Insights

(View Brochure) The past year reminded investors of something easy to forget in calmer markets: cycles do not turn on schedule, and clarity rarely arrives when you want it. In 2025, interest rates stayed higher, transaction markets remained uneven, and headlines changed faster than fundamentals. Within private markets and cash-flow-oriented investments, those conditions reshaped how […]

Private equity now stands at a transformative inflection point. Industry leaders have the opportunity to not just react to market shifts, but to proactively shape the trajectory of capital deployment.

In 2024, approximately $929 billion in commercial real estate debt came due in the most challenging financing environment in a decade. Interest costs climbed, insurance premiums surged, and exit strategies shifted dramatically. Sponsors who could pivot swiftly preserved value and those who couldn’t struggled.

As mainstream investors migrate more toward the new 60/40 portfolio mix of public and private assets, the private equity investing landscape is fundamentally reshaping. A new generation of investors will soon be infusing potentially $8 trillion into private markets like commercial real estate (CRE) by 2030, as $84 trillion continues to transfer from Boomers to Millennials and Gen Zers over the next 20 years.

As we look ahead to 2025, it’s important to remember that history may not repeat itself exactly, but it often offers a guiding rhythm—especially for commercial real estate investing.

While homeownership helped to define the lives of Baby Boomers and Gen Xers, today’s challenging economy with lofty interest rates and high inflation has made the American dream increasingly difficult to attain for younger generations. As a result, rental demand has surged, buoyed of late by would-be homeowners who have scoffed at mortgage rates in favor of paying rent, some of whom have earned a reputation as “forever renters,” as coined by The Wall Street Journal. Renters have been drawn to the comfortable lifestyle that multifamily living has to offer, not least lower prices compared with mortgage payments in this…