Investors have come to see private markets as a cash cow
EVERYONE WHO has an investment portfolio or is in a pension scheme knows that they are exposed to the gyrations of the stockmarket. Only some are aware that a rising share of their savings pot has been invested in private assets, including private equity (leveraged buy-outs), privately held debt and infrastructure and property holdings. And most would be surprised to know how big this exposure has become. Private equity and property alone make up almost a fifth of American public pension funds’ portfolios. Читать дальше...