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The Siren Song of Sustainability: The Theocratic Trifecta's Third Leg!

Musings on Markets

A 2003 paper on corporate sustainability describes it as recognizing that " corporate growth and profitability are important, it also requires the corporation to pursue societal goals, specifically those relating to sustainable development — environmental protection, social justice and equity, and economic development."

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Price vs Value (Part 2): The Financialisation of Startup Investing

Equidam

A recent conversation between Peter Walker of Carta and Beezer Clarkson of Sapphire Ventures underscored this point – especially around the issue of secondaries (selling startup equity early) and why early liquidity can feel uneasy when a company’s true worth is uncertain. Use data, but stay grounded in reality.

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The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?

Musings on Markets

The first is that they have low correlations with financial assets (stocks and bonds), allowing for diversification benefits and the second is investments in some of these alternative asset groupings have the potential to earn excess returns or alphas.

Alpha 76
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Appetite For Alternative Assets Grows In Private Banking

Global Finance

Preqin, an alternatives research firm, is forecasting that alternative assets under managementincluding private equity and credit, venture capital, hedge funds, real estate, and infrastructure investmentswill rise from $16.8 Its not just about reducing risks but generating alpha and accessing opportunities you cant get in the public markets.

Banking 72
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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

Thus, as you peruse my historical data on implied equity risk premiums or PE ratios for the S&P 500 over time, you may be tempted to compute averages and use them in your investment strategies, or use my industry averages for debt ratios and pricing multiples as the target for every company in the peer group, but you should hold back.

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AE Industrial’s ‘Captain’ Kirk Konert On Firefly Beating Musk’s SpaceX, PE Space Race

Global Finance

So therefore, AE Industrial is the only private equity firm with a portfolio company that has achieved this milestone. We are now past the point of asking, Is this an investable sector for private equity and private investment firms? Their Falcon 9 is not a perfect rocket for the missions that Fireflys Alpha should be serving.

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The CEO alpha: The advantages of exceptional leadership

Mckinsey and Company

When private equity portfolio company CEOs perform well, the companies they lead do too, creating a “CEO alpha.” This episode of Deal Volume discusses how to cultivate great leaders for greater gains.

Alpha 124