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Private Markets Digest

The Daily Briefing That Unlocks Private Markets.

Trusted by capital allocators, family offices, and 40k+ serious investors who don’t chase headlines, they anticipate what comes next.

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

A Tariff Win for Retail? Not So Fast.

Feb 20, 2026

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10 min read

A Tariff Win for Retail? Not So Fast.

The Supreme Court strikes down Trump’s tariffs. GDP slows to 1.4%. Small retailers are still under pressure. Fintech firms want bank charters. The headline is trade. The theme is control.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
The Rules Around Capital Are Shifting

Feb 20, 2026

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11 min read

The Rules Around Capital Are Shifting

Housing policy is redrawing who can buy. A $20B healthcare sale tests private equity's bid. Live Nation heads to trial. AI infrastructure money keeps flowing. The common thread is simple: can capital still move cleanly?

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
Private Credit Hits a Timing Problem

Feb 19, 2026

•

10 min read

Private Credit Hits a Timing Problem

Blue Owl tightens redemptions after selling loans near par. Sponsors test exits. Banks debate posture. Input costs force redesign. Access is shifting.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
When AI Hits the Loan Market

Feb 19, 2026

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12 min read

When AI Hits the Loan Market

AI pressure is raising refinancing barriers for software and services borrowers. The Fed is nudging banks back into mortgages. Thrive raises $10B as power concentrates. U.S. force posture in the Middle East shifts underwriting math.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
Japan Sends $36B With Strings

Feb 18, 2026

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13 min read

Japan Sends $36B With Strings

Defense buyers want unrestricted use. Model limits now carry contract risk inside classified pipelines.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
When Data Becomes More Valuable Than Homes

Feb 18, 2026

•

12 min read

When Data Becomes More Valuable Than Homes

Data centers are outbidding housing across key corridors. Bayer moves to structure $7.25B in Roundup liability. Veritas closes $15.3B for defense. Constraint, litigation, and capital allocation are tightening the real asset map.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
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