BlackRock's Conway Is Bullish on Private Markets

The video discusses BlackRock's evolving view of private capital, emphasizing the integration of private markets into client portfolios. It highlights the shift in economic conditions, including labor shortages and demographic changes, and explores opportunities in transition capital. The discussion covers valuations in private markets, the importance of diversification, and emerging investment themes like digitization and sustainability.

How has the perception of private markets changed according to the discussion?

• They are only for high-risk investors.

• They are less important than public markets.

• They are now seen as essential components of investment portfolios.

• They are still considered alternatives.

What is a key driver for the need for transition capital?

• Increasing labor availability

• Decreasing supply chain challenges

• Stable consumer preferences

• Demographic shifts and changing consumer preferences

What is the current trend in private equity valuations?

• Valuations are increasing rapidly.

• Valuations have normalized and become cheaper.

• Valuations are at an all-time high.

• Valuations are unaffected by market changes.

Why is there a preference for secondary markets over primary markets?

• Secondary markets offer higher risks.

• Secondary markets provide advantageous deal flow at a discount.

• Primary markets are more stable.

• Primary markets have better price discovery.

What is the focus of the Giga Power venture?

• Reducing carbon emissions

• Developing new battery technologies

• Investing in real estate

• Expanding fiber access in the US

How does Ascend Elements contribute to sustainability?

• By reducing the need for electric vehicles

• By recycling 98% of old lithium-ion batteries

• By creating new batteries from scratch

• By investing in fossil fuels

What is a major theme permeating all asset classes?

• Preference for short-term gains

• Avoidance of technology

• Focus on traditional asset classes

• Decarbonization and transition