FLASH: McKinsey’s annual review reveals an expanding and developing industry; more tools for managed money and investors.
Note: Private markets, including PE, debt, infrastructure, real estate, and natural resources.
Private markets stayed strong in 2018. True, fundraising was down 11%. But $778-B of new capital flowed in.
Investors have a new motivation to allocate to private markets: exposure.
More investors believe that private markets have become effectively required for diversified participation in global growth.
Global private equity (PE) net asset value grew by 18% in 2018; this Century, it has grown by 7.5X, 2X as fast as public-market capitalization.
Private markets, including PE, debt, infrastructure, real estate, and natural resources, have graduated from the fringes of the economy to the mainstream.
Have a terrific weekend