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Light Street Rockets Higher as Tech Bets Fuel 37 Percent Gain

Stephen Taub

workers

Opinion: When Workers’ Capital Funds Their Own Displacement

Angelo Calvello

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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

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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

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

Dan Nash

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

Julie Segal

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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

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De-Dollarization Doesn’t Mean Capital Is Leaving America

Jonathan Kandell

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OpenAI Backers Include Hedge Fund Heavyweights Poised for IPO Payoff

Stephen Taub

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

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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

Downtown Cincinnati (Credit: Jeremy Poland / Getty Images)

Why One Life Insurer Is Taking More Equity Risk Than Peers

James Comtois

Recent Articles

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Building the Bench: How the University of Iowa Is Training the Next Generation of Insurance Investment Talent

tech
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Seligman Ventures Makes Ninth Investment Since February

Stephen Taub

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Nevada PERS Names Successor to Manage the $79 Billion Passive Portfolio

James Comtois

Carvana
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After a Remarkable Run, Concentration Cuts Both Ways

Stephen Taub

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Skye Global’s Amazon Problem

Stephen Taub

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The Pension Fixer Who Finally Got to Build His Own Portfolio

James Comtois

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

Stephen Taub

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How Third Point Generated Strong Gains With Less Market Risk

Stephen Taub

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Seligman’s AI Winners ‘Carry the Fund’

Stephen Taub

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