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Private markets outlook: Refilling the glass

As we approach the end of 2024, sparks of life are emerging in private markets, fueling optimism for improved liquidity and a revitalized investment landscape.

Direct lending volume grows amid increased LBO activity

Private credit has increasingly become the preferred source of financing for PE sponsors, with direct lending volume jumping 60% over last year’s level.

The Takeaway with Troy Gayeski: Middle market PE secondaries

Our Chief Market Strategist dives into his latest strategy note on how these investments offer a compelling risk/reward profile for growth.

Historically high valuations challenge equity returns

Stocks have generated paltry forward returns during historical periods when valuations have been as high as they are today.

Head to Head x Jackie Larson: My superpower is kindness

How a top wealth advisor turned a talent for connecting with people into an award-winning practice.

Middle market PE funds outperform through rate hike cycle

Middle market private equity has outperformed mega cap PE since the Fed began to raise rates. It remains well positioned amid a cloudy rate outlook.

Replacing or complementing fixed income with alternatives

Our Chief Market Strategist examines how investors can replace/complement fixed income with alternatives.

Private credit yields remain attractive despite Fed rate cuts

Real yields on private credit could remain in their top historical quartile even if the Fed cuts another 75 basis points as markets expect.

Bet on change: What’s next in policy and markets?

Head of Public Policy Jason Cole and Chief U.S. Economist Lara Rhame dive into what the Republican win means for markets, policy and the economy.

As small caps return to favor, quality remains a concern

Markets have turned risk-on since the election, as investors again embrace small caps. But 43% of Russell 2000 companies generate negative earnings.
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