Insights
Ideas. Markets.
Strategy.
Perspective.
SMAM Insights brings together our perspectives on global markets, strategic transformation, capital and the forces shaping businesses and investment.
From weekly market observations to strategic analysis and company news, we share the developments, ideas and structural trends that matter to entrepreneurs, investors and decision-makers.
Independent thinking for a complex world.
Selected Perspectives
Capital & Markets
A growing body of independent thinking, organised for precise and efficient research.
Capital & Markets
The New Liquidity Question: When Private Capital Must Prove Its Value
Private capital faces a growing challenge: translating portfolio valuations into realised investment returns. New ILPA guidance and Blackstone's latest results highlight why…
Capital & Markets
The Economics of Tokenisation Begin After Issuance
The European Central Bank is advancing the infrastructure supporting tokenised financial markets. With Pontes now operational and Appia progressing, SMAM examines how…
Capital & Markets
Why Private Capital Is Moving Upstream of the Spin-Off
A $2 billion investment into Flex’s Axiom business shows how corporate carve-outs are evolving from legal separation exercises into capital-formation events involving…
Capital & Markets
AI Infrastructure Is Becoming Sovereign Industrial Capacity
The AI race is moving beyond models and semiconductors. Japan’s latest infrastructure initiative shows why power, compute, capital and execution are converging…
Capital & Markets
Public-Market Readiness Is Becoming a Strategic Asset
Oura’s decision to postpone its IPO despite strong demand highlights an important distinction: accessing public markets and needing them are not the…
Capital & Markets
Private Credit Is Moving Closer to the Asset
Private credit is expanding from corporate loans into equipment, receivables and contractual cash flows. The strategic implication is significant: companies can increasingly…
Capital & Markets
Capital Is Not the Starting Point
Fundraising is not the first step. Investability is built upstream, through strategic clarity, financial visibility, governance, risk architecture and execution readiness.
From Perspective to Action
Perspective should
lead to action.
SMAM works alongside entrepreneurs, CEOs, shareholders and investors navigating strategic transformation, capital formation and international complexity.