The 36 Themes
Twenty-four anchor systems and twelve catalyst systems, each running as its own forum with a dedicated stage. Every theme is its own room; a multi-day pass moves freely between all of them.
The 24 Anchor Systems
The systems that sustain the world's economy.
Oil, Gas & Hydrocarbons
Energy security is back at the top of sovereign agendas, and hydrocarbons still power most of the world economy while funding its transition. The capital decisions here set the terms for everything downstream.
Where does hydrocarbon cash flow go next?
Power, Grids & Renewables
Global energy investment reached $3.3 trillion in 2025, the highest level recorded (IEA), and the grid is the bottleneck between generation and demand.
Who funds the grid the next decade needs?
Transport & Mobility Infrastructure
Airports, rail and road corridors are the longest-duration assets in the market, and the natural home of the longest capital.
Which corridors earn the next generation of long-term capital?
Social & Urban Infrastructure
Schools, hospitals and civic assets carry policy-backed cash flows and decades of demand visibility.
How does private capital build public fabric?
Ports, Shipping & Trade Corridors
Trade is rewiring, and the ports and corridors it runs through have become strategic assets in their own right.
Who owns the corridors world trade now depends on?
Supply Chains & Distribution
Resilience has a price, and companies and countries are paying it. Supply chains are being rebuilt as investable infrastructure.
What does resilience cost, and who finances it?
Healthcare Systems & Services
Demographics guarantee the demand. The question is the delivery infrastructure, and who funds it at scale.
Where does capital improve care at scale?
Pharma & Medical Innovation
Drug pipelines, manufacturing and supply chains have become questions of national resilience as much as science.
What funds the next decade of medicine?
Banking & Insurance
The balance sheets of trust are repricing, consolidating and allocating. Insurers alone rank among the world's largest investors.
Where do the balance sheets of trust deploy next?
Pensions & Retirement Capital
The longest liabilities in finance are moving into private markets, and the shift is reshaping both.
How does retirement capital meet the real economy?
Agriculture & Food Systems
Food security is a national priority from the Gulf to Asia, and the systems that grow, move and protect food are drawing sovereign capital.
Who finances feeding a growing world?
Water & Natural Resources
The scarcest input has the least infrastructure. Desalination, treatment and distribution are becoming a capital story.
What is water worth to long-term capital?
Cities & Urban Development
Master-planned districts and giga-projects are the largest single allocations sovereign capital makes.
Which cities absorb the next wave of capital?
Hospitality, Travel & Tourism
Destination strategies have turned tourism into infrastructure: hotels, airports and experiences built as national assets.
Where does experience become infrastructure?
Commercial & Residential Real Estate
The rate reset repriced everything. What property earns now, and where, is an open question with trillions behind it.
What does property earn in the new regime?
Industrial & Logistics Real Estate
Warehouses and fulfillment networks are the physical rails of digital commerce, and among its steadiest returns.
Who owns the buildings commerce runs through?
Advanced Manufacturing
Industrial policy and automation are bringing production home, and making it investable again.
Where does making things become a capital story again?
Materials & Mining
Everything is built from something. The inputs of construction, energy and technology are consolidating into strategic assets.
Which materials carry the next cycle?
Public Markets & Capital Formation
Where companies list, and how markets are structured, is being contested for the first time in a generation, with Texas in the conversation.
Where does the next generation of companies list?
Private Markets & Alternatives
The defining allocation shift of the era: private equity, credit and real assets absorbing an ever-larger share of institutional portfolios.
How large can private markets grow?
Sovereign Wealth & Institutional Capital
The allocators' own room: strategy, governance and co-investment among the institutions that measure success in decades.
How do the world's largest funds invest together?
Family Offices & Private Wealth
Families move faster, hold longer and answer to no one. Their direct-investing era is changing private markets.
What can families do that institutions cannot?
Telecom & Digital Connectivity
Six billion people now live on digital rails (ITU), and the fiber, towers and networks beneath them are core infrastructure.
Who funds the rails of the digital world?
Media, Sports & Entertainment
Franchises, rights and content have crossed into institutional portfolios, led by sovereign and family capital.
Why is sport becoming an asset class?
The anchors sustain civilization. The catalysts reshape it.
The 12 Catalyst Systems
The forces reshaping it.
Artificial Intelligence
The largest capital magnet of the cycle. Compute, models and applications are repricing every industry in this building.
Where does AI create durable value?
Digital Assets & Tokenization
63% of institutions are moving into tokenized assets (EY). The rails of the next market structure are being laid now.
When does tokenized become the default?
Data Centers & Compute
$500 billion went into data centers in 2024, nearly double 2022 (IEA), and power is now the constraint.
Who builds the compute the decade demands?
Cybersecurity
Security has become a sovereign priority: critical infrastructure, capital markets and national systems all depend on it.
What does trust cost to defend?
Biotech & Longevity
The science of longer, healthier life is compounding, and the capital structures to fund it are still being invented.
Where does longevity become investable?
Robotics & Automation
Physical AI is arriving into a labor market that needs it, and an industrial base being rebuilt around it.
What gets automated next, and who funds it?
Quantum Technologies
Early, strategic and sovereign-backed. Quantum is where patient capital meets a generational bet.
How early is too early for quantum?
Critical Minerals
Electrification runs on inputs few countries control. Offtakes, processing and reserves have become matters of state.
Who secures the inputs of electrification?
Space Economy
Orbital infrastructure is quietly becoming an asset class: launch, satellites, communications and defense-adjacent systems.
Where does space become a market?
Climate & Energy Technology
Adaptation and transition technologies are moving from venture stories to infrastructure at scale.
Which climate technologies reach scale?
Advanced Mobility
How people and goods move is being redesigned end to end, and the fleets, systems and networks behind it need capital.
Who wins the movement of people and goods?
Next-Generation Media
Distribution, rights and IP are being rebuilt around new platforms, and capital is deciding which survive.
What does attention earn?
Forum descriptions are editorial context for the agenda, not investment advice.
