Private markets are more sensitive to interest rates, inflation and tariffs, while there are questions about how private credit will hold up in a significant correction.
Changes in Washington have made it clear ‘we’ve entered an era of building,’ writes the CIO of a sovereign fund.
The firm’s purchase of Crestline Management would create a $53 billion AUM alternative investment platform.
The median return of 11.3% for fiscal year 2025 topped the funds’ assumed rates of return by 430 basis points.