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.
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.
Plus: Alphabet needs $80 billion to keep up in AI, Barry Diller wants to take MGM private, and a room full of billionaire heirs is paying to find meaning.
Plus: UBS still doing Credit Suisse-related job cuts, Americans fall behind on credit card bills, and Jefferies sued for a water bond fraud.
Plus: Anthropic surpasses OpenAI valuation, Microsoft's AI chief is giving white-collar work 18 months, and Goldman is heading for record dealmaking.
