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We raised a $27M Series A to replace the spreadsheets and human duct tape behind $100 trillion in global assets. Fund administration is the invisible backbone of private equity and venture capital - and it’s broken. Why? Financial data is scattered, stale, and locked inside legacy providers. Books take...

1,433,996 次观看 • 4 个月前 •via X (Twitter)

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We Have Had a Negative-Return-on-Investment Economy for 30 Years "Lunacy Threatens 401(k) and Index Fund Regulation with Tiffany Cianci" Tiffany Cianci The digital control grid has an unending appetite for your capital. Building the systems that enable surveillance, biometric digital IDs, and programmable money—and the data centers and AI that hold and process the data needed to make these systems go—takes trillions of dollars. Every time we turn around, there is another attempt to siphon off our savings, not only to finance the control grid’s build-out but to help buy up and consolidate ownership and control of our businesses. In short, Mr. Global is pursuing his goals with our money—our tax dollars, our federal credit, and our retirement savings. Returning guest Tiffany Cianci (Tiffany Cianci) has a passion for tracking the manipulation of our savings. She has been a leader in warning the public about the shenanigans of the private equity industry, as described in our prior interviews about private equity and private credit. Now she is sounding the alarm about the efforts—well underway—to compromise the governance of our 401(k)s in a manner that could lead to inappropriate access by alternative investments, including crypto, private equity, and hedge funds. If you or your loved ones have retirement savings, you will not want to miss this conversation, as Tiffany and I discuss what is happening with 401(k)s and consider some of the other meltdowns in our financial regulation and standards. Full Report: Subscribe to

The Solari Report | Catherine Austin Fitts

15,192 次观看 • 1 个月前

Every Wall Street giant that owns an AI data center is suddenly looking for a buyer. And NONE of them want to be the last one holding it. Three of them made their move in the last two weeks: Vantage Data Centers is exploring an exit. Its owners, Silver Lake and DigitalBridge, are weighing a listing at around $100 billion, or a sale, or a stake sale. It would be the largest data center IPO ever done. Three days earlier, CyrusOne started the same process. KKR and Global Infrastructure Partners met Goldman Sachs and Morgan Stanley, and the banks pitched for roles on a listing that could come as early as 2027. Last month, Switch hired Goldman and JPMorgan to take it public at close to $80 billion including debt, possibly by the fourth quarter. Three different companies moved inside the same 14 days, and the same handful of investment banks took every call. And these are the exact same firms that BOUGHT these companies off the public market four years ago. Between June 2021 and early 2022, private equity took the data center industry private. Blackstone bought QTS. KKR and Global Infrastructure Partners took CyrusOne private in a deal worth about $15 billion. DigitalBridge and IFM took Switch private for about $11 billion. Together those deals ran past $35 billion. By 2023 there were only two pure-play data center companies left on the public market. The logic at the time was that data centers burn cash for years before they pay, and public shareholders hate that. But private money was patient, and private money could wait. Four years later, the AI boom arrived and every one of those buildings became a gold mine. So follow this: Switch went private at about $11 billion in 2022. Its owners now want close to $80 billion for it. That is roughly 7x, in four years, on the same buildings. And DigitalBridge sits on both sides of this. It owns a piece of Vantage and it took Switch private. It is now looking for the door on BOTH. The question now is who is supposed to buy. There is no bigger private buyer left to sell to. These are already the largest infrastructure funds on Earth, and the price tags now run to $100 billion. The only pocket deep enough is the public market, which means anyone with a brokerage account or an index fund. The people who bought low from the public are now organizing to sell high back to the public. And they are doing it while telling everyone the buildout is just getting started. KKR raised a record $19.2 billion for its newest infrastructure fund this month, and in June launched a separate company with over $10 billion committed to finance more construction. So one hand raises fresh billions to build more data centers, and the other hand sells the finished ones to whoever will take them. None of this proves anyone thinks the boom is ending. Selling into strength is what these firms are paid to do, and every one of these deals is early stage and might never happen. But the timing tells you something: The most sophisticated infrastructure investors alive spent four years accumulating these assets in private, and all decided in the same two weeks that now is the moment to find someone else to own them. Four years ago these firms decided the public market was too impatient to own data centers. Now they want the public market to own them again, at 7x the price. Quite suspicious.

Ricardo

65,623 次观看 • 1 天前

We REFUSE to be a generation of renters. We refuse to accept a future where billionaire private equity firms like Blackstone come into our communities, buy up entire neighborhoods, take homes off the market, and put them back up for rent. That is not the American dream. It’s not the American dream to let companies, backed with overseas capital from China and using tax cheats, buy homes out from under us and turn America into a nation of renters. The American dream is impossible unless you own the dirt under your feet—unless you own a piece of the community you help build. Yet when Blackstone comes in, they won’t sell to you; they’ll only rent to you. When my parents bought their first home in 1996, there were two other families bidding. They bought that home for $104,000. They weren’t bidding against private equity firms with balance sheets in the hundreds of billions that can outbid every single one of us. It’s already hard enough to get a mortgage with today’s interest rates (cc: Jerome Powell) And when you finally do—after saving, working, and doing everything right—a private equity firm swoops in and prices you out of the home you earned. That is unacceptable. Thanks to the Tenth Amendment and our federalist system, the power to fix this lies with our state governments. Here in Florida and across the country, governors must act—must make it illegal for giant private equity firms like Blackstone to buy up our neighborhoods and turn us into a generation of renters. We refuse to accept that fate. We refuse to become serfs in our own country. We will fight back.

James Fishback

48,534 次观看 • 10 个月前

Something big just happened at BlackRock, and it’s a warning shot to everyone invested in private credit. The world’s largest asset manager just told clients: No, you can’t withdraw all the money you asked for. And for some, it was: no, you can’t withdraw your money at all. Not because the fund collapsed, but because too many investors wanted out at once. BlackRock’s $26 billion HPS Corporate Lending Fund was hit with $1.2 billion in redemption requests this quarter. That’s about 9.3% of the entire fund. But the structure only allows 5% to leave at once. So BlackRock paid out $620 million… and pushed the rest to future quarters. For the first time since the fund launched, the redemption gate was triggered, meaning nearly half the investors who asked for their money back couldn’t get it right away. And it’s not just BlackRock. Blackstone just saw a surge of withdrawals in its $82 billion private credit fund. Requests were so high the firm had to lift its usual redemption cap to 7% and inject $400 million of its own money just to meet demand. These funds lend money to companies through private loans, loans that don’t trade on exchanges and can’t be sold quickly when markets get volatile. So when investors rush to withdraw at the same time, the cash simply isn’t there. That means if you’re invested in private credit and everyone heads for the exits, the money you were counting on in your time of need might suddenly be locked up. Morningstar analyst Greggory Warren warned it should serve as “a warning sign for the industry and the rulemakers about the downside of illiquid funds for retail investors.” But here’s the good news: you’re an informed reader and you can plan ahead while everyone sleepwalks until the liquidity crisis affects them directly. That means there is still time to prepare and make moves accordingly so that you always have access to capital. And one of the most liquid and reliable assets in any crisis is physical gold and silver. Bill Armour from joins us to discuss how our readers can prepare before the next liquidity crisis locks investors out of their own money. 🧵

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125,874 次观看 • 5 个月前