Real Assets | Investment Insight
February 28, 2023
Infrastructure Investing: Embracing Complexity in Times of Structural Change
After a tumultuous 2022, the US economic outlook for 2023 remains cloudy. Renewed uncertainty about inflation and the Fed means markets will continue to be volatile. With that in mind, we believe that infrastructure can offer key attributes—downside protection, low correlation to markets, potential protection against inflation—for investors deploying capital today.
We believe that a nuanced infrastructure investment strategy with a disciplined, price-conscious investing mindset—purchase price matters—is more crucial than ever. We see the middle-market as the most fertile ground for opportunity, especially at a time when the large capitalization space is awash in capital.
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Apollo Multi-Asset Prime Securities, or AMAPS, is a structured credit product enabling access to more diversified and higher-credit-quality assets that are risk-managed every day.
Secondaries | Investment Insight
Private Market Secondaries: A Core Allocation for Modern Private Market Portfolios
Secondaries have become a core allocation for modern private market portfolios — they can offer vintage and manager diversification, and the potential for attractive risk-adjusted returns and more consistent capital distributions.
Software has been one of private equity’s most active sectors over the past decade, supported by recurring revenue, leverage and expanding multiples. Today, that model is being reassessed. Higher interest rates and accelerating AI disruption are challenging long-held assumptions around growth durability and valuation.
