BlackRock releases 2024 private markets outlook

BlackRock has released its 2024 Private Markets Outlook, titled Opportunities in mega forces. The report opens with a forward from Edwin Conway, global head of equity private markets, and includes investment views from senior investors across private equity, private debt, infrastructure and real estate on their perspectives for private markets investing in the year ahead.

Key takeaways:

The mega forces reshaping our world drive many of the opportunities we see across different private asset classes. While private debt continues to grow, the higher cost of capital will drive dispersion. A nuanced and defensive approach will be critical in 2024. Continued volatility and persistent inflation have highlighted infrastructure’s resilient cash flows, while the essential nature of many assets means it is less tied to economic cycles than other asset classes. In private equity, high interest rates are driving cash-st