The Quiet Run Eight Funds. Four Sponsors. One Pattern. I. EXECUTIVE SUMMARY On March 3, 2026, Blackstone Private Credit Fund — the largest non-traded private credit vehicle in the world, with $82B in assets under management — reported its first-ever net outflows — more money redeemed than raised. $3.7 billion walked out the door. $2 billion walked in. The difference — $1.7 billion — represents something that has never happened before in the fund’s history. ...
Paper, Silicon, and Crude How the Iran Conflict Connects to the AI Supply Chain I. EXECUTIVE SUMMARY On March 1, 2026, the United States and Israel launched a full-spectrum military campaign against Iran — airstrikes on nuclear facilities, missile production sites, and naval assets, concurrent with the confirmed killing of Supreme Leader Khamenei and approximately 40 senior officials. This is not a Soleimani-style targeted strike. It is a stated regime change operation, building on the June 2025 nuclear facility strikes and weeks of visible military buildup. ...