Agility in capital markets has a familiar example: PIPE investors.
They move when traditional financing channels are constrained.
They underwrite quickly, price risk in real time, and step into windows where other capital cannot move fast enough.
That posture is being rewarded now.
McKinsey surveyed 300 global LPs and found that 54% now call DPI critical or most critical, while 70% name delayed exits and lack of liquidity as a top concern.
PwC shows the deployment side of the same pressure: U.S. private equity dry powder fell from a record $1.3 trillion in December 2024 to about $880 billion by September 2025.
The market is paying for speed, certainty, and realized cash.
For a Family Office, agility is a process you can defend: seeing change early, filtering opportunities, and knowing where the office should spend its time.
The first wave of AI built infrastructure: models, chips, compute, tooling.
The next wave is being defined by where that infrastructure gets applied to real operating businesses.
That is where we are spending time.
Best,
Ryan Austin
Founder, Arondight Advisors