PRIVATE CAPITAL MARKETS COME OF AGE Investments

摘要

THE PRIVATE CAPITAL MARKETS are booming. Previously the preserve of a relatively niche set of players, these markets are increasingly attracting mainstream asset managers, pension funds, sovereign wealth funds, family offices and even high-net-worth individuals. Last year, there were more than 11,000 investment firms active in the private markets, a 5% increase compared with 2019 and 8% growth per year since 2015, according to McKinsey. With the private capital sector now representing $7.3tn-worth of assets under management, it is debatable to what extent the label 'alternative investments' still applies. Certainly there are few signs of growth slowing down.