Securitized markets still offer attractive relative value. Here’s where to find it.

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

Hot on the heels of the S&P 500’s strong earnings season, recent inflation data is giving investors another reason to be cheerful: consumer prices rose just 2.7% annually in July, below expectations. This lighter-than-expected print—despite tariff-related pressures in some categories—has led traders to ramp up bets that the Federal Reserve will begin cutting interest rates in September. But a lighter CPI has important implications for the equity market, too.

Secondary private equity can potentially enhance the return and risk profile of a traditional 60/40 portfolio.

Headline noise around rate cut odds, tariffs, and earnings pushed stocks higher.

Highlights from the week of August 1 – August 7, 2025.

Winning the AI race may hinge less on algorithms and more on powering data centers, which are projected to double their electricity consumption in the next decade. The grid is nowhere near ready. Here’s what it means for equity investors.

Investors have mostly been celebrating the S&P 500’s strong earnings season. But at the same time, a notable slowdown in labor markets is brewing: July’s nonfarm payrolls rose by just 73,000 versus expectations of 105,000, and prior months saw a downward revision of 258,000 jobs. Can corporate earnings remain resilient in this scenario? Let’s take a look.

An environment of few IPOs and low M&A activity can create a buyer’s paradise for secondary market funds.

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