Fundraising for closed-end private credit vehicles reached a record high in the second quarter of this year, highlighting the sustained strong interest from investors. This achievement comes during a year of heightened scrutiny for the asset class, with headlines focusing on underwriting concerns, the potential impact of artificial intelligence, disruptions in lending to software companies, and restrictions on withdrawals from certain semi-liquid funds. Against this backdrop, Aaron Mulvihill is joined in today’s episode by Jeff Bracchitta, Head of Private Credit at J.P. Morgan Asset Management. Together, they will discuss how different types of investors are viewing private credit, the possible effects of higher interest rates, and the evolving role of private credit in supporting AI-related capital expenditures.

Resources:

For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify

AI safety is no longer just a technology debate — it's moving markets. The AI build-out continues to drive demand across semiconductors and software, while cybersecurity risks, supply chain constraints and global competition from Chinese models add complexity to an already dynamic theme.

In this episode, join Gabriela Santos, Chief Market Strategist for the Americas, and Jason Yum, Research Analyst on the U.S. Equity Growth team, as they discuss how to think about AI as an investment theme and where opportunities are taking shape across the market.

Watch the video version on YouTube.

Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify

In recent years, financial advisors have increasingly adopted model portfolios because they help deliver consistent and scalable portfolio management capabilities, while freeing up more time to spend with clients.

As more alternative products become available for private wealth clients, alternatives are starting to become an option that advisors can choose to incorporate into these model portfolios, raising the need for investor education across the board.

On today’s episode, Aaron Mulvihill is joined by John Speer, Portfolio Manager, to discuss how alternative assets are being used in model portfolios, how liquidity is managed when using alternatives in models, and what the future of alternatives in models might look like.

Resources:

For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify