Remarkable capital inflows have continually enlivened private markets since 2000, with a tripling of fundraising in each decade. Competition for top quality deals has grown hotter as valuations have soared to new heights. However, although restrictive pressures brought on by the pandemic have eased, different risks have materialized in the form of global geopolitical tensions and war, along with record levels of inflation and interest. A question for analysts is whether valuations are overblown and unlikely to last. Are investors embracing risks and following the unstoppable rise of private markets? Is the asset class likely to play a new role in the future for investors and the broader economy?

Opening Remarks

Erin Cher
Associate Director, Business and Program Development, Asia, Milken Institute

Moderator

Yup S. Kim
Head of Investments, Private Equity, CalPERS

Speakers

Steffen Meister
Executive Chairman of the Board of Directors, Partners Group

Rohaya Mohammad Yusof
Chief Investment Officer, Employees Provident Fund of Malaysia (EPF)

Todd Sisitsky
President of TPG; Co-Managing Partner, TPG Capital

Ronald Wuijster
CEO, APG Asset Management and Board Member, APG Group

Closing Remarks

Michael Klowden
CEO, Milken Institute