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Apollo's Alex Wright on The Role of Private Markets in Modern Portfolios | #583
Today’s guest is Alex Wright, Global Wealth Strategist at Apollo. In today’s episode, Alex discusses the fragility of public markets, citing high valuations, rising correlations, and limited diversification opportunities, which prompt a need to reassess traditional 60/40 portfolios. Then he walks through the opportunity in private markets, including private equity, private credit and infrastructure. Alex explains why private assets can offer a potential pathway to enhanced diversification and capture opportunities in an expanding and evolving investment universe.
Key Points
- Private markets offer a broader and potentially more lucrative investment landscape compared to public markets, with private equity and debt providing different yet complementary opportunities for portfolio diversification.
- The current economic conditions, including high tariffs and potential inflation, make private credit, especially large-cap direct lending and asset-backed finance, an attractive alternative to traditional public market investments.
- The global need for infrastructure updates presents a significant long-term investment opportunity, with both debt and equity plays offering inflation protection and income potential.
Chapters
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Transcript
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