Unlocking Liquidity

Private-market investors may still have a strong appetite for new opportunities, but many already have more capital tied up in existing investments than expected. Slower exits, reduced distributions and longer holding...

When an investor purchases a tokenised share, do they actually own part of the company—or simply a financial product linked to its value? The answer depends on the legal structure beneath the token. A stock token might...

ASIC’s attention is increasingly turning towards Australia’s private capital sector. As unlisted companies remain private for longer and more wholesale and sophisticated investors explore private market opportunities...

The private capital environment is changing. For many companies, the priority is no longer raising the largest possible round at the highest possible valuation. Instead, businesses are increasingly turning to bridge...

The pre-IPO market is moving beyond private placements negotiated through closed networks. As companies remain private for longer, demand is growing for more structured ways to connect shareholders seeking liquidity...

The most visible AI companies may not be the only beneficiaries of artificial intelligence growth. Behind every AI application sits an expanding network of computing capacity, secure data environments, energy...

Private-market deal access was once largely determined by who you knew. Opportunities moved through advisers, brokers, family offices and tightly held personal networks. While relationships remain central to private...

Is there really a shortage of capital in private markets, or is something else preventing investment from flowing? Despite record levels of committed capital, many private companies are finding it harder than ever to...

Private markets are changing. For decades, investors accepted a simple trade-off: private markets offered growth potential, while public markets provided liquidity and transparency. Today, that distinction is becoming...

For years, the private market playbook was simple: invest, grow, and eventually exit through an IPO or acquisition. Today, that model is changing. As companies stay private longer and investors seek greater liquidity...

The AI investment story is often told through breakthrough applications such as chatbots, copilots and generative AI platforms. Yet much of the capital flowing into the sector today is being directed towards something...

For decades, illiquidity was simply accepted as part of private market investing. Today, that mindset is changing. As companies remain private for longer and sophisticated investors seek greater portfolio flexibility...

Climate tech is entering a new phase. The narrative-driven optimism of the past few years is giving way to something more grounded—business models, revenue visibility and cash flow discipline. For investors, this shift...

The denominator effect was one of the defining forces shaping private markets when public equities fell sharply in 2022. At the time, many investors viewed it as a temporary dislocation, a function of portfolio...

Growth is no longer enough.In today’s private markets, capital efficiency is emerging as a defining measure of company quality—particularly as liquidity timelines extend and investors become more selective.The...