The interviews in this roundtable of experts shows how these markets are evolving as liquidity tightens, valuations adjust slowly, and regulation increases. Experts agree that private markets no longer deliver automatic outperformance and that their risks are often underestimated. Still, they remain useful for investors willing to accept long holding periods and limited transparency. Success will depend less on financial engineering and more on careful analysis, fair alignment between managers and investors, and realistic expectations about returns in a more mature and competitive environment.
 

The most recent SFI Roundup offers practical and research insights into this topic from Prof. Pascal Böni, Chief Executive Officer and Chairman of the Board of Remaco Advisory Services, and Professor of Finance and Private Markets at Tilburg University; SFI Prof. Rüdiger Fahlenbrach, Professor of Finance at EPFL; Andreas Nicoli, Head of Private Equity at Zürcher Kantonalbank; Dr. Stefan Pomberger, Co-founder, Managing Director, and Head of cosmofunding; and SFI Prof. Vesa Pursiainen, Professor of Finance at the

Read the SFI Roundup in English | French | German | Italian