Worn down by pricey equities and super-skinny bond yields, asset managers are increasingly looking beyond public markets in search of decent returns.
This has been building up for several years. Already, Schroders points out that private markets are worth something like $8tn.
But last year’s serious pick-up in inflation is prompting some asset managers to look at assets including private debt and equity, as well as infrastructure and real estate, for the first time, or to push further into the space.
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