PE GPs are sitting on $1 trillion

Hello and welcome to Alts Cafe

Highlights from the full issue:

  • Macro: ​US inflation rate was 3.3% leading up to May 2024
  • Real Estate: Flyhomes acquired ​ZeroDown’s technology
  • Startups: French AI startup Mistral AI ​raised €595 million
  • Private Credit: PE firms ​amassed $1 trillion​ in ‘carry’ fees
  • Crypto: Robinhood announced plans to buy Bitstamp
  • NFTs: ​NFT sales decreased​ by more than 6%
  • Art: A Georgia O’Keeffe sold for ​$13.5 million​
  • Vintage Autos: A Lamborghini ​broke online auction records​
  • Coins: ​A hiker found​ 2,150 medieval silver coins in Prague
  • Farmland: Southeast farmland values ​grew 20%​ since 2021
  • Luxury: Porsche is the ​world’s most valuable​ luxury brand
  • Wine, Tequila, and Spirits: UK spirits market ​declined by 5%
  • Film & Music: “Swiftonomics” has made Taylor ​over $1 billion
  • Precious Metals: Gold price hit a new record high in late May
  • Collectibles: Rick Ross is auctioning off 800 of his collectibles
  • Websites: Over 350,000 .ae domains were ​registered by 2024​

Let’s go.

Wyatt

Macro View

Bullish News

Bearish News

What are the odds?

Kashi is showing a near certainty that the US will get a rate cut by November.

Get $25 to play around with using this link.

What are we doing?

​Altea​ Highlights

Check out the ​full roundup​.

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

Who’s not moving to Austin these days?

Startups

Bullish News

Bearish News

How to invest in startups right now:

France and Italy are having their moment.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

PE continues to make its way out of the medical field.

Crypto

Bullish News

Bearish News

How to invest in Crypto right now:

Musk doesn’t seem to be much of a “collaborator”.

NFTs

Bullish News

Bearish News

How to invest in NFTs right now:

Who’s excited to mint the slerf?

Artwork

Bullish News

Bearish News

How to invest in Artwork right now:

A $200 exploding pot sounds like a deal to me.

Vintage Autos

Bullish News

Bearish News

How to invest in Vintage Autos right now:

Pro tip: If you smell leaking fuel, you may be leaking fuel.

Rare Coins

Bullish News

  • Construction workers in Germany unearthed a hoard of bullion likely belonging to one of Wettin’s richest 17th-century citizens.
  • The Trevor Wilkin Collection of Siege Notes fetched a hammer price of £96,455 at the Noonan Mayfair auction.
  • ​A hiker discovered​ a hoard of over 2,150 medieval silver coins minted in Prague.
  • An important Islamic gold coin from the 1st century of the Hijra, ​sold for £168,000​ at Morton & Eden’s June 12 auction.
  • A 1794 Liberty Cap cent stolen by Dr. William H. Sheldon from the ANS was ​sold for $10,200​ at Heritage Auctions.
  • ​The US Mint​ will debut the 2024 Proof Morgan and Peace silver dollars from Sept. 11-14, 2024.

Bearish News

  • A TikTok coin collector warned that a common 2020 Brexit 50p coin listed for £25,000 online is ​likely a scam​.
  • The creator of Queen Elizabeth II”s portrait adorned with Canadian coins ​sued a Vancouver dealer​ for alleged theft and damage to her works.

How to invest in Rare Coins right now:

Trip to Prague, anyone?

Farmland

Bullish News

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Author

Picture of Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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