Apollo, Blackstone and KKR together now have more than $2.6t of AUM, more than 4x this number a decade ago. With the stock market increasingly driven by passive investing and indexing, and dominated by a handful of mega-tech stocks, investors seeking diversification will need to turn elsewhere.
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Private markets are setting the stage for a sweeping investor shift into alternatives
“We had this notion 40 years ago that private was risky and public was safe. What if that’s just fundamentally wrong?”
