Issue - October 2025 This piece was originally published in our Axis Capital Markets newsletter . To get future issues straight to your inbox, sign up here: axiscapitalmarkets.beehiiv.com 🔷Liquidity by Design: How Secondaries Are impacting Private Credit  Private credit secondaries have shifted from being a niche solution to a core component of the market’s architecture. What was once viewed as opportunistic has become integral to the way private credit capital is recycled,

Source: figure.ai A New Phase of AI Investment The evolution of Figure.ai  illustrates a notable shift in how capital is being deployed across artificial intelligence and automation. The company has raised over $1.8 billion at a $39 billion valuation, positioning itself as one of the early leaders in humanoid robotics. Founded in 2022 by Brett Adcock, Figure.ai draws on engineering talent from Tesla, Boston Dynamics, DeepMind, and NASA—combining embodied AI with scalable man

As investors search for alternative assets with staying power, music royalties are quickly gaining traction—and for good reason. They offer a rare combination of recurring income, low correlation to traditional markets, and cultural relevance.  According to SongVest , music royalties are gaining popularity as an alternative investment—and for good reason. They offer a unique mix of steady income, diversification, and cultural value that few other assets can match. Here’s why

Image by Unsplash At   Axis Group Ventures , we specialize in strategic debt placements across venture growth, the lower middle market,...

Source: www.anduril.com From Silicon Valley to the Tactical Edge Anduril Industries is a U.S.-based defense technology company building AI-powered systems for national security. Founded in 2017 by Palmer Luckey (Oculus VR), along with former Palantir and Founders Fund leadership, Anduril is redefining defense contracting by acting as a vertically integrated product company — building, funding, and fielding technology before  the government asks for it. Software-Defined Warfar

Enterprise-Grade AQ Is Here SandboxAQ represents a new strategic arc in deep tech: the convergence of AI and quantum technologies (AQ) to solve industrial-scale problems across cybersecurity, navigation, life sciences, and critical infrastructure. Spun out of Alphabet in 2022 and led by Jack Hidary (CEO) with Eric Schmidt as Chairman, the company applies quantum sensing and physics-based modeling to enterprise use cases, delivering commercial solutions rather than R&D prototy

Source: www.impulsespace.com In-Space Mobility as Infrastructure Impulse Space, founded in 2021 by Tom Mueller (founding SpaceX engineer behind the Merlin and Draco engines), is building the transportation layer for space — enabling precise, efficient payload movement across orbital environments. The company focuses on in-space logistics, addressing the critical gap between launch and final orbit. Impulse offers last-mile delivery for satellites, satellite hosting, and flexib

Source: www.groq.com Accelerating the Edge of AI Groq is a semiconductor company building the next generation of AI-specific compute infrastructure — not for training, but for real-time inference at scale. At the heart of its offering is the LPU™ Inference Engine, a proprietary chip architecture optimized for low-latency, deterministic execution across generative AI and large language model (LLM) workloads. Founded by Jonathan Ross, the inventor of Google's TPU, Groq is purpo

A version of this was recently posted on our LinkedIn channels. Manulife Investment Management (Manulife IM) recently announced its...

There’s been an uptick in secondary market activity after a slowdown observed in 2022 and early 2023, Crunchbase  reports. In the last...

General Intelligence with a Mission xAI, founded by Elon Musk, is an AI research company with an explicit goal: to understand the true nature of the universe . The team includes veterans from DeepMind, OpenAI, Google Research, Microsoft, and Tesla, with contributions to foundational techniques like Adam, Transformer-XL, LayerNorm, and models such as GPT-3.5, GPT-4, and AlphaStar. The company’s thesis is grounded in a belief that artificial intelligence should advance science

As we step into the heart of March, the financial landscape is pulsating with energy and possibilities, particularly within the dynamic...

September 23, 2023 Secondary Investment Funds - The Latest Secondary Investment Market Commentary The Nasdaq market site is in Times Square, New York City. Surging interest rates and last year’s weak public equity market performance have made institutions think twice before taking on more private holdings © Reuters When you think of the Private Secondary Market today, what words, thoughts, or things come to mind? Opaque. Illiquid. The desire for liquidity. Lack of clarity

Source: Shutterstock Safety-First AGI as a Capital Strategy Anthropic represents a different frontier in artificial intelligence: not embodied, but aligned . Founded in 2021 by ex-OpenAI executives Dario and Daniela Amodei, the company has raised $3.3 billion  to date and is positioning itself as a global leader in safe, steerable, and scalable language models . Claude, its flagship assistant, is designed with Constitutional AI —a unique framework that allows the model to gov