VanEck's Munafo Says Private Markets Go Mainstream Over Next 10 Years
Updated
Updated · The National Law Review · Jun 16
VanEck's Munafo Says Private Markets Go Mainstream Over Next 10 Years
2 articles · Updated · The National Law Review · Jun 16
Summary
Christian Munafo said private markets are moving toward the mainstream over the next decade, highlighting a broader shift discussed in VanEck's latest Private Market Talks episode.
The VanEck growth-equity portfolio manager said the non-traditional secondaries market has expanded beyond classic LP transactions, giving investors more ways to find liquidity in a more complex private-capital ecosystem.
He also pointed to the rise of late-stage private investing and a growing convergence between public and private markets, as private companies draw capital from a wider range of investors.
Evergreen fund structures are helping democratize access to alternative investments, Munafo said, while valuation discipline and portfolio construction remain central as private assets spread to a broader investor base.