The Tenfold Monthly

November 2025

Author

Yinka Branco-Rhodes
November 04, 2025 • Reading Time: 12 minutes

Hello,

It’s hard to go an hour these days without hearing the mention of AI, and that trend seemed to peak in October. The month opened with bubble talk, moved through headlines about OpenAI training models with the help of Goldman Sachs and other Wall Street alumni, Meta scaling back parts of its AI hiring, and closed with reports that OpenAI is laying the groundwork for a trillion-dollar IPO.

While talk of AI “taking over the analyst’s desk” sparks obvious fear, it will eliminate the most mundane tasks—the endless data pulls, memo drafts, and model tweaks—allowing professionals to spend more time on strategic, high-impact work. In less than a year, we’ve moved from speculation to clarity: it’s now clear where this is heading, and it should serve as a signal for what junior talent will need to build the most relevant skill set for the future.

Infrastructure continues to show strength, with significant raises announced across the sector. Brookfield led headlines by raising $20 billion for its Energy Transition Fund—the largest of its kind—and bringing in more than $4 billion for the first close of its latest infrastructure-debt vehicle. 

Consolidation remains the dominant theme. Brookfield plans to take full control of Oaktree, underscoring tighter integration across real assets and credit. Thoma Bravo announced a strategic minority investment in SDC Capital Partners, expanding its digital-infrastructure adjacency, and Future Standard announced it has entered into an agreement to acquire the Digital Infrastructure platform of Post Road Group, launching a new digital-infrastructure platform.

Digital infrastructure remains one of the most active areas in private capital, and that momentum is translating directly into hiring. We’re leading two searches in the space—both open to top performers who don’t need prior digital-infrastructure deal experience, but who bring the drive to excel in a fast-growing sector that sits at the intersection of technology and real assets.

  • Associate – Digital Infrastructure (New York)

  • Senior Associate – Digital Infrastructure (Washington, D.C.)

The most successful moves will come from those positioning thoughtfully, identifying the right platforms, and securing roles that align with where the next cycle is headed.

Below, you’ll find the latest news, trends, and capital shifts as we kick off the final quarter of the year.

Let’s dive in.

Community Poll

Consolidation continues to reshape the private capital landscape—from Brookfield’s full control of Oaktree to Thoma Bravo’s digital-infrastructure expansion. As firms integrate and scale, talent models are shifting. We’d like to know: how do you see hiring evolving into 2026?

With consolidation accelerating across digital infrastructure and energy transition platforms, how do you expect hiring to evolve in 2026?
Responses are anonymous
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Industry Insights & News

Here are some curated reads from around the web to keep you informed:

  • Centerview Partners to face trial over junior banker’s long hours (FT)

  • AMD signs AI chip-supply deal with OpenAI, shares surge over 34% (RT)

  • Dot-Com Fears Rise With Tech Stocks Seeing $100 Billion Swings (BB)

  • Gold price reaches $4,000 an ounce for the first time ever (CNBC)

  • OpenAI has now done $1 trillion of computing deals this year (BI)

  • Goldman’s Oppenheimer Dismisses Bubble Fears in US Tech Stocks (BB)

  • Thoma Bravo Announces Strategic Minority Investment in SDC Capital Partners (TB)

  • Future standard to launch digital infrastructure platform through acquisition from Post Road Group (FS)

  • Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures (CNBC)

  • Brookfield to take full control of Oaktree in $3bn deal, valuing firm at $11.5bn (PEI)

  • Goldman Sachs’s dealmakers post 42% gain as M&A fees surge (FN)

  • Thoma Bravo Announces Key Appointments to Grow Private Credit Platform (PRN)

  • OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work (BB)

  • BDCs, Private Credit’s Most Popular Funds, Are Drawing Scrutiny (BB)

  • Diversis Capital Raises $1.2B for Third Fund (M&A)

  • OpenAI lays groundwork for juggernaut IPO at up to $1 trillion (Reuters)

Fundraising & Deal News

Discover the latest financial milestones and transformative deals in our sector-focused roundup:

  • Brookfield brings in more than $4bn for first close of latest hefty infrastructure debt fund (AA)

  • Brookfield Raises $20 Billion for Largest-Ever Energy Transition Fund (ESGT)

  • Energy Impact Partners Closes Latest Flagship Fund at Pivotal Moment for the Energy Sector (BW)

  • Carnelian Energy Capital Closes Canada-Focused Fund at $600 Million Hard Cap in Oversubscribed, Single Closing (GN)

  • BV Investment Partners shoots for $2bn in launch of Fund XII (BI)

Open Roles & Opportunities

Are you looking to explore new career opportunities, or do you know someone who is? We are currently connecting with talent in various sectors. Contact us to learn more about these exciting opportunities.

