BX directional thesis
Trillions in private wealth are about to pour into private markets, lifting allocations from a sliver to where pensions already sit, a tide the big managers ride.
“the wealth channel... they're underexposed to private alternatives relative to, say, a pension fund at, call it, 40% or an endowment at 50%. So at 3 to 5%, that should probably go up.”23:48claim_id
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