For.the first time a portfolio of private & public assets is available via a Unified Managed Account (UMA).
Private assets may provide more attractive returns relative to public equities & bonds over the next decade.
Growth opportunities will come by offering private asset products to clients of the insurance group.
Morningstar also said alternative asset managers have close to $4 trillion of dry powder.
As in public markets, ESG data is a primary challenge.
Private equity remains the asset class with the highest expected long-term total return.
Allocation to private credit, infrastructure and private equity is at the expense of public equities and cash.
The Canadian pension plan will invest alongside Goldman Sachs in Asia Pacific private credit.
DB Investment Partners will be run will be run by CEO Raheman Meghji.
