"Money moves at the speed of trust." - John [00:01:44]

"Belief is like I believe you... trust is very different... I don't have faith in it, I don't trust it." - John [00:02:38]

"The more fearful somebody is and the more trust you can develop, the less desire they need." - John…

1. Executive Briefing (TL;DR)

• The Core Thesis: The rapid expansion of private equity and private credit has birthed a massive, highly leveraged system vulnerable to rising short-term interest rates. As floating-rate debt structures collide with sticky inflation, capital preservation through deep value assets and structural liquidity is essential to weather the emerging down cycle.
• **Top 3 Key…

• Speakers: Howard Marks (Co-Chairman, Oaktree Capital Management), Bruce Karsh (Co-Chairman and Chief Investment Officer), and Armen Panossian (Head of Performing Credit) [00:00:15].
• Event: Oaktree Capital Management Global Investor Briefing, June 11, 2026 [00:00:02].

**1. Macro…

• Host: Allison Nathan
• Speakers:
• Pete Lyon – Global Co-Head of the Capital Solutions Group, Goldman Sachs Global Banking & Markets
• Michael (Mike) Brandmeyer – Global Head and CIO of the External Investing Group, Goldman Sachs Asset Management
• Recording Date: Tuesday, May 26, 2026

1. Macro Context and Structural Evolution of Private Markets

• The Super-Cycle (2010–2022):…

• Courtney Reagan: Host, Senior Editor of Blackstone Insights.
• Viral Patel: CEO and a member of the Board of Directors of BXPE. Mr. Patel is a member of the Investment Committees for BXPE and Blackstone Growth..

Executive Summary & Core Investment Philosophy [00:00:30] Blackstone’s private equity strategy manages a portfolio of more than 270 companies by…

In this episode, Future Standard’s Investment Research team members Alan Flannigan and Andrew Korz sit down with Scott Burr, Senior Portfolio Manager at Future Standard, to discuss how multi-strategy investing may help investors navigate a changing macro regime.

1. Executive Overview & Speaker Profile

• Scott Burr introduces himself as a senior portfolio manager at Future Standard who manages a liquid…

Core Overview & Corporate Profile

• The Subject: KKR’s Direct Lending investment thesis and long-term capital partnership with Woolpert [00:00:06].
• Speaker: Representative from KKR Private Credit / Direct Lending business [00:00:41].
• Target Profile: Woolpert serves as a premier example of KKR’s core direct lending…

Speaker Profiles & Introduction

• Matt Holman [00:00:48]: Managing Director, Business Operations team within Brookfield’s Private Equity business. Joined the firm after serving as a long-time business operator, including 16 years at Polaris Industries and tenure as CEO of two independent companies, including Liberty Diversified International. -…

00:00:08 Overview & Asset Profiling

• Asset Name: Calhoun 75 [00:00:08]
• Asset Type: State-of-the-art industrial distribution center / warehouse [00:00:14]
• Acquisition Year: Acquired in 2025…

This Morgan Stanley "Alts Report" features Alli Nest, Head of Investment Solutions Products, discussing the rapidly expanding landscape of alternative investments and their strategic value for high-net-worth investors.

Overview of Alternative Investments

Alternative investments encompass assets beyond traditional stocks and bonds, including **private equity, private credit, real estate, infrastructure,…

"The fact that we're debating about a bubble means there's a bubble that's it." - Kirk McKeown [00:01:02]

"Competition lowers competitive advantage because more people in... the arbitrage and spreads get tighter." - Kirk McKeown [00:06:50]

"Alpha rewards those who value assets…

This summary details the press conference held by Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), regarding the newly approved PIF Strategy for 2026–2030. The strategy marks a transition from a phase of rapid growth and expansion to one of sustainable value creation and institutional maturity.

1. Strategy Launch and Core Vision (2026–2030)

• Strategic Approval: The Board of…

In this episode of the Alts Report,** Mike Arougheti**, CEO and founder of Ares Management, discusses the significant shift toward alternative investments, the current state of the real estate market, and the burgeoning ecosystem of sports, media, and entertainment.

1. The Evolution & Secular Shift of Private Markets The shift toward alternatives is not merely a trend but a 30-year…

"Whatever needs to be rectified in all this uh you know will take place So you know uh to quote Queen Elizabeth just stay calm and carry on." - George Roberts [00:08:58]

"You know our scientific approach to investing is throw enough stuff up something will stick And uh uh so we're always trying new things and that is really important." - **Henry…

"Just because you did not take an interest in politics, it doesn't mean that politics doesn't take an interest in you." - Michael Milken (quoting Pericles) [00:08:16]

"Financial institutions, insurance companies, banks, they tend to die of one of two causes. They tend to die of heart attacks or cancer." - Marc Rowan…

This summary details the insights of Apollo Global Management CEO Marc Rowan regarding the state of private credit, the misunderstanding of market risks, and the specific impact of AI on the software sector.

I. Market Misconceptions & The Media Narrative [00:00:00]

• Media vs. Reality: Marc Rowan characterizes current concerns about private credit as a "media…

This video provides an in-depth look at Refresco, a premier global contract manufacturer for the beverage industry, and explores why KKR identified it as a unique "industrial infrastructure" investment opportunity.

[00:00:09] Company Overview & Critical Infrastructure

• Global Role: Refresco is recognized as one of the largest contract…

In this video, leaders from Altavair and KKR discuss their strategic partnership in the aircraft leasing industry, highlighting how they navigated the unprecedented challenges of the COVID-19 pandemic through long-term vision and stable financing.

Overview of Altavair and the Aircraft Leasing Market**

• Corporate Identity: Altavair is an aircraft leasing operating company that invests in commercial…

This interview features Joan Solotar, Global Head of Blackstone Private Wealth, discussing the evolving landscape of private markets, the rapid growth of private credit, and the firm’s strategy for individual investors.

1. Business Scope & Model [00:00:00]

• Context of Growth: The segment opens amidst a debate over whether private…

This comprehensive summary breaks down the key insights from the Morgan Stanley Alts Report, featuring Alisa Wood, Partner at KKR, discussing the rapid evolution and growing accessibility of alternative investments.

The State of Private Markets

• AUM Growth: Over the past decade, private markets' assets under management (AUM) have more than tripled, currently sitting in the range of **$18…