Journal

Insights & Analysis

Perspectives on emerging markets, investment strategy, and institutional capital markets from our team.

Abstract visualization of global critical minerals supply chain showing processing dominance and strategic chokepoints
Featured

The Mineral Chokehold: Why Processing, Not Mining, Determines Great Power Competition

China controls 90% of rare earth separation, 99% of spherical graphite, and 95%+ of battery cathode precursors. The real chokepoint is not extraction but processing: the opaque, capital-intensive middle of the supply chain where raw ore becomes usable material.

Research8 January 202622 min read
Read Article
Abstract visualization of automated hotel technology infrastructure showing AI systems, IoT sensors, and digital guest experience platforms
Strategy18 min read

Automated Hotels: The Unit Economics Transformation Institutional Investors Are Missing

While traditional hospitality struggles with 35-45% labor costs, a new breed of tech-first "dark hotels" is rewriting the economics. KKR just deployed $370M into this thesis. We examine why institutional capital is flooding into automated hospitality and what the unit economics reveal.

8 January 2026Read Article
Abstract geometric visualization representing branded luxury residences and hospitality real estate investment in navy and gold
Strategy18 min read

The Case for Branded Residences: Psychology, Economics, and Deal Structure

With 910 schemes globally and a 19% annual growth rate, branded residences have become one of luxury real estate's most compelling asset classes. We examine the psychology driving buyers, the economics making developers rich, and the contract structures that determine success.

5 January 2026Read Article

All Articles

Abstract geometric visualization of global capital flows and emerging market allocation complexity with interconnected nodes in navy and gold
Strategy18 min read

Why Most LPs Fail at Emerging Market Allocation

The conventional wisdom on EM allocation is broken. Here is why most institutional investors underperform in emerging markets and what the successful minority does differently.

4 Jan 2026Read
Architectural blueprint concept representing strategic wealth structuring with interconnected trust frameworks spanning generations, rendered in deep navy and gold tones
Strategy22 min read

The Strategic Architecture of Wealth: When Estates and Trusts Create Asymmetric Value

Estates and trusts are not tax shelters. They are governance instruments that determine whether generational wealth compounds or dissipates. Here is the decision framework for when, where, and how to structure.

3 Jan 2026Read
Abstract visualization of first principles thinking for investment showing interconnected neural networks and decision trees with deep blue and gold accents
Strategy20 min read

First Principles Investing: The Cognitive Framework for Asymmetric Returns

The most successful investors don't start with spreadsheets, they start with understanding human nature. We explore the cognitive framework that transforms how you think about markets.

31 Dec 2025Read
Modern commercial real estate development in Lagos, Nigeria skyline at golden hour
Markets15 min read

The Case for West African Real Estate: Beyond the Headlines

While global investors fixate on developed market volatility, a compelling opportunity is quietly emerging in West African commercial real estate. We examine the fundamentals driving institutional interest.

15 Dec 2025Read
Professional institutional investors meeting in a high-end boardroom with city skyline views
Insights16 min read

Fundraising Lessons from Billion-Dollar Firms

After years of raising capital at the world's leading alternative asset managers, certain patterns emerge. Here are the lessons that matter most for emerging managers.

10 Dec 2025Read
Modern Dubai skyline at golden hour with luxury skyscrapers and Arabian Gulf waters
Strategy17 min read

Understanding Gulf Investors: A Guide for Western Managers

MENA capital is increasingly important for alternative asset managers. But accessing it requires understanding a fundamentally different investment culture.

5 Dec 2025Read
Sophisticated family office interior with panoramic city views and elegant wealth management setting
Strategy15 min read

Rethinking Alternative Allocations for Family Offices

The traditional 60/40 portfolio is dead. For family offices seeking to preserve and grow wealth across generations, alternatives deserve a much larger role.

1 Dec 2025Read
Abstract visualization of portfolio strategy and investment allocation
Research18 min read

Investment Implications: Portfolio Positioning for the Mercantilist Era

Modern mercantilism creates asymmetric opportunities for investors who understand the new rules. We synthesize our research into actionable portfolio positioning across asset classes, regions, and sectors.

17 Jan 2025Read
Abstract visualization of global trade realignment and bloc formation
Research16 min read

Trade Realignment & Bloc Formation: The New Geography of Commerce

Global trade is reorganizing along geopolitical lines. Friend-shoring, near-shoring, and bloc formation are replacing efficiency-maximizing global supply chains. We analyze how trade realignment creates investment opportunities.

16 Jan 2025Read
Abstract visualization of industrial policy and state capitalism in modern economics
Research17 min read

Industrial Subsidies & State Capitalism: The Return of Economic Planning

Market economies are embracing industrial policy at unprecedented scale. From the Inflation Reduction Act to EU carbon tariffs, governments are directly shaping economic outcomes. We analyze what the return of state capitalism means for investors.

15 Jan 2025Read
Abstract visualization of global financial system fragmentation and currency competition
Research16 min read

Financial Fragmentation: The Fracturing of the Global Monetary Order

The dollar-centric financial architecture built over eight decades is fragmenting. We analyze the rise of alternative payment systems, central bank gold accumulation, and what financial fragmentation means for global capital flows.

14 Jan 2025Read
Nigeria Corporate Tax 2025 Guide showing tax framework visualization
Insights20 min read

Nigeria Corporate Tax 2025: Complete Guide for Large Businesses

Comprehensive guide to Nigeria Tax Act 2025 for large businesses. Covers CIT rates, transfer pricing, development levy, withholding tax, and includes an interactive tax calculator to estimate your liability.

3 Jan 2025Read
Abstract visualization of global economic fragmentation and modern mercantilism with interconnected trade blocs
Research18 min read

Modern Mercantilism: The Investment Case for the New Economic World Order

Globalization is not retreating temporarily. It is being deliberately dismantled. We examine the structural forces driving modern mercantilism and what it means for investors navigating the next decade.

2 Jan 2025Read
Abstract visualization of technology sovereignty and AI chip competition between nations
Research14 min read

Technology and AI Sovereignty: The New Arms Race

State-mandated tech standards are fragmenting global platforms as governments orchestrate economic outcomes. We analyze the emerging regime of AI export controls, data sovereignty, and semiconductor nationalism.

2 Jan 2025Read
Abstract visualization of resource nationalism and critical minerals competition
Research15 min read

Resource Nationalism: When Commodities Become Weapons

Physical commodity control now prioritizes national power over global market efficiency. We analyze how critical minerals, energy resources, and agricultural commodities are being weaponized in the new era of resource nationalism.

2 Jan 2025Read
Strategic portfolio allocation visualization showing the evolution from 60/40 to sophisticated family office allocation
Strategy14 min read

The Sovereign Wealth Mindset: Why Family Offices Must Think Beyond 60/40

Family offices share a fundamental challenge with sovereign wealth funds: their primary wealth source creates concentrated exposure that traditional portfolio construction ignores. Here is how to build a truly diversified allocation strategy.

1 Jan 2025Read

Stay Informed

Receive our latest insights and analysis directly in your inbox.

No spam. Unsubscribe anytime.