Microsoft finally moved on AI....
2 days ago they finished their worst quarter since 2008... Literally because they've been lagging in AI. They over indexed via their CVC and didn't incorporate fast enough into their core suite
Software is performing at an all time low. Huge sell off in public markets.
Time to buy?
For once Warren Buffett's rule doesn't ring true. Enterprise software companies aren't pivoting fast enough. Many will be obsolete in 5 years
Lunate and Brevan Howard Launch $2 Billion Investment Platform.
Lunate has committed $2 billion to a new investment platform in partnership with Brevan Howard that will feature a suite of funds exclusive to the partnership.
The platform will combine the expertise of Brevan Howard, a $34 billion hedge fund manager, and Lunate, a $110 billion Abu Dhabi-based alternative investment firm, to create a world-class offering.
Based in ADGM, the platform is expected to raise additional capital over time from both local and international investors, leveraging the firms’ global networks and brand strength.
As part of the agreement, Lunate will also acquire a minority stake in Brevan Howard, expanding its range of products and investment solutions.
Brevan Howard’s growth in the region has been remarkable. Since establishing its regional headquarters in ADGM in early 2023, the office has become the firm’s largest globally by assets under management.
Brevan Howard’s unprecedented success in the region, together with its new partnership with Lunate, highlights the UAE’s position as one of the most attractive destinations for global asset managers seeking a platform for sustainable growth.
#abudhabi#uae#banking#investments#investmentbanking
Family offices won't commit to 10 year funds because there's just no reasonable liquidity option. The penalties are just too severe. I held a family office dinner in Paris last week, and this was a common theme.
goodinvestor.club/family-offices…#privateequity#familyoffice#wealth
Family offices were the original impact investors. They chose missions they actually cared about.
Now pension funds have gotten involved... We've forgotten about authentic, visible impact in favour of scalable, impersonal metrics.
Is it just me or did impact debt never really take off at scale?
Like, I can't remember more than 3 impact debt funds writing $100m+ cheques
And they're all climatey
How's a hospital going to get a loan? Banks won't unzip these days...
Every new angel investor and family office is over indexed on CPG.
Controversial opinion, but everyone has a bored cousin/nephew with an "innovative" protein bar/widget/fashion brand.
My very scientifically surveyed opinion 🤷
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