Archive - Testing the Thesis

European Venture Capital: Where are the Institutional Investors?

Considering that I have spent most of the last decade and a half talking to and advising institutional investors on their private markets allocations, I…

Oct 8 • Samuel Duncombe

September 2026

Will junior investment professionals be automated away by AI?

Change is here, but it may be gradual and is unlikely to be one-sided

Sep 29 • Samuel Duncombe

Do all problems lead back to 2021?

While Buyout funds show strain, direct lenders benefit from offsetting mechanics

Sep 22 • Samuel Duncombe

Private Debt: What Do We Know?

If, like me, you spend most of your time working in the investment industry, you will hear many different opinions on private credit: On the risks

Sep 17 • Samuel Duncombe

Does performance persist in PE?

A new paper sheds some welcome light on the topic.

Sep 17 • Samuel Duncombe

At USD 15.3 trillion, Blackrock puts private markets into perspective

Despite its rapid growth over the last decade, private equity remains smaller by AuM than Blackrock.

Sep 17 • Samuel Duncombe

Did an era of cheap debt make PE managers lazy?

A new study published in the Journal of Corporate Finance suggests not.

Sep 17 • Samuel Duncombe

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