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SWFs eye EM infra amid private market pullback

Sovereign wealth funds may have hit ‘peak allocation’ to illiquid assets, for now at least, but are increasingly making non-core private investments, finds new research.
SWFs eye EM infra amid private market pullback

Sovereign wealth funds (SWFs) cut back on direct investment into private markets and poured more capital into listed assets last year, reversing a trend of recent years. Yet they are doing more direct deals in less traditional illiquid assets, such as emerging-market infrastructure and non-core property.

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