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: 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.
Plus: Trump says he loves inflation, brides are hiring witches, and Middle Eastern sovereign funds are lining up for SpaceX
Plus: PE’s $35 billion AI infrastructure bet, Goldman rejecting over 99% of applicants, and banks quietly gutting their junior ranks.
Plus: A Goldman employee lost her job over a TikTok page, OpenAI is finally going public, and SBF is angling for a pardon.
Plus: Strong jobs data killed rate-cut hopes, Anthropic is warning about self-improving AI, and both Citadel and Point72 are now paying rivals for trade ideas.
Plus: Dimon is personally pitching SpaceX, Goldman is putting rockets in its lobby, and Blackstone capped withdrawals on its flagship private credit fund
Plus: Anthropic picks GS and Morgan Stanley to lead IPO, DeepSeek raising at $52B valuation, Broadcom plunges after earnings and PE stocks sold off on withdrawal cap fears.
Plus: Princeton walked back its divestment pledge, OpenAI is coming for Wall Street's workflows, and Victoria's Secret just had its best day in years.
