Straight to the Point: A four-part private markets series

16 October 2025

Straight to the Point

Carne’s new four-part series shares how to get ahead despite the challenges private markets now face.

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Private markets are at a turning point. After years of growth, they now face a new set of challenges from macroeconomic headwinds and regulatory shifts to rising demands for transparency and liquidity. In ‘Straight to the Point’, Carne’s four-part series, we spoke with 100 C-suite private market managers to uncover how leaders are responding and where they see opportunities ahead.

Each report focuses on a single asset class: private debt, infrastructure, private equity and real estate. We explore the unique evolution of each of these asset classes as they adapt to macro-economic headwinds, grapple with regulatory change, and navigate transparency and valuation hurdles in the face of growing demand for liquidity, highlighting where growth opportunities lie and delivering essential insights, straight from the source.

 

A preview of this four-part series:

 

Private Debt

Private debt is entering a new chapter, attracting fresh capital. It has grown dramatically into a distinct and scalable asset class, spurred on by a slowdown in traditional lending. Strongly associated as both stable and durable, private debt has moved from the peripheral to a more mainstream alternative to traditional fixed income.

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Infrastructure

Infrastructure is a sector in flux. Unprecedented demand for data centres created by generative AI and the shift to a low-carbon economy is driving increasing capital requirements. Whether it’s upgrading transport systems and electrical grids or embracing digital connectivity – trillions of dollars must flow into infrastructure just to keep up with the pace of change.

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Private Equity

Private equity is undergoing a pivotal reset. Despite strong headwinds, this sector remains robust and confident about the road ahead. Capital is amassing disproportionately to high quality names with a maturing secondaries market offering buoyancy and opportunity.

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Real Estate

Real estate is undergoing a renaissance. Growth opportunities present themselves in an aging population fuelling the need for senior living accommodation and a massive undersupply of sustainable buildings in the net zero transition.

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What’s the attraction, what are the challenges and how can fund managers get ahead?

We get straight to the point by asking 100 private debt, private equity, infrastructure and real estate fund managers their thoughts on the long-term growth prospects for their markets. They also throw new light on third parties supporting distribution strategies, the increased use of third-party administrators and their focus on KYA and AML.

Download the full reports