Growing demand from private markets supports asset values while highlighting the discounts in listed markets.
A defensive asset class
We expect the cycle to continue to mature in 2019, with the trends already underway gradually accelerating. Higher interest rates, tighter spreads, and slower growth will make for a more challenging operating environment.
Your Netflix account doesn't just keep you up to date on the latest 'bingeworthy' series - it also represents the front-end of a major new investment opportunity.