Bootstrapping Liquidity in the Private Markets
Over the past 20 years, there has been a dramatic shift in capital flow from the public to private markets. Since 2000, private market assets have grown over 10 times, representing over $6 trillion globally. This trend has been driven by a variety of factors, including low interest rates, companies staying private longer, the need for portfolio diversification, and the outperformance of private market asset classes over public market investments in recent years. As a result, we’ve seen significant institutional investor dollars flow into most major private market asset classes, including private equity, venture capital, real estate, infrastructure, and commodities.