The debate over private markets has escalated this year, with AQR’s Cliff Asness accusing the sector of “volatility laundering” and Ruchir Sharma, the chair of Rockefeller International, saying this week they offered an “an escape from reality.”
But allocators continue to put more money to work in the space, with private equity drawing higher portions of capital from the Adia sovereign wealth fund of Abu Dhabi.
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