Over the last 20 years or so, the alternatives sector, in general, has progressed from a relative niche to in 2024 representing roughly 20–25% of global assets under management.
In particular, private equity and private debt have grown rapidly as providers of capital for the new economic models that have emerged post-2000, largely focused on technology and intellectual property.
Join us in exploring the reasons for this progression and analyzing whether the new macroeconomic paradigm post-Covid, characterized by stickier inflation and higher-for-longer interest rates, could impact this trajectory.
We will also be investigating the specific sector of private debt, which has seen the fastest growth rate in private capital. Is private equity disentangling itself from its private debt counterpart, and will higher interest rates disrupt this trend?
Key topics will include:
How can we explain the general rise in private market investments since 2000?
Has this been US-centric or a global phenomenon?
Have twenty years of expansionary monetary policy and low interest rates fueled or facilitated this rise in private capital?
Should we expect a higher interest rate environment to impact private markets strategies? Any reason to expect risk levels to rise?
Should we expect default rates to rise?
How can we expect private debt to react to this new macroeconomic paradigm? Is stagflation in the cards?