Really apreciate Glenn's perspective on the evolution of alt managers since they started going public. His point about private markets being much more than just PE and real estate is spot on. The wealth channel stuff is particularly intresting as more retail investors get access to these products. Also think his take on private credit competing with banks is nuanced, banks are adapting but the market is clearly shifting. Good to see Evercore's research team bringing this depth of anaylsis to an area that's often oversimplified.
Really apreciate Glenn's perspective on the evolution of alt managers since they started going public. His point about private markets being much more than just PE and real estate is spot on. The wealth channel stuff is particularly intresting as more retail investors get access to these products. Also think his take on private credit competing with banks is nuanced, banks are adapting but the market is clearly shifting. Good to see Evercore's research team bringing this depth of anaylsis to an area that's often oversimplified.