May 31, 2025

Today, I learned about a new book that delves into Russia’s engagement with Southeast Asia and its implications for the Kremlin’s pivot to Asia under Vladimir Putin. The book explores historical legacies, global power attributes, and future relations with Southeast Asia, covering various areas like nuclear power collaboration and Arctic contestation.

Financial expert Jim Paulsen has identified five key market supports that could benefit stocks in the coming months, including factors like the Fed funds rate, CPI inflation rate, and U.S. consumer confidence. Despite concerns about inflation, Paulsen expects these supports to offer more benefits to the market in the near future, leading to significant gains historically for the S&P 500.

Renowned internet analyst turned venture capitalist Mary Meeker has released a report on the AI revolution, highlighting the rapid user growth of ChatGPT and the changing dynamics of global tech and distribution. She discusses the intense competition in the AI space, the U.S.-China tech race, and the importance of attracting top talent for tech companies to succeed. Additionally, the U.K. government’s plan to mandate pension funds to invest in private markets and domestic companies has sparked controversy among pension managers.

There seems to be a significant misalignment between leaders and employees when it comes to team goals, with a declining percentage of leaders and employees feeling aligned with company objectives. Private equity deals have seen notable acquisitions, with Amplix acquiring The Hastings Group and potential acquisitions by CVC Capital Partners and Tabreed in the district cooling business. On the public offering front, Pinkfong has applied for an IPO, and Pioneer Acquisition I has filed for a $220 million IPO.

In terms of M&A, significant developments include early interest in Eletrobras’ nuclear unit from Chinese state-owned firms and the acquisition of LIM College in New York by Japan Educational Foundation. Wells Fargo has agreed to sell its rail equipment leasing unit, and Zeo Energy is set to acquire Heliogen for $10 million in stock. In fundraising news, Cancer Focus Fund is seeking to raise $250 million for its second fund, while Earth Foundry has reduced its target to $50 million. L Catterton has raised around $11 billion in new fund commitments, and Terminus Capital Partners has raised $250 million for its debut fund, with David Wyles joining Perella Weinberg Partners in London.

Stay Well!