Why Private Markets Have a Role in Portfolios

Neuberger’s Anthony David Tutrone examines why private markets can still play an important role in portfolio construction despite slower exits and mixed recent relative performance. Why Private Markets Have a Role…

• Private equity provides access to smaller, less publicly represented companies, broadening the investment opportunity set.
• Public equity returns have become increasingly concentrated, while private equity returns depend more heavily on company-level value creation and manager selection.
• Longer holding periods and expanding AI adoption may support future value creation, but increase the importance of operational execution and selecting strong managers.

Explore the full report to understand why private markets may remain a meaningful complement to public assets.