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THE FORTUNE LETTER
Free Weekly Newsletter
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ABOUT ALTERNATIVE ASSETS
- Weekly Deep Dives
- 10 Asset Classes
WHAT’S INSIDE
SEVEN SECTIONS. ONE COMPLETE
BRIEFING.
Every issue of The Fortune Letter is structured to give you a full picture of the alternative investment landscape in a single sitting. Here’s what you’ll find each Tuesday.
From the Editor 01
A personal note setting up the week's theme — what's happening in the world of alternatives, why it matters, and what to watch for. Think of it as a conversation with a well-connected friend.
Alt Markets Dashboard 02
A quick-scan table tracking 10 alternative asset indices — from the Cliffwater Direct Lending Index to Bitcoin. Know what's moving across every asset class at a glance.
The Deep Dive 03
The centrepiece. One alternative asset class or strategy, thoroughly researched and broken down. You'll get the 60-second summary, the full analysis, and a link to the complete deep dive on our site.
What We're Watching 04
3–4 curated news stories from the alternative investment world, each with a summary explaining what happened and why it matters to you.
The Number 05
One striking data point, presented with context. The kind of statistic you'll quote at dinner. Designed to be screenshotted and shared.
Deal Flow 06
Notable deals, fundraises, and fund launches from the past week. Who's raising money, who's deploying it, and where capital is flowing.
From the Vault 07
Hand-picked links to our best deep dives and pillar guides, contextually matched to the week's theme. Your gateway to going deeper on our site.
Sample Issue
HERE'S WHAT A TYPICAL ISSUE
LOOKS LIKE
Issue #52 — March 2026. This is a real issue, not a mockup.
02
/ ALT MARKETS DASHBOARD
| ASSET | INDEX | LATEST | NOTE |
|---|---|---|---|
| Private Credit | CDLI | +2.5% | Income: 9.94% ann. |
| Private Equity | CA US PE | +3.9% | vs. +2.1% H2 2024 |
| Venture Capital | CA US VC | +6.4% | vs. -1.8% H2 2024 |
| Real Estate | NCREIF NPI | +1.14% | Income: 1.15% |
| Hedge Funds | HFRI Comp. | +1.8% | YTD: +1.8% |
| Commodities | S&P GSCI | 4,836 | +2.1% WoW |
| Collectibles | KFLII | +16% | Watches +10% |
| Digital Assets | Bitcoin | $84,200 | -4.3% WoW |
| Infrastructure | MSCI Priv. | +3.2% | 12m: +9.8% |
| Farmland | NCREIF Farm | +1.8% | 12m: +5.2% |
04
/ WHAT WE’RE WATCHING
Blackstone’s $54 Billion AirTrunk Acquisition Closes — Making It the World’s Largest Data Centre Owner
The deal gives Blackstone a dominant position across Asia-Pacific, with operational capacity in Australia, Japan, Singapore, Malaysia, and Hong Kong. Combined with QTS, Blackstone now controls more data centre capacity than any other private investor on earth.
SEC proposes new disclosure rules for private fund advisors
If adopted, the rules would require quarterly performance statements and annual audits — significantly increasing transparency for smaller investors who currently have less visibility than institutional LPs.
Nuveen launches first open-end farmland fund for accredited investors at $50K minimum
Targeting US row crop and permanent crop farmland, this is one of the first institutional-quality farmland vehicles accessible below $250K. A sign that the democratisation of alternatives continues to accelerate.
Combined hyperscaler capex exceeds $300 billion in 2025 — up 40% year-on-year
Amazon, Microsoft, Google, and Meta collectively spent more on data centre infrastructure in 2025 than the GDP of Finland. Amazon alone has committed over $100 billion in AI-focused data centres through 2028.
05
/ THE NUMBER
The total size of the global private credit market as of Q4 2025 — up from $875 billion in 2020. Private credit has quadrupled in five years, making it the fastest-growing segment of alternative investments.
06
/ DEAL FLOW
01
INFRASTRUCTURE
02
DIGITAL ASSETS
03
PRIVATE CREDIT
04
INFRASTRUCTURE
05
PRIVATE CREDIT
WHAT READERS SAY
“The Alt Markets Dashboard alone is worth subscribing for. I check it every Tuesday before my morning meetings.”
MARCUS T.
“Finally, someone explaining alternatives without the jargon or the sales pitch. This is what my wealth manager should be sending me.”
CATHERINE L.
“I inherited a portfolio I didn’t understand. The Fortune Letter has been my education. The deep dives are genuinely excellent.”
JAMES R.
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