Articles & analyses
Perspectives from the desk
Analyses, market notes and press updates published by CGPH Banque d’affaires.
Tokenisation Goes Mainstream: How BNP Paribas and Nasdaq Just Accelerated the Future of Financial Markets
BNP Paribas and Nasdaq accelerate mainstream tokenisation, signaling a major shift in financial markets. Explore what these milestones mean for investors and issuers.
Alberto ChiesaRead
Trade Fragmentation Without Recession: How Protectionism Is Reshaping Private Capital Allocation in 2026
Trade fragmentation is becoming a structural force in the global economy, even without a recession. As tariffs, industrial policy, and strategic realignment reshape supply chains, private capital is adapting to a world defined less by efficiency and more by resilience. CGPH Banque d’affaires explores how private equity, private credit, infrastructure, and real assets are being repositioned in response to a more protectionist global environment.
Alessandro MontefioriRead
CGPH Banque d’Affaires Welcomes Matteo Pedrali to Corporate Advisory Team
We are pleased to welcome Matteo Pedrali to CGPH Banque d’Affaires as part of our Corporate Advisory team.
CGPH Banque d’affairesRead
Deal Certainty vs. Deal Completion: Why Time Is the Hidden Risk in M&A Transactions
Why advanced M&A deals fail: execution risk, timing misalignment, and the strategic role of time in deal completion, illustrated by the OVS–Kasanova case.
Lorenzo De SarioRead
Key Takeaways Private Equity 2025: Liquidity Recovery or Structural Exit Repricing?
Private Equity 2025: Exit markets are reopening, but structural repricing, extended holding periods, and GP‑led secondaries are reshaping liquidity and valuations.
Lorenzo De SarioRead
How the USA–Iran War Is Reshaping Inflation, Interest Rates, and Global Market Sectors in 2026
The USA–Iran war is driving oil shocks, inflation risk, and higher-for-longer rates. Explore impacts on global markets, sectors, SMEs, and investor positioning.
Alberto ChiesaRead
CGPH Banque d’Affaires Welcomes New Talents to Strengthen Investor Relations and Corporate Advisory Capabilities
CGPH Banque d’Affaires is pleased to announce the addition of two new team members, Isabella Perin and Alberto Chiesa, reinforcing the firm’s commitment to excellence in investor relations, corporate advisory and alternative investment strategies.
CGPH Banque d’affairesRead
Federal Reserve Policy Outlook 2026: Rates, Neutral Rate & Market Impacts
The Federal Reserve Policy Outlook 2026 suggests interest rates will stay higher for longer due to structural pressures and a new leadership approach. With a higher neutral rate, private markets face tighter financial conditions. CGPH Banque d’affaires reviews implications for credit, private equity, and real assets.
Alessandro MontefioriRead
Digital assetsBitcoin’s Reality Check: Why the Crash Reinforces—Not Reverses—Its Long‑Term Value
Bitcoin is down nearly 50% from its 2025 peak — and yet, the long‑term thesis hasn’t changed. If anything, this correction is the reminder investors needed about position sizing, risk discipline, and why Bitcoin belongs in a satellite, not core, allocation.
Alberto ChiesaRead
Private Credit Market Outlook 2026: Peak Opportunity or Peak Risk?
The private credit market has become a core institutional allocation, but 2026 brings spread compression, rising refinancing pressures, and intensified competition that are reshaping risk‑return dynamics. CGPH Banque d’affaires assesses whether current yields compensate for late‑cycle exposure and highlights the growing importance of manager selection, underwriting discipline, and sector‑focused credit expertise.
Alessandro MontefioriRead
AI Monetization Is Becoming the Central Question After Davos
Discussions at the World Economic Forum in Davos highlighted a widening gap between AI adoption and AI monetization. While artificial intelligence is being deployed at scale, sustainable earnings remain concentrated among infrastructure providers and large platforms with capital depth and distribution control. The analysis shows how Davos marked a shift from narrative enthusiasm toward monetization discipline, capital efficiency, and investor-focused evaluation of AI-driven returns.
Alessandro MontefioriRead
Private Equity Energy Transition: Sustainability as a Driver of Value Creation
The Private Equity energy transition has become a structural driver of capital allocation, reshaping how investors approach value creation, operational strategy, and deal structuring. As sustainability moves from ESG compliance to a core investment lever, Private Equity funds increasingly target renewable energy, energy efficiency, and decarbonisation platforms supported by resilient cash flows and long-term policy frameworks.
Lorenzo De SarioRead