Perspectives

October 2020 – The Impact of COVID-19 on Real Estate

A Timely Discussion with PA’s Ken Wisdom and Jason Landon As the COVID-19 pandemic continues to severely disrupt economic activity in the United States and multiple industries struggle to adapt to new ways of doing business, asset price volatility in both public and private markets has substantially increased. Although the full arc of this crisis […]

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September 2020 – Special Situations

Although the strategic implications of the COVID-19 pandemic for private markets are still coming into focus, examination of prior event-driven crises suggests the subsequent special situation opportunity set is likely to be material. The COVID-19 pandemic has created a degree of economic turbulence and levels of unemployment not seen in generations. The public health crisis […]

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March 2020 – A Tumultuous Start to 2020

As a number of crosscurrents swirl around the private markets ecosystem, including virus-related concerns, public market volatility, high historic valuations and rampant eco­nomic uncertainty, we share our thoughts on key elements of our ecosystem. A key strength of the Portfolio Advisors platform is the ability to op­erate across market cycles. Our investment philosophy is grounded […]

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August 2019 – Private Credit: An All-Weather Opportunity

Secular changes in the investment landscape and a global focus on risk-adjusted returns have highlighted private credit as an all-weather solution within the private markets universe. More than ten years after the global financial crisis, private credit has become cemented among investors worldwide as a core alternative debt strategy. A decade of consistent, but subtrend, […]

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April 2019 – The Case for the Industrial Sector in Europe

Opportunities for prudent, selective investing in European commercial real estate markets will likely continue through the coming year – and beyond. Around the globe, commercial real estate has continued to attract investor interest over the past year. This reflects positive trends in the job markets, low interest rates with low inflation, healthy regional dynamics, and […]

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April 2019 – The Case for Multifamily/Workforce Housing

As the current real estate cycle ages, opportunities to generate attractive total returns from income and appreciation, in tandem with strong defensive characteristics, have increasingly brought our focus to affordable workforce housing. The U.S. real estate markets remain in good health as we pass the tenth anniversary of the global financial crisis. Traditional late-cycle economic […]

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March 2019 – The Asian Opportunity

Last year’s global equity market uncertainty, higher interest rates, escalating trade tensions and geopolitical crosscurrents largely masked what may be a particularly attractive time to consider private market investments in Asia. Volatility among Asian equity markets increased dramatically in 2018, national market indexes dropped steeply and the Chinese economy has been impacted by a trade […]

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October 2018 – Private Market Secondaries

Last year’s global equity market uncertainty, higher interest rates, escalating trade tensions and geopolitical crosscurrents largely masked what may be a particularly attractive time to consider private market investments in Asia. Volatility among Asian equity markets increased dramatically in 2018, national market indexes dropped steeply and the Chinese economy has been impacted by a trade […]

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October 2018 – The Advantages of Real Estate Private Equity

Real estate has evolved into a global asset class that can be tailored to meet specific goals and objectives. Investing in private real estate was introduced to institutional portfolios in the 1970s to provide diversification and generate attractive long-term current income returns, with low correlations to other asset classes. Initially, investors had limited investment and […]

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October 2018 – A Co-Investment Overview

Investing alongside top-tier private equity sponsors can deliver substantial benefits to limited and general partners alike. As private equity has grown as an asset class, the dynamics between fund managers, investors and the companies in which they invest have also evolved. Among the more prominent developments in recent years has been the explosive growth of […]

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