All Commentary articles – Page 3
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White papersMacro brief: Powering AI — Energy crunch sparks investment surge
If there is one element that underpins the development of artificial intelligence and reindustrialisation of America, it might be electric power.
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White papersThe Bull, the Bear and the Bubble
Many bull markets lead to bubbles, then bears, but the present bull is no bubble…yet.
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White papersGlobal Investment Views - January 2026
Central banks easing into a thus-far resilient economy
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White papersGlobal Risks Outlook 2026: Cloudy with a Chance of Boom
Heading into 2026, investors face a shifting landscape shaped by economic, policy, and geopolitical risks that cut across asset classes. Understanding these forces is essential to interpreting the environment ahead. In this Global Risks Outlook, we outline the macro forces that may influence 2026, including labor-market pressures, ongoing trade policy unpredictability, evolving AI-driven investment trends, and a complex geopolitical backdrop.
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White papers2026 Investment Outlook
Our latest Outlook report offers actionable insights into global markets
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White papersQ1 2026 Private Markets Outlook
In our view, the opportunity set for Private Market strategies remains deep. Within the sub-sector of Private Credit, we continue to hold a ‘Positive’ outlook.Investor appetite for private credit remains strong, thanks to its stability, yield premium, and consistent income, but deployment challenges and rising regulatory scrutiny are shaping the landscape.
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White papersKey Investment Themes 2026: Our roadmap for the new investment landscape
2025 has seen the global economy hold firm, despite headwinds from the US ‘Liberation Day’ tariffs and concerns over fiscal dominance and the ability of the Federal Reserve to maintain its independence. Most central banks normalised monetary policy while the AI investment boom helped to support growth.
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White papersFor Utilities, AI Poses Questions of Capacity and Affordability
The data center buildout is helping drive electricity demand, utility capex and issuance, but it is also fomenting risks tied to regulation and stranded generation capacity.
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White papersIPOs aren’t dead, they’re just napping…
It would be a massive understatement to say that the IPO market has seen fluctuations over the past five years. Only four short years ago, US markets experienced a record-breaking 1,035 IPOs, driven largely by the near-zero interest-rate market environment.
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White papersInsights from the Asia Pacific Real Estate Market
In this exclusive three-part series, we unpack the forces shaping the region’s investment landscape, from long-term performance and macro fundamentals to sector innovation and demographic shifts. Whether you’re navigating tactical plays or positioning for the next cycle, these insights offer a forward-looking lens into one of the world’s most dynamic real estate markets.
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White papersEuropean Private Loans: A Deep, Diversified, Quality Asset Class
European private loans provide investors with an opportunity to finance market-leading companies at the core of Europe’s economy.
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White papersAbove and below the radar: Five themes for 2026
The outlook for growth, inflation and rates remains unsettled, but compelling opportunities exist. From U.S. large caps and private credit continuing their momentum, to potential turnarounds in municipals, real estate and private equity. Discover five investment themes to watch in 2026, including less-discovered areas like alternative credit markets and second-derivative AI plays.
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White papersCould Growth and Markets Fly?
Irrespective of whether the Federal Reserve cuts rates this week, we expect rates to fall, stimulating a reacceleration in the economy and supporting the prospects for risk assets.
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White papersEconomic outlook: Less uncertainty, healthy growth
If 2025 was the year that tariff-induced uncertainty upended the outlook for the global economy, 2026 could be the year that things come back into focus.
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VideoNeuberger Berman Private Markets: Q3 2025 Preliminary Valuation Summary & Analysis
For Q3 2025, based on preliminary analysis, Neuberger Private Markets currently anticipates that buyout funds (including growth equity) will increase in value by an average of 1.2% in USD. Similarly, venture capital funds are expected to increase in value by an average of 4.4% in USD, albeit with a much wider dispersion than the buyout sample.
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White papersStewardship 2026 Outlook:A systemic shift in a changing world?
The coming year will bring both challenges and opportunities. Artificial intelligence, the climate transition and the shifting sands of geopolitics will all play an outsize role but in 2026, investor stewardship will increasingly focus on systemic economic risks and opportunities alongside the financial performance of individual investments. For universal owners – those widely invested in the economy with long-term horizons – absolute returns will matter and not just relative performance. This means stewardship needs to extend beyond corporate engagement to include active participation in shaping policy and market best practices that create environments for companies to grasp opportunities sustainably and grow profitably.
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Asset Manager NewsActis launches new Latin American hyperscale data center platform, TERRANOVA, To Accelerate Latin America’s Digital Expansion
SÃO PAULO & LUXEMBOURG, 2 December 2025: TERRANOVA, a new hyperscale data center platform established by Actis, a leading growth market investor in sustainable infrastructure, and part of General Atlantic, a global investment leader, today announced its official launch in Latin America. TERRANOVA’s mission is to power the region’s next phase of digital growth, building energy-efficient and customer-focused data centers that meet the rising demand for AI and cloud infrastructure across Brazil, Mexico, and Chile.
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White papersGlobal Investment Views - December 2025
The year is drawing to a close with most risk assets in positive territory, and global stocks and metal prices seeing multiple highs. Even the longest US government shutdown in history didn’t curb market enthusiasm. We think markets have been looking through the weakness in the belief that monetary and fiscal policy levers will be available for support, that profitability of AI investments is almost a given, and that corporate earnings will continue to exceed expectations, following a strong results season in the US, somewhat less so in Europe. The tariffs’ impact on consumption is also largely being ignored.
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White papersU.S. markets for ecosystem restoration: Enabling investment in nature-based solutions
Balancing the impacts of economic development with the conservation of natural resources is critical for ensuring continued economic security — particularly as over half of the world’s economy depends on nature.
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White papersArtificial Intelligence for Behavioral Finance
Artificial Intelligence (AI), particularly Machine Learning (ML) and Deep Learning (DL) techniques, have been extensively used in consumer finance to assess credit risk, develop automated models for loan attribution, and forecast households’ insurance claims and spending. However, their application in analyzing retail investors’ behaviors and designing tools to shape financial advice has emerged more recently.
