Upside scenarios forecast private markets to reach 10 percent of global AUM by 2025, and it remains one of the biggest opportunities in asset management. Yet, despite this $14 trillion target, 2023 recorded lackluster returns for private equity as private credit exposure continued to grow. Investors have had to diversify allocations across multi-asset class alternatives to drive returns and differentiate themselves from their peers. What are the mega-forces reshaping private market asset classes today? Will the headwinds of continued elevated interest rates, changing institutional capital requirements, and buoyant public markets impede subsectors in the industry, or will they present new opportunities? As memories of the ‘08 financial crisis and the 2020 pandemic linger, how can the history of decision-making help bring to the fore present-day opportunities?

Moderator

Yup S. Kim

Chief Investment Officer, Texas Municipal Retirement System

Speakers

Bennett Goodman

Executive Chairman, Hunter Point Capital

Andrew Milgram

Managing Partner and Chief Investment Officer, Marblegate Asset Management

Michael Rees

Co-President, Head of GP Strategic Capital, Blue Owl Capital, LLC

Anne Valentine Andrews

Global Head, Private Markets, Manulife Investment Management

Matthew Wesley

Global Head of Private Capital Group, Jefferies