Is Private Market Investing Cyclical or Secular? Yes.
Is Private Market Investing Cyclical or Secular? Yes.
Some market observers see a shift in the balance of power from public to private markets. According to data from PitchBook, assets in private equity, venture capital, and other such funds have quadrupled since 2006. Morningstar Indexes Strategist Dan Lefkovitz identifies both the cyclical and enduring factors at work.
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What's Inside
What's Inside
- Which factors have provided tailwinds for private markets and what events have historically hurt private market investors
- What sources are fueling the boom in the private equity asset growth
- How the Morningstar PitchBook Developed Markets Listed Private Equity Index provides an indirect route to private equity exposure