As private markets have evolved, investors have shifted their approach away from a one-size-fits-all portfolio structure focused on closed end funds towards more bespoke constructions.

Alongside this, liquidity concerns amongst both LPs and GPs have prompted a strategic reassessment of the role co-investments and secondary transactions play in modern portfolios, shifting them from the periphery of private markets to central tools for portfolio construction.

Meanwhile, the increasing democratisation of private markets encourages evermore semi-liquid fund structures to enter the market to cater to a new investor client base.

Join Matt Vokes, US Alternatives Investment Leader, and his guests Mike Forestner, Global Chief Investment Officer for Private Markets, Gurjeet Dosanjh, Real Assets Investment Director, and Heather Brooks, Real Estate Investment Director, as they discuss this structural evolution in private markets and explore the different pressures from LPs and GPs driving them forward.

This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer’s opinions.

This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract.

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In recent years, the role of private debt has transformed, with the potential for higher returns and greater portfolio diversification seeing the asset class become a more frequent feature in institutional portfolios. Now, the way that investors are accessing private debt has changed too. Semi-liquid fund structures have emerged, with asset managers seeking to address the traditional barriers to entry for wealth managers and other non-institutional investors, potentially offering greater flexibility in accessing the asset class.

In this episode, Nick Rosenblatt, Wealth Management Proposition Leader at Mercer, is joined by Alecia DeCuollo and Tamsin Coleman to examine the driving forces behind private debt’s growth as an asset class in recent years, the advent of semi-liquid structures and their ripple effect through the industry, as well as the risk and due diligence considerations when evaluating semi-liquid, private credit funds.

This podcast contains statements on historical performance which may not be repeated in the future. Please note that returns on investments are not guaranteed.

This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer’s opinions.

This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract.

There are substantial risks associated with investments classified as alternative investments. Investors should have the ability, investing sophistication and experience to bear the risks associated with such investments.

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In this milestone 100th episode of Critical Thinking, U.S. Treasury Secretary Dr. Janet Yellen joins Mercer’s Niall O’Sullivan for a wide-ranging conversation on the forces reshaping the global economy. From inflation and interest rates to geopolitical fragmentation and the green transition, Dr. Yellen offers her perspective on the challenges facing policymakers and markets alike, as well as the opportunities for long-term investors to support a more resilient, inclusive global financial system.

This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer's opinions.
This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract.
Read our full important notices - click here