The Essential

The Debate Over Private Credit Returns Is Just Heating Up

Cliffwater is pushing back against a new study in the Journal of Private Markets Investing that shows the asset class doesn’t outperform public credit.

How Short Sellers Are Surviving a Crazy Bull Market — While Waiting for It to End

Activist Muddy Waters leads the pack, with other short sellers doing well by going long.

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A Candid Conversation on Real Estate’s Challenges, Cycles, Opportunities and Its Role in Institutional Portfolios

One of Venture Capital’s Top Firms Just Raised Its Final Fund. Why Is That So Rare?

Turning investment firms into multi-generational institutions is now the norm. Here’s what we can learn from one team that chose a different path.

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A Short Seller’s AI Exercise Paints a Dire Picture of Private Equity

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