Proprietary comp report by Overheard on Wall Street.
Harvard's endowment got rekt by private equity and hedge funds, but private equity professionals expect double-digit raises in 2024.
Private equity and venture capital firms from Silicon Valley to Wall Street are pumping millions of dollars into the psychedelic revolution. Investors are betting on the power of mind-bending drugs to transform mental health treatment and cut costs.
Plus: New twist in Dimon's succession race, Ares is rationing redemptions, and Apple is blaming AI for your next MacBook price hike.
Plus: JPM trashcan thief returns stolen goods and gets slapped with $175 in fines. Wendy's heads to the moon, and a Chicago skyscraper defaulted on Blackstone.
Plus: Anthropic drops Claude for Slack, Wimbledon debenture seats are now fetching over $500,000, and Oracle cut 21K jobs over the past year.
Plus: SpaceX disclosed $100 billion in cash, the stock still dropped 16%, and Bain & Co. is using AI vibe coding to build software replicas for private equity due diligence.
Plus: Record money is flooding into tech stocks, the memory chip shortage is touching even Apple, and Vegas has quietly priced out the bargain hunters.
Plus: Blankfein is day-trading without a computer, private credit redemptions keep accelerating, and Allbirds' AI rebranding.
Plus: IPO szn heating up, Thoma Bravo is down bad, a hedge fund lost $50B snubbing Nvidia for Adobe, and Florida is building luxury hotels for space tourists.
Plus: Bain made 20x ($15 Billion) on a chip bet, four MIT grads in their mid-20s just became billionaires, and SpaceX passed Amazon in market cap.
Plus: SpaceX keeps climbing, Nvidia is borrowing $20 billion to keep up with AI demand, and two investment banks just fought over a sovereign debt deal.
Plus: The Harvard grad now playing for US soccer, Musk becomes a trillionaire, JPMorgan threw a party with dessert "in the stars," and Vanguard dethrones BlackRock.
The story behind our private members club.
Plus: Bezos raised $12 billion for industrial AI, KKR is building a $10 billion infrastructure company with Nvidia, and some New Yorkers are living with nuns.
