2024 Global Private Markets Outlook
The last two years can be best described as a slow-motion liquidity crunch across private markets. Consistently high interest rates over the period created a domino effect on liquidity, effectively freezing portfolios with private investment exposure. Now, economic activity is beginning to slow, and several central bank rate cuts across the globe, a trend that may extend into the final quarter of 2024, could unearth a generational opportunity in private market allocation.
As global interest rates shift, the investment landscape evolves, creating new opportunities and challenges. This thought leadership collection offers essential insights from New York Life Investments, designed to help investors navigate and seize opportunities amid these shifting market dynamics.
In its latest report, New York Life Investments delves into the impact of recent high interest rates on liquidity and investment strategies across key asset classes. It also explores the broad range of private market capabilities, including private credit, private equity, real estate, and real assets, across the New York Life Investments platform.
2024 Global Private Markets Outlook
This new report discusses effective ways of navigating changing interest rates, helps readers understand the liquidity landscape, and explores emerging opportunities across multiple asset classes.
Private Markets Podcast Series Episode 1: Our Capital Markets Outlook
In the inaugural Private Markets podcast series, Lauren Goodwin shares how changes in the economy and capital markets are disrupting – and opening – this space. This episode is the first in a series sharing New York Life Investments’ view both from the macroeconomic perspective and from the on-the-ground perspective of our private markets investment teams.
Episode 2: The Private Equity Landscape with Apogem Capital
Private equity has been at a standstill for the last several quarters, but is that changing? Louise Smith of Apogem Capital joins host Lauren Goodwin to discuss the private equity landscape: capital conditions, opportunities, risks, and allocation ideas.
Episode 3: Private Credit with Kartesia and Apogem Capital
Investors have flocked to private credit as higher interest rates meant higher yield. Now, with interest rates moving lower, credit managers are looking for differentiated sources of value add. Host Lauren Goodwin speaks with Patrick Koehl of Apogem Capital and Julien Rigon of Kartesia to identify how borrowers are faring, which areas of the asset class are most attractive, and how best to capture that potential.
Episode 4: Real Estate Turning Points with Tristan and NYL Real Estate Investors
Commercial real estate has been in the news for its risks – related to office space – but interest rate turning points may be creating a generational opportunity for allocation. Simon Martin of Tristan Capital Partners and Thomas O’Hanlon of NYL Real Estate join host Lauren Goodwin to assess that turning point and how to manage it.
