S.2 Ep.7: The New Dynamics of Private Markets with Josh Lerner
The evolution of private markets, from direct lending to real estate, has given rise to new opportunities and risks for institutional investors to consider.
Private markets have provided farmers, entrepreneurs, corporate tycoons and property developers with access to capital for centuries. But the current scale, growth and complexity of private capital is truly unprecedented – and is radically altering the investment opportunities and challenges facing institutional investors.
Private capital has greater influence on markets and the global economy than ever before. Global pools of private capital, including private credit and real assets, have surged to more than $12 trillion, double the size from six years ago. Underpinning this growth, institutional investors have increased their exposure to private markets in search of yield and to reduce volatility in their portfolios.
The evolution of private markets has presented investors with a new set of opportunities as well as risks. In this webinar, PGIM experts examine the outlook for private market investing and consider some of the challenges that may come into play during a period of higher interest rates and inflation.