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Stress Tests for Old Certainties

Markets, much like sports, have a habit of humbling consensus views just when confidence appears strongest. In Italian Serie A football, Cagliari is all but safe from relegation following its impressive and unexpected victory over Atalanta (3-2) and its well-deserved draw against Bologna (0-0). In the NBA, the past few days have delivered a similar […]

DECALIA was attending HackSummit

Thank you Arman and Emilie for having Andrea Biscia, Principal Private Markets – always a pleasure to be back on stage at HackSummit, this time to dig into how we at DECALIA think about financing in the tech landscape.

Greedy data centers

In April, Maine nearly became the first US state to freeze the construction of AI data centers. In the end, the Governor vetoed the bill, on grounds that it did not exempt a project currently underway in a distressed town. In her decision communicated to the state Legislature, she did, however, signal some support for […]

Fabrizio Quirighetti, CIO of DECALIA in the FIATA review

At the 2026 FIATA HQ Meeting in Geneva, DECALIA was pleased to contribute to the discussion on the forces shaping freight forwarding and global supply chains. We are also proud to see Fabrizio Quirighetti featured in the latest FIATA Review with his article, “From Dollar Dynamics to Trade Fragmentation: A Market Perspective.” His analysis highlights […]

The Polish Plumber’s Revenge

In the mid-2000s, the figure of the “Polish plumber” became a powerful symbol in the French and UK public debate, embodying fears linked to globalization and the enlargement of the European Union. An estimated two million workers from Eastern and Central Europe arrived between 2003 and 2007 in the UK, half of them were Polish. […]

Growth Debt in the Age of AI Disruption

A conversation with Jack Diamond, Co-founder & Partner – Atempo GrowthFranco Maria Facecchia, Principal Private Markets – DECALIA The ‘Software Apocalypse’ — how real is the AI disruption risk European vs. us market Atempo growth portfolio positioning FF   The private credit market has been under significant pressure in Q1 2026. Can you set the scene […]

Not Out of the Woods, But Out of the Panic

We aren’t yet out of the woods. That’s true both for the Cagliari Calcio, who lost logically against Inter on Friday evening, as well as for the energy shock resulting from the conflict in Iran. However, in both cases, the relief observed since the previous week-end thanks to the victory against Cremonese and the fragile […]

The Private Credit “boom”?

What’s coming next Nicolò Miscioscia, Partner, Head of Private Markets and Digitalisation, Co-Manager DECALIA Private Credit Strategies An analysis of insiders’ pulse What the market thinks Conclusion Much has been written in recent years about private credit. The debate first focused on its merits; more recently, it has shifted toward predictions of imminent disaster. This […]

Relief Rally vs Reality Check

Apocalypse Not Now! We’ve avoided the worst in two ways—at least for now! First, because even though this weekend’s negotiations came to nothing, other than an even stricter U.S. blockade of the Strait of Hormuz aimed at economically suffocating Iran, we’ve at least avoided the immediate destruction of a civilization… Second, because Cagliari won a […]