The software sector will continue to grow and evolve globally as emerging technologies continue to change the way we live and work, involving IoT, nanotech, artificial intelligence, blockchain, cybersecurity, automated vehicles and 3D printing.
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Private equity is taking over the lending ranks from the banks, says Lonsec analyst Ron Mehmet. As volatility tapers off again, demand for alternative fixed income yield in Australia is making alternative avenues more and more attractive.
MLC has been dialing up its exposure to private equity over the past 12 months, something the group's CIO Jonathan Armitage expects will continue as the market dislocation throws up more opportunities to diversify away from public markets.