Where private markets meet the next generation of access.

Private capital continues to flow into long-life infrastructure, from energy networks to ships on long-term charters, and the way these investments are managed is changing as well. Drawing on 2026 research from BCG, McKinsey, Deloitte, The Private Markets Forum, the HKMA and the FTAHK, this piece looks at how AI in capital markets is moving from individual tasks to agentic workflows, and how Hong Kong is shaping that shift.

Infrastructure is one of the fastest-growing asset classes in private-market fundraising, valued for essential services and steady, long-term income. Ships carry most of the world's trade and, when employed on long-term contracts, share those traits. This piece updates the case for shipping as part of the infrastructure asset class and what it means for private-market investors.

Two SEC cases in seven weeks involved funds sold on access to SpaceX and other pre-IPO names, and both Anthropic and OpenAI have said unapproved transfers of their shares may not be recognized. In each case, what decided the outcome for investors was not the company but the structure between the investor and the share.

Institutional counterparties ask us: you are an SFC-licensed firm operating under regulatory supervision. Why would you build on an open, permissionless network that anyone can join, rather than on a private network you control? It is a fair question and it deserves a full answer.

Within twenty-four hours in September, one financial capital paused its digital-asset rulebook and another published a five-year plan, and a Policy Address, that schedule the move of traditional finance onto digital rails. A first-hand read of what Hong Kong is building.
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AI agents are becoming the investment industry's next workforce. What most people miss is what that workforce needs to stand on; the firms that already built it are about to pull away.
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A new business unit for firms getting ready for the next era of private markets: a strategy, structuring, and infrastructure service for asset managers, funds, and family offices that want to build, launch, and run digital market infrastructure of their own. Anastasia Nizhegorodtceva joins EVIDENT as Director of Growth to lead its expansion.

Ben McQuhae, founder of Ben McQuhae & Co and former partner at Jones Day, joins EVIDENT as Chief Business Officer and Head of Transactions. Jessica Ha joins to lead EVIDENT Arc, a new advisory practice focused on digital market infrastructure and private markets.

SpaceX has begun trading on the Nasdaq under the ticker SPCX in the largest initial public offering in history. As pre-IPO investors in the company, EVIDENT and its clients mark the moment a private-market position becomes public-market liquidity - a direct expression of EVIDENT's purpose in opening institutional access to the world's most consequential private companies.

The world is about to spend on the order of $16 trillion a year building the future. The interesting question isn't what gets built — it's who finances it, and through what plumbing.

EVIDENT has launched a proprietary Model Context Protocol (MCP) infrastructure designed to structure and automate fragmented private market deal communication through AI-driven workflows. The system enables partners to post, query, and retrieve live deal data in real time through natural language interactions, creating a scalable infrastructure layer for private markets.

Nov 2024
The FUJI LNG carrier: the first tokenization of a maritime vessel, from structuring through secondary market to exit.

Aug 2023
From clay tablets to blockchain — how the fundamentals of ownership stayed constant while the machinery changed.

Mar 2023
Tokenizing China Certified Emission Reductions — transparency, secondary trading, and retirement certificates on-chain.

Feb 2023
GreenSeas and EVIDENT open maritime investment to a wider audience — the founding blueprint for tokenized ocean-going vessels.