Critical thinking
Critical thinking
Mercer, a Marsh business
The evolution of private markets
19 minutes Posted Aug 22, 2025 at 3:00 pm.
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As private markets have evolved, investors have shifted their approach away from a one-size-fits-all portfolio structure focused on closed end funds towards more bespoke constructions. Alongside this, liquidity concerns amongst both LPs and GPs have prompted a strategic reassessment of the role co-investments and secondary transactions play in modern portfolios, shifting them from the periphery of private markets to central tools for portfolio construction. Meanwhile, the increasi...