Higher-for-longer rates, sticky inflation, geopolitical fragmentation and the AI investment boom are changing the foundations of portfolio construction. The traditional 60/40 portfolio has been challenged, correlations have become less reliable, and private markets now represent a structural — rather than opportunistic — part of many institutional and private-wealth portfolios.
Yet the private-markets landscape itself is shifting: private equity distributions remain slow, private credit has grown rapidly and is attracting scrutiny, infrastructure benefits from energy and digital demand, and secondaries are becoming a core portfolio tool.
In this fireside chat, a seasoned allocator will share how the macro backdrop is translating into allocation decisions across private equity, private credit, infrastructure and secondaries, and how wealth investors should adapt.
