The barriers preventing mass uptake of private markets exposure by individual investors are being torn down.
Some LPs are thrilled with the options being offered amid rising portfolio sale activity, while others are less receptive.
There are concerns over how welcome foreign capital will be in the US and the knock-on effects this could have on capital allocations.
Talk of disruption and dislocation amid a turbulent new US administration reigned supreme.
As GPs ramp up their efforts globally to raise capital from insurance firms, Asia presents particular challenges in this regard.
Attempting to mitigate these risks – particularly in ways that can serve to add value, as well as protect it – could soon become less of a rarity, and more of a fiduciary duty.
The biggest public pension in the US is considering a more holistic investment strategy – one others may follow.
As natural selection intensifies among placement agents, those who can broaden their scopes geographically and strategically look set to benefit.
Trade levies – if those on Mexico and Canada eventually materialise – are still likely to be a net negative for the US private equity industry.
The challenge for diversity advocates is getting their message to new audiences.