#47 Jason Coggins | AI Arms Race, SaaS Disruption, Private Credit & Global Macro Insights
From The Rate Of Change by Murdoch Gatti
November 16, 2025 · 1h 16m · Season 1 · Episode 47
About this episode
Murdoch Gatti interviews investment strategist Jason Coggins about macro forces shaping wealth creation in 2025, including AI, private credit, and U.S.–China dynamics.
In this episode of The Rate of Change , host Murdoch Gatti sits down with investment strategist Jason Coggins , former Joint Head of a major wealth management firm and consultant to leading private-market firms including Aura Group , Ellerston Capital , and IBEX Investors . Jason also serves on the investment committees for Australian Philanthropic Services and Third Link Growth Fund , providing him with a uniquely broad view across public and private markets. Murdoch and Jason explore the major macro forces shaping wealth creation in 2025 — from the rapid acceleration of AI and large language models , to evolving trends in global private credit , to the shifting dynamics of U.S.–China competition in technology, energy, and infrastructure investment. Together, they examine questions such as: In what way is the Australian private credit market structurally different to the U.S., and how do differences in creditor rights, recovery processes and loan duration shape risk? How is AI reducing business-formation timelines , and what does that mean for early-stage investors, founders, and legacy SaaS businesses? Could some private equity and SaaS business models be more exposed to…
People in this episode
Host: Murdoch Gatti
Guest: Jason Coggins
Topics covered
- AI Arms Race
- SaaS Disruption
- Private Credit
- Global Macro Insights
- U.S.–China Competition
- Wealth Creation
Keywords
- AI
- SaaS
- private credit
- global macro
- investment strategy
- U.S.–China relations
- wealth management
Mentioned in this episode
Organizations: Aura Group, Ellerston Capital, IBEX Investors, Australian Philanthropic Services, Third Link Growth Fund
More episodes of The Rate Of Change
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- #50 Ryan Bass | The Repricing of Institutional Property: From Single Digits to Double-Digit Potential · March 29, 2026 · 1h 4m
- #49 Michael Frazis | War Time Markets & Where Capital Is Flowing in a Fragmenting World · March 22, 2026 · 1h 8m
- #48 Michael Campbell | The Great Adviser Shortage & How Growth Advisers Are Building Firms Through Acquisition · March 10, 2026 · 1h 10m
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