Observation

Many diversified portfolios have moved past a simple 60/40 mix, yet allocations to alternatives often remain uneven. Property, infrastructure and asset-backed finance can be underrepresented relative to what they offer in income, real-economy exposure and differentiated return drivers.

Our evolving investment environment has driven a step-change higher in inflation outcomes and volatility since 2020. Multipolarity, populism, demographics, climate change, and new technologies are complicating the outlook and increasing the value of true inflation resilience.

AI is moving beyond technology to reshape economies, markets and portfolios. As its impact spreads across asset classes, investors face both new sources of risk and a growing opportunity set.

The companies shaping the next phase of AI are often still private and difficult to access. StepStone Group explores how investors can look beyond public-market leaders to gain selective, diversified exposure to the venture and growth businesses building the AI economy, from infrastructure and...

AI is reshaping how companies are built, how work gets done and where long-term value may emerge. Square Peg’s Leila Lee explores why the next wave of opportunity may lie beyond the hype — in disciplined backing of founders building durable, AI-native businesses for large and specialised...

In a world defined by geopolitical disruption, technological change and market volatility, investors cannot afford to focus solely on downside risk. We explore why today’s uncertainties may also create powerful long-term opportunities from AI and energy resilience to innovation in an...

In the latest Observation, we examine what the RBA’s decision to hold rates means for investors and why preparing for a world of higher and more variable inflation may matter more than forecasting the next move in interest rates.

As the dust settles on the 2026 Federal Budget, many family groups are concerned about the impact of the tax-related Budget announcements on their corporate structures. In combination with the recent ‘Division 296’ changes to superannuation legislation, these tax-related Budget changes have...

Asset-based finance (ABF) is becoming a significant opportunity in private credit. The market already exceeds $5 trillion globally and is expected to surpass $10 trillion by decade-end, yet private capital represents only around 5% of the investable universe.