Press

Quantum computing is shifting from research to commercial reality as governments and tech giants accelerate investment; With major economic potential across industries, the race is no longer about possibility, but who will lead the next computing revolution

As the tech-heavy S&P 500 and Nasdaq decline amid Trump’s trade war – investing in infrastructure may offer stability

Israel’s pension structure is considered among the world’s best – as reflected in the annual Mercer CFA Institute Global Pension Index, a top consulting body.

After many years in senior positions at Halman-Aldubi, the managing partners of Value Advanced Investments are leading Israel’s largest alternative investment house. In an interview with FUNDER, they shed fascinating new light on the alternative investment space,

Alternative investments offer high return potential, but require careful examination of risks and key parameters. These are the parameters that will help minimize investment risk, without compromising return potential.

The world of illiquid investments is gaining momentum globally and in Israel, but while these investments account for up to 40% of institutional portfolios worldwide, in Israel they represent only 14.8% of total assets under management. The share of debt investments grew to 18% of the sector by end of 2024, while the venture capital share continues to slide.

Rami Dror, founder and CEO of Value Advanced Investments, in conversation with Dan Katchanovsky, CEO and owner of Scala Group and the Real Estate Center, on the “Investment Train” podcast – discussing the world of private equity, debt and infrastructure funds, and the path to making them accessible to the qualified Israeli investor.

The thesis that an optimal investment mix consists of a combination of stocks and bonds has shifted in recent years. In parallel, an unprecedented surge in the alternative investment industry has reshaped the standard structure of institutional portfolios – and is now filtering through to the asset mix of qualified investors as well, says Noam Bracha, Managing Partner at Value Advanced Investments.

Darren Friedman, a partner at alternative investment firm StepStone – traded at a valuation of $7.3 billion – focuses his investment portfolio on technology, healthcare, and infrastructure in the U.S. He is concerned about Europe: “It’s remarkable that countries like Greece, Italy, and Spain now look like the bright spot on the continent.”

Inbar Steiner, partner and manager at Value Global, and Ranana Ashkenazi, general partner at Grove Ventures, address the boom in secondary transactions in Israel and globally as an alternative to delayed IPOs and acquisitions. They explain how secondary enables investment in mature-stage companies at a discounted price, and describe a second-hand market of over $500 billion created by the liquidity needs of pension funds and insurance companies. The two discuss the expansion of secondary from private equity into debt, infrastructure and real estate, and the emerging trend of early-stage secondary.

Many borrowers in the U.S. who took out mortgages when interest rates were near zero will soon need to repay or refinance their loans – only this time they will face an entirely different financing environment: interest rates have risen sharply in recent years, and banks are already unable to meet demand. Private debt funds are facing a wave of loan requests that is expected to fundamentally reshape the global debt landscape.