September 24, 2025
Private investments seem to be everywhere these days. Alternatives specialists, traditional asset managers, and tech platforms are all competing with direct deals or vehicles and strategies with the stated objective of “democratizing” access to what was not long ago a corner of capital markets exclusive to large institutions and family offices. The rationale for private investments within a traditional portfolio construction framework is sound: private investments can—when selected by an expert team with sourcing and underwriting skill—complement and diversify a simple mix of stocks and bonds, potentially enhancing returns and reducing risk. However, as prevalent as opportunities to invest in private markets may be, guidance is limited on precisely how to incorporate those assets into broader portfolios.
In our recent whitepaper, we answer the following:
Read more to learn about optimizing the pacing of annual commitments to reach target private markets allocations, a practice integral to the success of sophisticated investment portfolios.
We believe the lower middle market remains one of private equity’s most durable and least crowded sources of outperformance. In our latest research report, we examine the data behind our thesis and explain why we think disciplined manager selection creates a distinct edge.
In this mid-year follow-up to our 2026 Outlook, we revisit the four themes shaping this year's markets—AI's debt-financed buildout, accelerating private market access, biotech's continued momentum, and a slowly healing real estate market—and take stock of what's playing out as anticipated and what isn’t.
Three years after our last Investment Policy review, the regime has shifted: higher rates, sticky inflation, and a positive stock-bond correlation. In this conversation, GEM’s CIO Matt Bank revisits not just capital market assumptions but the framework itself, from methodology to implementation and risk management.
Let’s start a conversation about how we can help.
