📶 LPs aren't getting liquid

PE returns keep trending down, the biggest updates coming out of Apple's WWDC, the latest on Elon Musk's pay package, and Collaborative Fund snags $125m to tackle climate

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Apple’s WWDC was yesterday, and the biggest news from the event is that Apple will be rolling out AI to Apple products.

We’ll share more on that plus a breakdown on PE returns for LPs, the latest on Elon Musk’s pay package, and Collaborative Fund closes its latest fund focused on climate.

Let’s get right into it.


PE returns to LPs keep trending down 📉

  • PE managers’ returns to LPs still in decline (Pitchbook)

  • Apple Intelligence: every new AI feature coming to the iPhone and Mac (The Verge)

  • Nexus Laboratories raises $25 million from Pantera and Lightspeed to expand ‘zero-knowledge’ privacy tools (Fortune)

  • Norway’s Sovereign Wealth Fund Votes against Tesla’s Musk Pay Package (The Information)

  • US tech sector pressures Chinese venture capital to divest (FT)

  • A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south (Fortune)

  • Stake raises $14M to bring its fractional property investment platform to Saudi Arabia, Abu Dhabi (TechCrunch)

  • After hits like Reddit and Scopley, Collaborative Fund easily raised a $125M fund to tackle climate, health and food


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Here are the results from our poll question in yesterday’s piece:

Would you buy Nvidia stock today?

🟩🟩🟩🟩🟩🟩 Not a chance - WAY too expensive (17)

🟨🟨🟨🟨🟨⬜️ Yes - it's still undervalued (16)

33 Votes


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