395: Private markets – Carving a path

What do the next 12 months have in store for private markets? That’s
the question our panel aims to answer on this week’s podcast.
Discussion focused on what influenced private markets in 2025 and
what key themes we see emerging with 2026 already well under way. We
also looked at specific sectors in more detail, delving into real
estate, digital infrastructure and private credit.

On our panel:

This podcast was moderated by Nick Jardine, content manager at L&G,
and was recorded on 4 February, 2026.

All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026,
unless otherwise stated.

Assumptions, opinions, and estimates are provided for illustrative 
purposes only. There is no guarantee that any forecast will come to 
pass. It should be noted that diversification is no guarantee against 
a loss in a declining market.