The Global Investment Reset: Public vs. Private Market Allocations

In a structurally higher-rate world, global investment managers are competing more directly for capital across public and private markets. This CEO-level discussion examines how institutions are reallocating portfolios to increase alternatives exposure, how private capital is reshaping traditional asset allocation, and whether the balance between liquidity, yield, and scale represents a cyclical shift or a lasting structural reset in global capital formation. Are public markets poised to regain structural dominance as yields normalize, or has private capital permanently secured a larger share of institutional portfolios? In a more competitive capital environment, which private markets strategies are best positioned to capture the next wave of global flows? How is AI disruption reshaping investing, and will it widen performance dispersion, or compress it?