For asset allocators to unlisted investments
Insurers strengthen their commitment to private markets
Insurers may have been hesitant to embrace private markets, but the attributes of private credit and other asset classes are leading to larger allocations.
Positioning for private markets’ next phase
StepStone’s Mike Elio sees institutional capital becoming more selective as investors seek better routes to liquidity and reassess where future opportunities lie.
Unlocking natural capital value
Institutional investors seeking resilient, future-focused portfolios are increasingly turning to timberland – a real asset that combines climate resilience, biodiversity benefits, and long-term value creation. By Thomas Sarno Global Head of Timberland Investments
The architecture of ambition
Britain already has the ingredients for stronger growth. Sir Nigel Wilson explains why long-term thinking, ambition and productive investment are the keys to turning that potential into reality.
Infrastructure debt’s growing role in LGPS portfolios
As schemes seek resilient income and greater diversification, infrastructure debt is emerging as a compelling way to access long-term returns while helping to manage portfolio risk
A responsible approach to private markets
Lisa Stonestreet talks to PMP about what EIRIS Foundation’s four decades of responsible investment can teach asset owners moving into private markets – from defining what they want to achieve to transparency and stewardship.
In perspective: charities & endowments
There is no one blueprint for investing in private markets. We asked three investment leaders from across the charities, endowments and foundations sector the same four questions, revealing where their thinking converges – and where it differs.
New PMP issue out now
Our biggest issue yet has arrived – with more pages, a fresh design and a broader range of perspectives from across private markets.
Issues
Built for yesterday’s climate
Why physical climate resilience is becoming part of prudent infrastructure underwriting. By Rhyadd Keaney-Watkins, Managing Director and Head of ESG.

Building investable regions
The new prime minister has put devolution at the heart of his government’s economic agenda. But stronger regional institutions alone will not unlock institutional investment. The real test is whether they can create a pipeline of commercially attractive opportunities.
Could DC be incentivising unintended private asset outcomes?
The rapid rise of evergreen and openend private market vehicles has been celebrated as a breakthrough for defined contribution (DC) investors.
Cultivating a Welsh investment ‘terroir’
Development Bank of Wales chair Sally Bridgeland argues the nation should play to its natural strengths and nurture a distinctive investment ecosystem capable of supporting sustainable economic growth. She speaks to Alastair O’Dell.

How AI is reshaping private equity value creation
For much of the period following the GFC, cheap and readily available debt and rising valuation multiples provided a supportive backdrop for private equity returns. Today’s higher financing costs and demanding entry valuations have made the return equation less forgiving.
Private credit is a governance test
Private credit’s rapid expansion has firmly moved it from the margins of alternative finance into the mainstream of pension scheme portfolios.
Most popular articles
How AI is reshaping private equity value creation
For much of the period following the GFC, cheap and readily available debt and rising valuation multiples provided a supportive backdrop for private equity returns. Today’s higher financing costs and demanding entry valuations have made the return equation less forgiving.
Cultivating a Welsh investment ‘terroir’
Development Bank of Wales chair Sally Bridgeland argues the nation should play to its natural strengths and nurture a distinctive investment ecosystem capable of supporting sustainable economic growth. She speaks to Alastair O’Dell.
A responsible approach to private markets
Lisa Stonestreet talks to PMP about what EIRIS Foundation’s four decades of responsible investment can teach asset owners moving into private markets – from defining what they want to achieve to transparency and stewardship.
Europe’s private equity edge grows
European private equity is proving more resilient than its US counterpart, but PitchBook’s latest research suggests fundraising remains highly selective and a broad-based recovery…
Q3 2026: On the record
The past quarter marked an important stage in the evolution of institutional investment in private markets, producing several developments that signal where the market is heading.
Has the IPO lost its place as venture capital’s preferred exit?
Europe’s IPO market has recovered, but venture-backed companies are increasingly finding liquidity elsewhere.
Beyond the Myths: What local investment looks like in practice
Showcasing where mayoral strategic priorities, scalable investment opportunity and demonstrable impact intersects. By Gemma Bourne, managing director at Better Society Capital
From allocation to implementation
The challenge facing institutional investors increasingly centres on overcoming the operational friction that can hinder long-term success. Fulcrum Asset Management’s Matthew Roberts explains why implementation has become the next frontier.

Why some asset owners are rethinking the GP-LP relationship
Ontario Teachers’ latest platform agreement with M&G illustrates how an increasing number of the world’s largest institutional investors are building deeper, longer-term partnerships with specialist managers to improve alignment, access and scalability.
Private markets raise the bar for insurers
As insurers’ strategies become more sophisticated, success will increasingly depend on scale, expertise and technology.
Thinking beyond retirement
TPT Retirement Solutions’ Georgie Edwards sets out why private markets can play an important role in DC pensions after retirement – but only if schemes can navigate an increasingly uncertain policy landscape.
Europe’s private equity edge grows
European private equity is proving more resilient than its US counterpart, but PitchBook’s latest research suggests fundraising remains highly selective and a broad-based recovery…
Catalysing Scotland’s investment future
Eddie McAvinchey, Scotland director at the National Wealth Fund, explains the role institutional investors can play in infrastructure and renewable energy and where he sees Scotland’s greatest investment opportunities.
Nest pushes venture into the DC mainstream
Nest’s new venture capital strategy is about more than a £200 million allocation. It reflects a broader shift in UK DC investing, as master trusts become increasingly willing to move further up the company lifecycle in search of long-term returns.