The Trump administration is taking stakes in chip, defense, quantum, and rare earth companies that align with policy priorities. These “National Champion” stocks could see long-term competitive advantages that aren’t immediately apparent.

Last week, markets divided between mega caps, AI-linked tech, and energy driving the winning side, while small and mid caps sank lower. All eyes are now on housing, inflation, and retail sales data due out this week, along with Fed Chair Warsh’s congressional testimony.

Private credit redemption pressure and default upticks are not likely to affect well-diversified secondary private equity portfolios.

Last week, America’s collective attention was divided between two major events: the country’s 250th birthday and the wedding of Taylor Swift and Travis Kelce. Both got wall-to-wall media coverage, while the June jobs report—which actually moved markets—settled for a press release and a shrug.

Last week, America's pre-birthday physical came back mixed. The labor market remains robust and spending is up. The number nobody wants elevated is inflation, which reached a three-year high. Factory orders are the bruise that looks worse than it is; blame aircraft.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.

Dividend yield reflects what a company paid; price-to-book what it owns. Neither captures what it can do next.

Government-backed mortgage bonds have outperformed during some of the market’s worst quarters. Here’s how they work and what their track record has historically meant for investors seeking diversification.

Private equity (PE) buyout valuations have moved to unusually low levels relative to public equities.

Financial Literacy Month may be more effective when DC plans simplify participant decisions. What role can DC specialists play in helping sponsors see that?