Private market investors are more optimistic about investment opportunities across asset classes than they were in 2023, with general partners (GPs) proving more optimistic than limited partners (LPs), according to the new Goldman Sachs Asset Management 2024 private markets diagnostic survey, Charting New Routes.
Net sentiment is trending positive even for real estate — the most challenged asset class — with 38 percent of LPs seeing better investment opportunities, compared with 31 percent seeing worse. According to the survey, investors continue to be confident in private equity and remain bullish on infrastructure, believing they can continue to deliver consistent performance through market cycles. Credit is beginning to fall out of favor with nearly a quarter of LPs, but investors remain positive on net.
Goldman Sachs surveyed 235 institutions and fund managers from June 13 to Aug. 5. The breakdown was 19 percent GPs and 81 percent LPs, with the LP typ