How investors can access private markets in the age of AI, with Adam Myers
Australian Investors PodcastShow Notes
In this Australian Investors Podcast episode, Owen Rask sits down with Adam Myers to unpack one of the biggest shifts in modern investing: more of the value in the world’s best companies is now being created before they ever reach the stock market. Using SpaceX, OpenAI, Anthropic, Databricks, Canva and Waymo as examples, they explore why private markets matter more than ever for investors trying to understand where long-term wealth is really being built.
Adam explains why retail investors rarely get direct access to these deals, how large institutions and well-connected allocators tend to dominate the best opportunities, and what has changed since the days when public market investors could buy into companies much earlier in their growth journey. They also discuss how AI is accelerating this shift, from infrastructure and data platforms through to physical AI, and why diversified exposure matters more than trying to bet on a single winner.
If you’ve ever wondered whether public market investors are arriving too late to the party, or how listed vehicles can provide access to private companies without the usual complexity, this episode will help. Owen and Adam also cover portfolio construction, liquidity, risk, and why the private-to-public transition may become one of the defining investing themes of the next decade.
Episode resources
– Speak with the Rask Advice team
– Ask a question (select the Investors podcast)
Show partner resources
– ETF investor? Go beyond ordinary with Global X: View all funds
– Visit TermPlus to learn more
– Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit
– Whatever comes next for your business, power it with Stripe
EOFY deals to know about - ending June/July 2026
– 1 free trade per month, for 12 months, for new Pearler customers
Rask resources
– All services
– Financial Planning
– Invest with us
– Access Show Notes
– Ask a question
– We love feedback!
Follow us on social media
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
Pengana Investment Management Limited (PIML) ACN 063 081 612 AFSL 219 462 as responsible entity for AI Private Opportunities Trust ARSN 697 001 184 (AIX), is the issuer of AIX units. This podcast was produced and published by RASK, and PIML's representative participated to provide general information only. It does not take into account your objectives, financial situation or needs and because of that, before making an investment decision you should consider the appropriateness of this information having regard to your objectives, financial situation and needs. You should obtain and consider the TMD available at pengana.com/AIX before deciding whether to acquire or hold AIX units and whether AIX units are appropriate for you. Any forward-looking statements made are the speaker's views at the time of recording only and are not guaranteed to occur. None of PIML nor any of its related entities, directors, partners or officers guarantees the performance of, or the repayment of capital, or income invested in AIX. An investment in AIX is subject to investment risk including a possible loss of income and principal invested. Past perfo
More from Australian Investors Podcast
Private credit has moved from an institutional niche into the portfolios of everyday investors seeking income and lower volatility. But higher income is not free: investors are paid to accept illiquidity, manager risk and the possibility that redemptions are limited when everyone wants out at once.
My guest for this week’s 2 Sense episode on The Australian Investors Podcast is Andrew Page, founder of Strawman - Australia’s #1 small cap investment community. Andrew is a very well known commentator, investor and all round good person.
Can AI make a business more productive — and less profitable? In episode three of The Business Stack of the Future on the Australian Investors Podcast, Owen Rask explores the pricing reset behind AI and the unit economics investors need to understand. If a tool helps four people do the work of ten, charging per user could mean less revenue even while customers get more value.
This episode is a special recording, taken live from Her Wealth Her Way II in Sydney, and features Scott Phillips, CIO of The Motley Fool, and Jess Leung, Portfolio Manager at Global X, alongside Owen Rask.
Rewind episode: Sometimes the most useful investing lesson is not another spreadsheet. In this Australian Investors Podcast replay, Owen Rask revisits his conversation with money coach Karen Eley about financial IQ—what you know about money—and financial EQ—how you think, feel and behave when decisions get uncomfortable. The original conversation first appeared on 24 November 2025.