We are pleased to share Thalēs Field Notes, a periodic publication designed to synthesize anonymized market feedback and recurring themes emerging from our ongoing dialogue with institutional investors and fund managers across the alternative investment landscape.
Drawing on 500+ conversations with family offices, asset managers, endowments, consultants, and investment managers during the second half of 2025, this edition highlights key topics being discussed around strategy, structure, and risk in today’s market environment.
Themes explored in the report include:
Grounded in real-world dialogue rather than theory, Field Notes is intended to provide context on how allocators and managers are thinking about the current market backdrop.
The full edition of Thalēs Field Notes | What We’re Hearing Across the Market (H2 2025) is available exclusively through Agora via gated access for accredited institutional investors.
👉 Click here to view the full report on Agora:
This communication is provided for informational purposes only and is intended solely for accredited institutional investors. It does not constitute an offer to sell or the solicitation of an offer to buy any security or other financial instrument, nor should it be construed as investment, legal, tax, or accounting advice.
The themes referenced above are drawn from anonymized conversations and are presented for educational and discussion purposes only. Nothing herein should be interpreted as a recommendation, endorsement, or prediction regarding any investment strategy or outcome.
Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. Readers should conduct their own independent analysis and consult their professional advisors before making any investment decision.
Access to the full report is provided through gated distribution and is intended only for accredited institutional investors.