Private Market Growth & Dynamics - Private markets are opening to the public, with Apollo Global at the center of this shift, viewing private markets as the next great investment frontier [1] - Apollo's assets under management grew from roughly $40 billion in 2008 to $840 billion today, outpacing the growth of companies like Google, Amazon, and Microsoft, driven by fundamental factors reshaping private markets [3][4] - The number of public companies has decreased from 8,000 to 4,000, and the S&P 500 is heavily concentrated, with 10 stocks representing 40% of the index, raising concerns about diversification [7][8] - Active management struggles to outperform the index, with 90% of equity market participants failing to do so for 20 years, leading to a shift towards passive investing and ETFs [9][10] Alternative Investments & Investor Access - Alternatives, traditionally defined as private equity, venture capital, and hedge funds, are now viewed as any alternative to publicly traded stocks and bonds [12][13] - Individual investors could eventually match institutional investors in market size, with family offices already having over 50% of their investments in private markets [16][17] - Retail investors are expected to participate in private markets indirectly through traditional asset management firms, leading to a convergence of public and private markets [20] - Criticisms of alternative investments include lack of transparency, illiquidity, high fees, and potentially decreasing returns as more money flows in [22] Private Credit Market - The private credit market is estimated to be $1.5 trillion if defined as direct lending and leveraged lending below investment grade, but $40 trillion if including investment grade [44] - Banks are heavily involved in private credit, as everything on a bank balance sheet, such as loans to customers and companies, is essentially private credit [36] - Long-dated investments, such as those in energy transition, manufacturing, and infrastructure, are increasingly being funded outside the banking system by institutional investors [41] Liquidity & Risk - The perception that private is risky and public is safe is challenged, suggesting both are risky and safe, with the primary difference being liquidity [60][61] - In the investment-grade private market, investors working with Apollo can access 100% of their money every 30 days [49] - Public markets may not be as liquid as perceived, with it taking 5 days to sell an investment-grade corporate bond [55] Investment Advice & Future Trends - The value of advice is increasing as investors are asked to consider new investment options, requiring advisors to provide guidance on navigating the complexities of public and private markets [67] - Guaranteed lifetime income is expected to become an important choice for individuals within their 401(k) plans, addressing the retirement income deficit [73][76] - The availability of capital in private markets is allowing companies, including AI and defense companies, to stay private longer, investing for the long term without being driven by quarterly earnings [81][82]

RT Ondo Finance (@OndoFinance)The future of public markets is onchain.Wall Street without the walls. ...

RT The Rollup (@therollupco)We asked @LorenzoARK of @ARKinvest how ETH treasury companies will deploy their capital on-chain."For two to three years, we didn't have any Solana or Ethereum DATs.""In the last two to three months, we had a thousand launching.""Public markets are so much bigger than crypto, that is the main appeal of these DATs.""Spot ETFs are probably going to be able to stake less than 50% because of liquidity reasons." ...

We're going to dive further into the realm of private markets. We're joined now by Achilles Global founder and CEO Sachin Khajuria. Achilles Global is a private investment firm operating in public and private markets.And. Sachin, you spent a lot of time at Apollo yourself before leaving in founding Achilles. What's going on here.You look at the negativity behind the stocks of these major alternative asset managers. This was the flavour of the decade it feels like, for the financial industry. Why are investo ...

Indian companies are making a last-minute dash to the public markets, aiming to attract global investors before a key deadline https://t.co/0mCO4adKPn ...

As public markets shrink, private markets have grown into a $13 trillion force. @sonalibasak breaks down why investors and regulators are sounding the alarm.Watch the full episode of Bullish on the Bloomberg app https://t.co/oSp6OsKcPV https://t.co/5qSD2pPx3d ...

Venture Capital Trends - Venture Capital firms are in no hurry to push startups to list on public markets [1] - Venture Capital firms are eager to capture more of the growth in valuations as companies scale up [1]

Joining me now, Sarah Nason Terano, head of private wealth management at Goldman Sachs with a very big focus on family office. Welcome back. Thanks for having me.So, you just had a big meeting, 200 institutional family offices from around the world, 17 countries in 80 cities. So, you got a great cross-section view of what the world thinks about stocks. Is it is it easier to make the bullish case today or harder given where the market's gone to and where valuations are.Um, look, we had, you know, a lot of fa ...