Andy Hagans explains why he's moving portfolio money into private-market funds despite macro uncertainty. He thinks investors are settling for 7-9% returns and waiting it out, but modest economic disruption could reprice sectors and create opportunities. He's not rooting for recession, just the healthy reset that comes with it.
I think a lot of investors are kind of saying, you know what, I'm happy to earn 7 or 8 or 9% and just, just kind of wait and see. So I've been slowly shifting more of my portfolio into private and it's fun. Like for me, it's also enjoyable, you know, to look at different offerings, to be an LP in different funds. So at this point in time, I'm kind of looking forward to what's next. And when it comes to the economy, I don't want to say I'm not cheerleading for a recession, don't get me wrong, but a little bit of disruption can be a good thing, right? Like, I kind of So I kind of want to see some repricing in really just in any sector.
