Not long ago, private markets sat on the fringes of most portfolios – niche strategies used to pick up extra yield around the edges of traditional portfolios. That’s no longer the case. Over the past two decades, private markets have moved steadily into the mainstream, propelled by strong performance relative to public markets, a broader opportunity set, and greater accessibility for investors of all sizes. What was once considered an alternative is now becoming essential.
From November 10th to November 22nd 2025, the 30th Conference of the Parties of the UNFCCC, more commonly referred to as COP30, was held in Belém, Brazil. This was the first COP ever hosted in the Amazon region, and it was the second most attended COP after COP28 in Dubai. This conference is the largest annual international meeting on climate organized by the United Nations, since 1992: government representatives come together to attempt to agree on action for the climate crisis. With time, the conference has gathered also financial actors, corporates and civil society, with commitments going beyond policy making.
Hello, everyone and welcome to this edition of Beyond Consensus. My name is Rick Brink, Market Strategist. I’m joined by Inigo Fraser Jenkins, Co-Head of Institutional Solutions. This is a blast for me to go one-on-one with Inigo. And the topic is a topic that you can find everywhere right now, the idea of AI. And there’s really two main ways that AI is being approached in the investment world. One is something that actually I just did on our Disruptor Series—shameless plug by the way—and this is the idea of how AI gets adopted. The S-curves all the way through physical AI, the needs for energy, what it means as an investor and what gets produced. That’s one side.