There seems to be little doubt that the prevailing perception among investors is that (generative) AI has the capacity to jumpstart the global economy. This belief will have been reinforced by Nvidia delivering a third-straight sales forecast that vastly surpassed Wall Street estimates in late August.

Growth Equity investments are emerging as an alternative to traditional IPOs, offering companies more flexibility, longer growth horizons, and attracting investors with its value creation and lower risk profile.

As anybody who follows public equity markets will know, investors have exhibited an insatiable appetite for technology stocks so far in 2023 – it is not that equities per se have proved popular; it is more the case that a handful of stocks have dragged broader indexes higher.