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: Private equity at 50, self-made millionaires, and AI productivity paradox.
Plus: A new Fed Chair, the biggest IPO in history on the horizon, and the DOJ probing private credit valuations.
Plus: Private credit sending mixed signals, PE portfolios are finally thawing, and DOJ dropped fraud charges right after a $10 billion pledge.
Plus: Warsh is confirmed, inflation is back at 2022 levels, and Blackstone is building a fund designed to outlast most careers.
Plus: Anthropic is closing in on a $900 billion valuation, eBay swatted away GameStop, and Goldman's own president is calling the bank a human assembly line.
Plus: Blackstone wants to build 50,000 homes a year, KKR is bailing out its own credit fund, and OpenAI allows employees to sell up to $30M worth of stock.
Plus: Apollo emerging as early winner in private credit panic, Michael Burry is flashing bubble warnings, and Lime files to go public.
Plus: Rana hires an attorney who repped Epstein accusers, eBay bans GameStop's Ryan Cohen, AI trading loses money, and Apple's putting cameras in AirPods.
Plus: JPM's sex scandal accuser rejected a $1M settlement, Anthropic is doing compute deals in space, and Wall Street is lining up data center IPOs.
Plus: Anthropic is coming for the analyst class, bots are taking over bond trading, and Morgan Stanley's Budapest operation is under federal scrutiny.
Plus: GameStop swung for a $56B acquisition it couldn’t explain how to pay for, Palantir is growing faster than ever, and someone stole $80K of mac & cheese from Chick-fil-A.
Plus: GameStop is bidding for eBay, Spirit Airlines shut down, and KKR just raised $10 billion for AI infrastructure.
