All Insights

In this episode of Can We Talk in Private?, co-hosts Alan Flannigan and Andrew Korz discuss their latest report, Hidden Layers: Rethinking Diversification in the Age of AI, and explore how AI is increasingly shaping investment portfolios across both public and private markets.

The Great AI Funding Shift is here, and with it, significant ramifications for portfolios. Hyperscaler free cash flow is sinking into negative territory, shifting the burden of financing the artificial intelligence spending boom from corporate cash flow to broader capital markets. With portfolios already significantly leveraged to AI, the accelerating proliferation of the theme across asset classes leaves investors with a clear dilemma: Allow portfolios to passively double and triple down on AI exposure, or actively seek exposures with distinct fundamental drivers?

Commercial real estate supply growth is slowing sharply, bringing markets back into balance and supporting property-level fundamentals.

Future Standard President and Chief Investment Officer Mike Kelly joins Barry Ritholtz on Bloomberg’s Masters in Business to discuss his journey from aspiring investor to alternative investment executive, the evolution of private markets and why he believes investors need a broader approach than the traditional 60/40 portfolio.

AI’s next phase may require flexible private capital to fund growing compute, power, land and other digital infrastructure needs.

In this episode of Can We Talk in Private?, hosts Alan Flannigan and Andrew Korz are joined by Michael Chen, Co-Head of Direct Equity Investing, to discuss the private equity co-investment market: how co-investments work, why GPs offer them and how they fit within a broader private equity portfolio.

Revenue growth and margin expansion drove 92% of U.S. private equity returns last year. Multiple expansion has taken a back seat in a higher-rate environment.

Despite softening private credit sentiment, the lower and core middle market continue to offer a differentiated and less competitive opportunity set.

In the first episode of Can We Talk in Private?, the new podcast from Future Standard, hosts Alan Flannigan and Andrew Korz sit down with Future Standard Chief Investment Officer Mike Kelly to share their views on the major themes driving private markets.

Our Midyear Outlook identifies the defining trends reshaping private markets and where we see opportunity across private equity, private credit, commercial real estate and infrastructure.

Amid rising tech concentration, middle market private equity can help diversify portfolios through broader sector exposure.

Middle market AI adopters report stronger revenue growth and faster expansion than their non-adopting peers.