Anne Valentine Andrews
Showing 1–1 of 1 transcripts.
- Milken Institute1h 1m
Private Markets: Keeping Up with Moving Targets | Global Conference 2024
Yup S. Kim, Bennett Goodman, Andrew Milgram, Michael Rees, Anne Valentine Andrews, Matthew Wesley
The private market sector has expanded to $13 trillion but faces a bifurcated fundraising environment where top-tier firms secure mega-raises while mid-market entities struggle amidst a $3.2 trillion NAV supply glut and stalled deal-making. Panelists warn of an impending private credit correction driven by unsustainable 10% interest rates and potential defaults, contrasting with the continued growth of infrastructure and the integration of AI to optimize operational strategies. Industry leaders advise prioritizing human capital and humility to navigate this volatility, projecting that successful firms will leverage technology and patient capital to bridge the widening bid-ask chasm over the coming years.