The private markets industry grew from $1 trillion to $15 trillion over 20 years partly on promises of high double-digit returns with low volatility, but these promises have largely not been met by the large majority of the $15 trillion raised, partly because scaling these strategies to enormous asset bases typically results in lower returns.

factualpending

Speaker

Louis Gavet

Evidence Quote

private markets grew from 1 trillion to 15 trillion... on the promise of uh high double-digit returns and very low volatility uh which obviously we're finding out 15 years later has not always been met

Source

There's Going To Be One Hell Of A Hangover When The Market Party Ends | Louis GaveAdam Taggart | Thoughtful Money®
Created: 8/12/2026, 6:25:43 PM

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