Private Credit, Spread Divergence & Alternative Deep-Tech Capital

Liquidity constraints and exit backlogs continue concentrating capital in extreme-growth and infrastructure companies even as Volition's $950M Fund VI backs capital-efficient software. Uplift's €100M European vehicle and public, defense, sovereign, and corporate channels broaden funding, but founders must test reserves, subordination, dilution, commercialization support, and contract durability rather than treating announced capital as validated demand.