introduction
Private markets have provided farmers, entrepreneurs, corporate tycoons and property developers with access to capital for centuries. But the current scale, growth and complexity of private capital is truly unprecedented – and is radically altering the investment opportunities and challenges facing institutional investors.
Private markets have grown to over $12 trillion.
Private markets now account for over 40% of all capital invested in the US – more than double their share in 2009.
They represent 35% of M&A activity – 10% more than a decade ago.
A shifting paradigm for private markets
Private credit expands its reach
Private Equity Enters a New Phase
Portfolio Implications
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executive summary
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GERMAN
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ITALIAN
ITALIAN
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ENGLISH
ENGLISH
GERMAN
GERMAN
JAPANESE
JAPANESE
Simplified Chinese
SIMPLIFIED CHINESE
ITALIAN
ITALIAN
traditional chinese
traditional chinese
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Download executive summary
Risk-averse banks, onerous regulations for public companies and the rise of billion-dollar unicorns are among the factors transforming private markets.
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Credit markets have undergone a period of immense transformation with investors allocating more capital to alternative assets.
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Private equity today finances companies throughout their entire lifecycle, from startups via VC funds to multibillion-dollar buyouts of mature companies.
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The seismic shift to private markets creates new investment opportunities, as well as new and very different kinds of risks for CIOs to consider.
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THE PURSUIT OF OUTPERFORMANCE
THE PURSUIT OF OUTPERFORMANCE
Download the executive summary PDF for a quick overview on the larger white paper.
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