CAIS Alternative Investment Summit

Wealth advisers and asset managers attended the fifth annual CAIS Alternative Investment Summit in Beverly Hills.

Private Equity Assets Growth

U.S. private funds reached $29.6 trillion in gross assets in Q4 2025, up 18% from 2024.

Private Equity Myths Debunked

Alisa Wood, partner at Kohlberg Kravis Roberts, listed four private equity myths: dead performance, no exits, capital impossibility, and public markets as end all.

“One, performance in private equity is dead. Two, there are no exits. Three, it’s impossible for capital to work. And four, the public markets are the end all be all, and you actually don’t need privates in your asset allocation anymore.”

Private Equity Manager Risks

The 32,000 private equity-backed companies without exits face a 'pig in a pipe' risk profile.

“The pipe, for the most part, being the bottom arm of the k-shaped manager space that has seen elite, large-scale players thrive as smaller or middle-market funds face growing strain.”

AI Software Sector Concerns

Software-as-a-service companies faced AI disruption but are rebounding with pricing model pivots.

AI Infrastructure Investment

Blue Owl Capital formed a $27 billion joint venture with Meta for Hyperion AI data center in Louisiana.

Data Center Risk Management

Blue Owl focuses on high-quality tenants, long-term leases, and tier 1 or 2 markets for data centers.

“Digital infrastructure becomes very compelling because of what’s not changing.”