Insights from the Future Fund - The case for private markets for private investors

In last week’s Australian Financial Review,?John Kehoe interviewed Peter Costello who shared some interesting insights into the Future Fund's perspectives in the article?‘Private Equity is bad for ‘mum and dads’: Costello’.?

The Founder and Chairman of the Future Fund, Peter Costello, made some salient points on portfolio construction for the next decade. This included outlining:

• an expectation for lower returns over the next 10 years (vs. average of 10.1% over the last 10 years)
• the benefits of private markets relative to public markets (more productivity and innovation with less costly disclosure requirements and lower volatility stemming from mark-to-market)
• the Future Fund's forward looking views on investment mega-themes, 'paradigm shifts' and growing role of private market allocations
• concerns for 'mum and dad' investors who lack access to private?markets?

As a global private markets specialist, the team at Spire Capital wanted to share a response and perspectives on the article - see link below:

Spire Flash Report | Insights from the Future Fund | The case for private markets for private investors

We are excited for the future as we believe private markets have a structural advantage (relative to public markets) in accessing investments at the forefront of prevailing mega-trends. Looking forward, we are backing the mega themes of digitisation, energy transition & decarbonisation, food security & sustainability and affordable housing (plus the associated investment ‘sweet-spots’?outlined above and in the Spire Flash Report). We are doing this in partnership with our world-class global investment managers and alongside clients.?

If you are interested in gaining access to future deal flow, white papers and fund updates?please?reach out to [email protected]