As private credit moves from quiet compounding to front-page scrutiny, investors face two converging forces: liquidity concerns and AI-driven disruption. This piece examines how underwriting assumptions, collateral structure, and exposure to recurring software revenue may evolve in a rapidly changing economy — and why asset-backed infrastructure may prove more durable in the age of AI.

Galvanize Real Estate Fund I has closed with $370 million in commitments from a globally diverse set of institutional investors, advancing its strategy of driving net operating income growth through energy efficiency, on-site renewables, electrification, and resilience measures in commercial buildings.

A look at what utility leaders are planning for as electricity demand accelerates.