Core Insights - Private investment firms are increasingly interested in local utilities that supply electricity to customers and support AI data centers, driven by the potential for significant financial returns [1][2][3] Investment Trends - Billions of dollars are being directed towards electric utilities in states like New Mexico, Texas, Wisconsin, and Minnesota, serving over 150 million customers [2] - The demand for infrastructure investment is heightened by the rapid expansion of AI technologies, particularly following the launch of OpenAI's ChatGPT in late 2022 [3] Major Deals and Developments - Blackstone is pursuing regulatory approval to acquire utilities such as the Public Service Company of New Mexico and Texas New Mexico Power Co [4] - Wisconsin has approved the buyout of the parent company of Superior Water, Light and Power, while Northern Indiana Public Service Co. sold a 19.9% stake to Blackstone [4] Regulatory Challenges - A contentious situation has arisen in Minnesota regarding the buyout of Allete, the parent company of Minnesota Power, which serves 150,000 customers and has diverse energy sources [5][6] - The outcome of the Minnesota Public Utilities Commission vote on October 3 could significantly impact the expansion strategies of private equity firms in the utility sector [5][7]

How fast Meta can actually ramp their $600 billion (?) CAPEX plan? Hyperscale has looooooooong lead times. What do they do in the interim when every new employee has been promised their own personal cluster? The good news is 2028/9 timeframes give Meta more time to figure out how personal superintelligence might contribute be a business. The bad news is the world will change a lot in three or four years.They Don’t Have the Energy There are questions about whether they have the money. And questions about whe ...

Electronic Arts is in talks to be taken private by a consortium led by Silver Lake Management and Saudi Arabia’s Public Investment Fund, according to a source https://t.co/K3zUFt0hO5 ...

Private Markets - Private credit and equity之间的界限变得模糊 [1] - 基础设施融资的需求正在迅速增长 [1]

Michael Sonninfeld is back with us now. Michael, it's good to have you on. This is a stock market that not the last couple days, but really keeps going up.Are we seeing any more love from your members about stocks or is it still really about real estate. >> Actually, they just pulled back a couple points in the last quarter from the stock market and from real estate. still strong in private equity, but for the first time cash is coming up a little, fixed income is coming up a little and uh gold and bitcoin. ...

Core Insights - There is a noticeable shift in investment preferences among members, with a slight pullback from stocks and real estate, while private equity remains strong. Cash, fixed income, gold, and Bitcoin are gaining attention [1][6][7] - Bitcoin is increasingly viewed as a legitimate alternative asset rather than just a speculative investment, gaining acceptance among investors [5][6] - Wealth preservation is becoming a priority for members, with a focus on minimizing risks rather than seeking high returns [7][8] Investment Trends - Members are showing a cautious approach, indicating potential economic nervousness, as they diversify their portfolios beyond traditional equities [2][6] - The average member has significant wealth, averaging over 100 million, and is prioritizing wealth preservation over aggressive growth strategies [7][10] - The transition from entrepreneurship to investment is highlighted, with members needing to adapt their skills to manage their wealth effectively [11][13] Market Dynamics - Bitcoin's market size is currently only a tenth that of gold, yet both are considered secure assets by members [4] - The conversation around Bitcoin has evolved from hushed discussions to more open panels and discussions, reflecting its growing acceptance [5][6] - The focus on capital preservation suggests a broader trend in the investment community towards more conservative strategies in uncertain economic times [7][8]

Just for people that are not familiar with this and honestly even even myself um the the process here would be you would be turning a team into a corporation essentially or or an asset like what is the technical >> so the way to think about it assume a team makes 100 million of revenue you would go out and sell by 10% so that's 10 million so now whatever the revenue of that team is going forward you're going to get 10% of it. So the question is what are you paying for that. Right.>> Are you paying 100 milli ...

Goldman's UK private equity gambit shows a market niche getting smaller, writes @hughes_chris (via @opinion) https://t.co/Opks3fIzyC ...

Why does no one want to be first. Is it just because it's new or >> It's because it's new. Everybody's first to be second.Like everybody's like, I'll do it after. Um I think part of it is it's still I think it's people view that sports is pure. >> Right. >> Right.And >> but it's getting less and pure and pure by the day. >> No. And that's the problem.I mean, it really is. It's not it's not how you and I grew up. up.I mean, I know I'm older, but you ended up thinking that players or athletes were playing and ...

Alex Sherman: Mark, thanks for joining us. Pleasure being here. You have started a sports fund in 2024 let's start here.Why sports. And what are you thinking about investing in now. Well, I guess sports, because I've always loved it.I actually think as an asset class, it's something you want to be invested in. And I think you're literally in the first second inning. I think you can make a fortune of money investing in sports.So that was the reason why I started it. You just don't have that much competition ...