Private Markets In The New Cycle

Investors need to turn towards private markets—and soon

In times of fast change and heightened volatility, the private markets universe can offer stability and even attractive returns to investors willing to explore it. Here are some of the most thought-provoking insights into private markets, touching on private equity, venture capital, private credit, and more.

Private Capital Themes: Four for 2024 (Nuveen)

Recent key dynamics have put private capital—both credit and equity—in the spotlight. Here is what allocators need to know.

Finding Alpha in Middle-Market Private Equity (Morgan Stanley IM)

While PE as an asset class has consistently generated strong asset level returns, the middle market has emerged as a particularly attractive place to invest.

Gateway Markets and Core Property Types: Not What They Used to Be (MetLife IM)

The authors of this paper argue that core property types should generally be those that offer the most transparency and that have the most stable returns.

Unlocking Opportunities in the Private Middle Market (Man Group)

Private credit—specifically middle market, sponsor-backed direct lending—is potentially uniquely positioned to weather any coming storm. Allocators should explore this space.

2024 Outlook: Perspectives on Private and Liquid Credit (Antares)

PE buyout-specific dry powder has risen over 30% since 2021 to an estimated record of $640bn in North America, raising pressure on sponsors to deploy capital.

2023 Secondary Market Report (Lazard)

The secondary market recorded the second highest completed deal volume ever in 2023. Find out what drove this development in this in-depth report.

Private Markets 2024 Outlook (HarbourVest Partners)

This outlook peers into the near future of private markets around the world, offering interesting perspectives on this asset class universe.

Volatility Laundering and Private Markets Hangover (MPI)

Unlike most smaller endowments, the Ivies and other elite universities have significant allocations to non-public equity (PE and VC).

Private Assets Annual Market Review & Outlook (Natixis IM)

For compliance reasons, this paper is NOT accessible in the United States and Canada

This report looks at three core parts of the private market universe: natural capital, private equity, and energy infrastructure.

Surveying the Ecosystem Enabling Private Capital Market Success (CAIA)

Private investment, including venture capital and private equity, plays a pivotal role in transforming industries and solving societal and environmental problems.