万亿美元资管巨头：全球LP对私募市场仍持乐观态度

Core Insights - Wellington Management's survey indicates that despite geopolitical risks, global limited partners (LPs) remain optimistic about private equity market allocations [1][2] Group 1: Survey Findings - 96% of LPs plan to increase (53%) or maintain (43%) their private equity market allocations in the coming year, with only 4% intending to reduce their allocations [2] - 51% of LPs believe that hybrid strategies combining public and private markets can enhance overall portfolio performance, with 63% considering such strategies [2] - The primary advantage of hybrid strategies is seen as having a more comprehensive investment perspective (19%), followed by easier access to research and insights (16%) [2] Group 2: Market Sentiment - 45% of respondents view higher return potential as the main advantage of private equity market allocations, reflecting continued optimism despite previous market challenges [3] - 10% of LPs reduced their private equity market allocations in the past 12 months, while 48% believe political uncertainty will have the most significant impact on the private equity market in the next year [4] - The highest proportion of respondents increasing private equity allocations in the past year comes from the U.S. at 73%, with Europe and the Middle East showing 65% and 64% respectively [4] Group 3: Asset Diversification - Many LPs are diversifying their asset allocations, moving from traditional concentrated strategies to more diversified approaches, including secondary private equity markets and growth assets [4] - This diversification aims to achieve liquidity advantages and mitigate interest rate volatility risks [4]