Private equity momentum built through 2025, setting the stage for a stronger recovery into 2026.
Private Equity
We favor middle and lower middle market private equity for its greater choice and attractive entry points.
As the credit cycle matures, private credit fundamentals remain resilient, supported by strong liquidity and defensive structures.
Focus on resilient segments. In our view, this includes middle market credit, which remains defensive and under appreciated.
Private Credit
Geopolitical developments reinforce our conviction in increased investment in real assets and infrastructure.
Valuations have risen across parts of the AI ecosystem, while energy and materials offer more attractive relative value.
Real Assets
Diverging paths of rate normalization are creating uneven price discovery across U.S. and European real estate markets.
Leverage regional differences to capture cyclical opportunities while focusing on sectors with durable demand and cash flow growth.
Real Estate
Private credit is well-suited for economic uncertainty as defensive structures and long-term relationships offer portfolio stability and strong recovery characteristics
Focus on resilient segments. In our view, this includes middle market credit, which remains defensive and under appreciated.
Private Credit
