Private markets for endowments and foundations 

In an environment of rising yields from exceptionally low levels and low- to moderate-risk premia, we believe investors increasingly need to look beyond traditional liquid asset classes (equities and bonds) in order to generate meaningful returns.

In particular, investors should be open to the potentially attractive and diversifying return sources available in illiquid asset classes (private markets). However, private markets remain a complex and hard-to-access asset class — but it is one that is increasingly hard to ignore, given its growing importance in the economy as well as in institutional investors’ portfolios.