Macro
Inflation's Second Act: What the Data Is Actually Telling Us
Headline inflation has moderated, but the structural drivers remain. We examine the components that matter most for long-term portfolio positioning.
8 min readJuly 2026
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Private Markets
The New Capital Cycle: Navigating Rate Normalization in Private Markets
12 min readJuly 2026
As central banks complete their tightening cycles, private market valuations are resetting in ways that create both risk and opportunity. This report examines where capital is flowing, where it is retreating, and what disciplined investors should be doing now.
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Equity
Quality at a Reasonable Price: A Framework for the Current Cycle
With valuations compressed across growth names, the case for quality compounders has rarely been stronger. Here is how we screen for them.
10 min readJune 2026
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The Credit Opportunity in Mid-Market Lending
As banks pull back from middle-market lending, a significant gap has opened for private credit providers. We assess the risk-adjusted opportunity.
7 min readJune 2026
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Secondaries as a Strategic Allocation: Beyond Liquidity Management
The secondary market has matured into a sophisticated asset class in its own right. We explore how allocators are using it offensively, not just defensively.
9 min readMay 2026
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Geopolitical Fragmentation and the Rewiring of Global Supply Chains
The era of frictionless globalisation is over. We map the investment implications of a world reorganising around regional blocs.
11 min readMay 2026
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Energy Transition Capex: Separating Signal from Noise
Trillions are being committed to the energy transition. Not all of it will generate returns. We identify the structural winners and the capital traps.
9 min readApril 2026
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