Vice President – Infrastructure Private Equity, Energy Transition & Renewables (New York, NY)

We’re supporting the expansion of an established infrastructure investment team with a dedicated focus on renewable generation, distributed energy, and storage. The group takes a Core+ / Value-Add approach, targeting opportunities where development and operational growth can deliver strong returns alongside decarbonization impact. As a Vice President, you’ll play a lead role in execution and portfolio engagement, while also contributing to origination and thematic build-out. This is a chance to join a highly active team shaping the next wave of sustainable infrastructure investment.

Associate – Infrastructure Private Equity, Energy Transition & Renewables (New York, NY)

We’re working with an infrastructure investment team expanding its focus on renewable generation, distributed energy, and storage. The group pursues a Core+ / Value-Add strategy, investing in businesses and projects where development and operational improvement drive long-term value creation. As an Associate, you’ll gain direct exposure to live transactions and portfolio management, working closely with senior professionals across diligence, modeling, and execution. This is a strong platform for developing investment skills within the fast-growing energy transition sector.

Director & Managing Director – Telecom Investment Banking Group (Mid-West & Florida)

We're supporting the build-out of a newly formed advisory platform focused on communications infrastructure. The team is adding senior investment bankers with sector expertise to help lead origination, execution, and long-term platform growth. The firm is led by a highly respected dealmaker with decades of experience advising founders, private equity firms, and institutional platforms across the wireless ecosystem. This is a rare opportunity to help shape a purpose-built platform at the ground level—working alongside a founder with an exceptional track record and an unmatched network in the space.

Associate Telecom & Digital Infrastructure (Stamford, CT)

Join a leading investment platform at the forefront of digital infrastructure and TMT as an Associate or Senior Associate, where you’ll play a key role in deploying over $500M in dry powder. January 2026

Associate Lower Middle Market, Private Equity (New Orleans, LA)

Associate Power & Infrastructure Services Private Equity (Los Angeles, CA)

We’re hiring a Summer 2026 Associate for a leading private equity strategy focused on energy, power, and critical infrastructure sectors. The team invests across industrial growth platforms with a value-oriented lens, partnering with experienced management teams to scale businesses serving the energy transition. This is a rare opportunity to work directly with a seasoned investment team within a global platform—based in Los Angeles and focused on thesis-driven control investing. Summer 2026

Senior Associate, Tech & Digital Infrastructure (Washington D.C. Area)

Join a leading investment firm specializing in digital infrastructure, software, and enterprise IT—partner with top founders to scale innovative businesses in high-growth sectors.

VP or SVP, Business Development, Middle-Market Software Growth Equity (Los Angeles, CA)

Join a software-focused private equity firm backed by experienced investors with a strong track record in tech-enabled and recurring revenue businesses. This is a unique opportunity to build and lead the firm’s business development function from the ground up—shaping sourcing strategy, developing key relationships across the ecosystem, and playing a central role in identifying the next generation of platform investments.

Associate Infrastructure, Private Equity (San Francisco, CA)

Join a private equity firm focused on investing in essential services businesses across infrastructure. This firm takes a long-term, partnership-oriented approach, backing management teams in energy transition, digital infrastructure, and transportation. Autumn 2025

Associate or Senior Associate Energy Private Equity (Houston, TX)

October ‘25 Poll Results

In October, we asked how firms will handle the new $100K H-1B fee. 38% expect a shift toward domestic hires, 31% will sponsor at the higher cost, 19% plan to reduce H-1B hiring overall, and 13% would lower “pedigree” to save. The signal: most teams won’t dilute standards—many will still pay for top talent—but the center of gravity tilts on-shore and ROI will drive every sponsorship decision.

Unlock exclusive opportunities with leading firms and ensure you're in the running for this year's top positions by submitting your resume today.

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We look forward to sharing more insights, opportunities, and success stories with you next month!

Take care,
The Tenfold Team