Private Market News - 2/9/24

This week’s highlights: Explore the world of qualified purchasers, see which Chiefs and 49er players are gearing up for both the football and investing fields, private equity secondaries gain in popularity, tokenization could change the world of finance, and private credit is accelerating.

Key Insights:

• Markets remain generally upbeat amid positive earnings and US economic data pointing to a "soft landing". The 10Y Treasury yield continues to trade above 4%, with blowout labor market data leading many in the markets to expect the Fed to wait until May (rather than March) to start cutting rates.
• Reports this week that ARK Investment Management LLC and 21Shares amended their application for a spot Ethereum ETF—to bring it more in line with the standards of the recently approved spot Bitcoin ETFs—helped fuel confidence that Ethereum could soon benefit from an ETF approval, and drove the price of ETH above $2.4k.
• Defined benefit pension plans increased their private credit assets by nearly 30 percent in 2023, according to a survey released by Pensions & Investments . P&I did caveat the survey, however, by noting that higher rates on high-yield bonds could create some competition for private credit as an asset class going forward.

What Is a Qualified Purchaser, and How Do I Become One?

Do you have what it takes to become a qualified purchaser? Our new guide explores the criteria, benefits, and pathways to becoming a qualified purchaser. See if you meet the requirements to access a whole new world of investing.?

Read More

Sources: Securitize

Chiefs, 49ers Battle It Out On The Gridiron — And In Venture World

As things heat up in anticipation of Sunday’s big game, this article explores the players on both the Chiefs and the 49ers who are looking to score more than touchdowns when it comes to the investing world. From Travis Kelce to Patrick Mahomes, see which players are exploring venture capital opportunities.

Read More

Sources: Crunchbase News Today , Chris Metinko

Private credit secondaries become more popular, paving the way for GP-led deals

The increase in investors looking to sell their shares to put cash in their accounts has caused the private credit secondaries market to grow significantly in the last few years. Even JP Morgan expects more than $30 billion of private credit to change hands this year in the secondary market.?

Read More

Sources: Alternative Credit Investor , Selin Bucak

Tokenizing Tomorrow: Building an Inclusive Economy with Real-World Asset (RWA) Tokenization

Asset tokenization is changing the face of finance and could redefine the global economy for the next decade and beyond. This could open up new markets to new investors and bring in trillions of dollars. See what the future of finance and investing could look like in this article.?

Read More

Sources: Nasdaq , Aisha Williams

Infrastructure Investing and Private Credit to Accelerate

A recent report from McKinsey says that investors have been increasing their exposure to infrastructure due to growing maturing and uncorrelated returns, while higher interest rates have made private credit more attractive to investors.?

Fund manager Neuberger Berman reported that the private credit market has grown dramatically since the Great Recession.?

Read More

Sources: Markets Media , Shanny Basar