Is this the market’s most-misunderstood growth opportunity?

While the market obsesses over volatile AI software and tech start-ups, global private equity giant EQT says the real money is being made in the physical layer. In this episode of The Rules of Investing, Ken Wong, Partner and Head of Asia Pacific Infrastructure at EQT Partners, breaks down why the massive, structural build-out of data centres and renewable energy grid connectivity is the market’s most misunderstood, and overlooked, growth opportunity. Summary article: https://www.livewiremarkets.com/wires/inside-the-half-trillion-dollar-firm-backing-ai-s-backbone Time codes 0:00 - Introduction 1:09 - Who is EQT? The largest private equity giant you've never heard of 3:56 - Ken Wong's background and EQT's rapid Australian growth 6:03 - Navigating the diverse economies of the Asia-Pacific region 9:44 - The EQT Infrastructure toolkit: Applying a private equity model 12:38 - The AI boom: Why EQT is playing a physical "picks and shovels" strategy 16:46 - Real estate vs. infrastructure: How data center returns actually work 22:10 - "We're just at the start": The exponential curve of AI use cases 25:36 - The multi-year bottleneck: Grid connectivity and the race for power 28:00 - The energy transition and the electrification of everything 32:28 - Social infrastructure in action: Expanding Brisbane's Icon Cancer Centre globally 38:15 - Public vs. Private markets: Passive index risks and S&P 500 concentration 45:17 - The investment opportunity being most misunderstood by markets right now