Gresham Quarterly Investment Update Video – Q3 2026

Artificial intelligence is shaping investment opportunities across public and private markets. In Gresham Partners' Q3 Investment Video, our investment team examines how earnings growth, AI infrastructure demand, and venture capital funding are influencing valuations and portfolio decisions.

What is driving public market valuations?

Valuation multiples can decline even as stock prices rise if earnings grow faster than share prices. Our team discusses this relationship alongside the increasing influence of AI on market performance and concentration within major indexes. While demand for AI infrastructure remains substantial, constraints on power, land and data center development could affect the pace of spending and future profitability.

How is Gresham approaching venture capital?

AI adoption is creating opportunities, but questions remain about customer retention, revenue durability, and private company valuations. With capital calls exceeding earlier expectations, Gresham is approaching new venture commitments selectively to maintain intended portfolio allocations. Our team remains constructive on existing investments while considering how commitments made today will affect exposure over several years.

Where could AI create private equity opportunities?

Established businesses may benefit from adopting AI to improve efficiency, strengthen sales processes and support growth. Our team discusses opportunities in selected industrial, essential services and healthcare businesses, where AI could enhance operations, while also evaluating potential disruption.

Across these developments, Gresham's focus remains on business fundamentals, thoughtful asset allocation and long-term portfolio balance.

Watch the full Q3 Investment Video below: