In this comeback episode of Fund Fanatics, ScottAleali and Jeff Maier sit down with Mario Giannini, CEO of Hamilton Lane, for a wide-ranging and refreshingly candid conversation on today’s private markets. Mario unpacks the causes and consequences of recent bank failures, the evolvingappetite for subscription credit lines, and why the fundraising environment may be facing a structural, not cyclical, reset. He also offers sharp takes on AI hype, the future of private credit, and the power of storytelling in uncertain times. From economic insight to musical hot takes, Mario reminds us why he’s one of the most trusted voices in the industry.