1、Prime time for private markets:The new value creation playbook IntroductionForces driving changeHow private markets can continue to outperformSpotlight on asset classes Private equity Real estate Infrastructure Private creditReady to playContactsMethodologyTop level sport is back,though not as we kn

2、ow it.There are no spectators.Physical contact is strictly restricted.Some teams even have to live together in bio-secure bubbles to guard against COVID-19 infection.But at least the rules of the game are the same.Just imagine if the contestants had returned to find hoops raised,goals narrowed or th

3、e bats halved in size.Teams would need a whole new playbook.As a private markets manager,you now face just this kind of disruptive challenge.The prizes continue to be immense;dry powder is abundant.But the rules of the game have changed.The pandemic has underlined the vital importance of resilience.

4、Value is also no longer simply a matter of financial returns.This was an emerging truth before the pandemic and has come into sharp relief since.Environmental,social and governance(ESG)priorities in areas such as health,sustainability,labour rights and social inclusion are increasingly critical to i

5、nvestors.They want their money to have an impact but also want excellent financial returns.Taking a lead on ESG and making it more of a central,rather than additive,feature of what your organisation does could therefore reframe public perceptions,cultivate closer affinity with investors and generate

6、 new forms of value.Impact turnaround opportunities might include acquiring businesses with a poor environmental record and moving them towards cleaner,net-zero production.Private markets managers might be better positioned than their public markets counterparts to do this because they have more res