Private Markets

Private markets cover investments in companies, debt and real assets that are not traded on a public stock exchange. They include private equity, private credit, real estate and infrastructure.

Because these assets are not listed, they are bought and sold privately and valued less often. They can give access to parts of the economy that public markets do not reach, but they are usually longer-term and harder to sell.

• Longer holding periods, often several years
• Limited or no ability to sell before the end of the term
• Valuations made periodically rather than daily
• Detailed offer documents and investor agreements
• Higher minimum commitments than many listed investments

Some opportunities are available only to investors who qualify as professional, high-net-worth or sophisticated investors under the rules that apply in their country. Eligibility is confirmed before any investment can proceed.