Key Investment Themes and Opportunities for 2025
Beyond the macro and policy influence, we are focused on a handful of key themes that we believe will drive markets and investor returns in 2025 and beyond. These include artificial intelligence driving change, the shifting dynamics in private markets, opportunities across digital and power infrastructure, and nuanced opportunities in credit. Below we briefly summarize each theme and provide a link to the deeper dive.
The Magnificent Seven – Leading the AI Revolution
The “Magnificent 7” tech giants—Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla — dominated the investment landscape in 2024, driving an outsized share of the S&P 500’s return. Our recent overview provides context.
Private Markets – Changing Market Structure Benefits Scale
Markets have seen tremendous change over the last few decades, with the number of public companies (and initial public offerings) dropping significantly and private companies increasing. What are the themes behind these trends and what does this mean for investors looking to generate returns? We explore the implications and potential opportunities for investment in private markets using scale as an advantage and share our latest outlook for each sector of the market.
Infrastructure – Digital & Physical Growth Opportunities
In 2024 our investment team surveyed the opportunities to invest in digital infrastructure across public and private markets. We also published a deep dive on the state of the power markets globally including implications across industry segments.
Credit Outlook – Complexity Breeds Opportunity
The environment for non-investment grade credit and credit alternatives remains attractive, albeit complex. There are a myriad of macro and micro elements that create risk. While impossible to time the appearance of these elements or predict the magnitude, we believe their potential for significant impact creates asymmetric risk/reward opportunities.
If you have any questions or would like to discuss the key investment themes and opportunities further, please contact us.
Disclosure
This communication and its content are for informational and educational purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but is not a representation, expressed or implied, as to its accuracy, completeness or correctness. No information available through this communication is intended or should be construed as any advice, recommendation or endorsement from us as to any legal, tax, investment or other matters, nor shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security, and this communication has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient. Past performance is no guarantee of future results.
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