Investors Want 'More Proof' Behind IPO Valuations: Partners Group's Layton

The transcript discusses the performance fees in the market, the increasing flow of capital into private markets, and the challenges faced in exits and liquidity events. It highlights the valuation pressures on major Silicon Valley companies and the shift towards defensive investments. The discussion emphasizes the need for active strategies in building defensive characteristics in investments.

What are the implications of the recent valuation pressures on major Silicon Valley companies?

How is the search for yield influencing investment strategies in private markets?

What does the speaker suggest about the future of defensive investments?