Shifra Ansonoff walks through how Preqin tracks public and private market performance. Public market returns have dropped sharply while private market returns are holding up better, partly because investors are sitting tight. Continuation funds, which work like GP-led secondaries, are gaining traction as a new financing structure.
We have the public indexes, so we could see from a risk-adjusted perspective, for instance, for hedge funds, that's a very popular way of looking at returns. We have it in our platform for some of the big indexes, much more at the index level. We did have further in the slide deck, we do have a slide that shows the drop-off in return levels, and you can see the private markets is catching up, but you don't see the drops as markedly. As you see in public markets, and it's a function of a lot of things. People are waiting and riding this thing out as long as they can. We're seeing a lot of interest in continuation fund vehicles. This is like GP-led secondaries effectively.
