Head of Private Markets at Generali Investments Partners
As of 2023, the private markets industry faces some challenging macroeconomic conditions. Higher interest rates, recession concerns, inflation, and tightening financial conditions are raising questions about the risks and durability of momentum in the industry. Short-term headwinds naturally arise when such a rapid increasein interest rates occurs, leading to market dislocations as recently seen in the case of the SVB and Credit Suisse banking failures.
However, it is expected that once private markets adjust to this uncertainty, growth will resume. Morgan Stanley projects the industry to grow from $10 trillion to $17 trillion in AUM over the next five to six years, which is a compound annual growth rate of 12%. One key contributing factor to this is the industry’s ability to attract highly talented young professionals who are eager to transform and innovate in private markets,be it private equity, private debt, or infrastructure. This ability to attract young and motivated professionals is crucial to the long-term success of the industry.
Source: Generali Investments Holding S.p.A., data as of Q4 2022. Please note the data include Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Infranity which are part of Generali Investments Platform. 1 Investments bear risks. You may not recover all of your initial investment. Investment may lead to a financial loss as no guarantee on the capital is in place. 2 This communication does not relate to these funds which may not be available for distribution in your country. 3 This communication does not relate to this fund which may not be available for distribution in your country. 4 Investments bear risks. You may not recover all of your initial investment. Investment may lead to a financial loss as no guarantee on the capital is in place.
This communication is related to Generali Investment Partners and is not a marketing communication related to a fund, an investment product or investment services in your country. This document is not intended to provide investment, tax, accounting, professional or legal advice. Generali Investments Partners S.p.A. Società di gestione del risparmio is an Italian asset management company regulated by Bank of Italy and appointed to act as marketing promoter of the Fund in the EU/EEA countries where the Fund is registered for distribution (Via Niccolò Machiavelli 4, Trieste, 34132, Italia - C.M. n. 15376 - LEI: 549300DDG9IDTO0X8E20).
Any opinions or forecasts provided are as of the date specified, may change without notice, do not predict future results and do not constitute a recommendation or offer of any investment product or investment services. This document is only intended for investors in Italy. This document is not intended for US Persons, as defined under Regulation S of the United States Securities Act of 1933, as amended.
The information is provided by Generali Investments Partners S.p.A (the “Issuer”). All data used in this document, unless otherwise indicated, are provided by the Issuer. This material and his contents may not be reproduced or distributed, in whole or in part, without express consent written by the Issuer.
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