Private markets have experienced explosive growth over the last two decades. In this short paper we examine why this growth has happened, explain some of the characteristics that continue to prove so appealing for investors and explore whether now is an attractive entry point for real estate debt.
An overview
Private markets describe a broad range of equity and debt investment strategies that are not publicly traded or listed. They offer investors a vast array of styles and sectors, from the well-publicised mega Private Equity funds, to the smallest micro financing opportunities in emerging markets.
Within the private credit subset of this family, corporate credit, real estate and infrastructure are the largest underlying sectors. In absolute size, private markets are still significantly smaller than public markets, although their growth has greatly exceeded that of public markets over the last decade.
Download paper below to explore the drivers of this growth and why now might be an attractive entry point for real estate debt.
