Jan 16, 2026

Email1 Summary:

David Gross has become sole managing partner of Bain Capital, overseeing $215B in assets. Bain is developing AI tools to guide investment decisions, aiming for a working model by mid-2026. Deal activity improved in late 2025, with expectations for continued growth but concerns about economic bifurcation and inflation. Bain remains invested in China and expanding in the Middle East. An IPO is unlikely as Bain favors long-term ownership by partners over public market demands. Additionally, Mission Produce plans to acquire Calavo Growers, consolidating North America’s avocado industry. Venture capital, private equity, IPOs, and acquisitions are active topics with notable deals in startups and healthcare. Bark, known for BarkBox, considers going private amid competing bids.

Email2 Summary:

Investment experts warn of a “risky trinity” combining AI, bitcoin, and private credit risks converging and potentially causing market corrections. Many bitcoin miners now use AI data centers funded by private credit loans, creating interdependence. Leuthold Group cut exposure to tech and communications, favoring financials and healthcare sectors as safer diversifiers. Big banks like JPMorgan and Morgan Stanley benefit from fiscal and monetary policies and a steepening yield curve. Healthcare overweight focuses on biotech and pharmaceuticals. Precious metals, especially gold, remain a favored long-term position. Investors are advised to be cautious of interconnected risks impacting multiple asset classes.

Email3 Summary:

The concept of “narrow banks” involves taking deposits and holding them entirely in short-term Treasury bills, offering customers higher interest rates and greater safety but limited services. Regulatory hurdles and banking system stability concerns limit adoption of narrow banks in the US, though government money market funds and stablecoins partially operate similarly. Stablecoins face regulatory restrictions on interest payments, but workarounds effectively provide yields, sparking lobbying battles with banks. The rise of covenant-lite private credit loans mirrors bond market structures, reducing protections against borrower defaults. Public companies investing heavily in AI data centers face lawsuits alleging securities fraud related to undisclosed debt increases. BitMine shifted from crypto mining to amassing a large Ethereum treasury and recently invested in MrBeast’s creator company to promote digital platforms.

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