""It's a show-me moment among managers," said Michael Brandmeyer, chief investment officer of Goldman Sachs' outsourced investing unit, highlighting the increased scrutiny faced by private equity and credit strategies."
""We are at an inflection point with investors," said David Golub, founder of private credit manager Golub Capital, indicating a significant shift in investor sentiment and expectations."
""We need to make sure the story is clear. Private markets are illiquid. That's just it. You invest in private credit, it is illiquid," stated Jenny Johnson, CEO of Franklin Templeton, addressing misconceptions about liquidity in private markets."
Executives at the Milken conference acknowledged increased scrutiny of private equity and credit strategies due to redemption pressures and limited liquidity. Concerns about AI's impact on portfolios added to the stress. Despite challenges, some managers highlighted strong portfolio performance and ongoing demand for private credit. Misconceptions about the asset class's liquidity were addressed, emphasizing that private markets are inherently illiquid. The conference reflected a shift from boasting about successes to a more cautious evaluation of the current investment landscape.
Read at www.businessinsider.com
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