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Private Markets Digest connects the dots that matter across private equity, venture capital, private credit, and banking.

AI Debt $220B | Bitcoin Surges | Beef Relief

Aug 21, 2026

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6 min read

AI Debt $220B | Bitcoin Surges | Beef Relief

AI hyperscaler debt hit $220 billion this year, up from $12.5 billion at this point last year. Bitcoin jumped toward $80,000. Trump announced tariff-free beef imports for 90 days.

Dio Pouerie, +1

Price Your AI Marks Against a Filing Date

Aug 21, 2026

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5 min read

Price Your AI Marks Against a Filing Date

Anthropic is sizing the largest IPO ever after losing almost $42 billion last year. Bessent says Treasury and the Fed would coordinate on the Fed's holdings. JPMorgan filed six layoff notices across a record first half.

Dio Pouerie, +1

Bond Market Reverses the Buyback | Walmart's Worst Growth | Data Center Midterm Issue

Aug 20, 2026

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5 min read

Bond Market Reverses the Buyback | Walmart's Worst Growth | Data Center Midterm Issue

JPMorgan, Jefferies, and PGIM warned the Treasury buyback break from "regular and predictable" raises yields over time. Walmart posted its weakest sales growth since 2020. Data center opposition is now a midterm "sleeper issue."

Dio Pouerie, +1

Bessent Doubled the Buyback | Pimco Long-Duration ETF Saw Record $123M Inflows | US-Canada Deal Cuts Metals to 25% | OpenAI Targets 2027 IPO

Aug 20, 2026

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5 min read

Bessent Doubled the Buyback | Pimco Long-Duration ETF Saw Record $123M Inflows | US-Canada Deal Cuts Metals to 25% | OpenAI Targets 2027 IPO

Bloomberg reports one or more investors piled into a long-duration ETF Tuesday, a day before the Treasury announcement. WSJ frames Bessent as "America's bond trader in chief." CNBC frames the move as pressure on Warsh's Fed. The US-Canada deal cuts steel and aluminum tariffs to 25% and auto tariffs to 15%. OpenAI told employees it plans a 2027 IPO.

Dio Pouerie, +1

Treasury Steps In | Google-Marvell Chip Deal | Refund Rally

Aug 19, 2026

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5 min read

Treasury Steps In | Google-Marvell Chip Deal | Refund Rally

The 30-year yield dropped after Treasury said it would ramp up bond repurchases. Google took a $12 billion stake in Marvell. The tariff refund cohort is now at seven companies.

Dio Pouerie, +1

Anthropic's Run Rate Hit $65 Billion in July. Its Pre-IPO Revolver Is Set to Pass $10 Billion.

Aug 19, 2026

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5 min read

Anthropic's Run Rate Hit $65 Billion in July. Its Pre-IPO Revolver Is Set to Pass $10 Billion.

Bigger loan commitments buy bigger roles in the IPO that follows. WSJ frames the global bond rout as a return to pre-2008 conditions. The 30-year mortgage hit 6.75% and the big landlords are already selling.

Dio Pouerie, +1

The Daily Briefing That Unlocks Private Markets.

AI Debt $220B | Bitcoin Surges | Beef Relief

Price Your AI Marks Against a Filing Date

Bond Market Reverses the Buyback | Walmart's Worst Growth | Data Center Midterm Issue

Bessent Doubled the Buyback | Pimco Long-Duration ETF Saw Record $123M Inflows | US-Canada Deal Cuts Metals to 25% | OpenAI Targets 2027 IPO

Treasury Steps In | Google-Marvell Chip Deal | Refund Rally

Anthropic's Run Rate Hit $65 Billion in July. Its Pre-IPO Revolver Is Set to Pass $10 Billion.

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