The central private equity issue for asset owners is not whether to allocate, but how to justify allocations under fierce scrutiny from members, regulators and governments. This session will examine valuation discipline in a higher interest rate environment; transparency and liquidity risk; fee alignment; and potential concentration risk as capital pools grow. It will provide a candid reassessment of private equity’s role in portfolios, its performance, and the opportunity cost in an environment of inexplicably bullish public markets.
