NEPC sees bias toward private markets despite lower return expectations

By Seth Brumby

Wednesday, October 23, 2019

NEPC sees private markets in 2020 as a way for institutional investors to withstand volatility, said its director of asset allocation, Phillip Nelson, during a Q3 update yesterday

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TAGS: Direct lending Performance North America

Comment by: Anonymous. Posted 4 years ago [2019-10-24 15:12:31]

Given the added risk of credit to small/medium companies, enhanced by the mountainous fund raising and resulting frenzied competition for deals, plus all the explicit and hidden leverage: this giga fad will end in tears. Trust me, there may not be volatility, but there is plenty of risk and it is growing daily. Just because it isn't marked well, doesn't mean it isn't risky. Risk really has little to do with volatility, and vice versa. Repeat that, like 100 times. This is all about controlling career risk for consultants and cya endowment and pension managers. Risky unmarked things are not ...not....risky. It will end in tears.

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