In the 10th episode of RPM—Reflections on Private Markets, StepStone President and Co-COO Jason Ment discusses the history of and outlook for private markets. We discuss the secular trends behind the industry's growth and development (3:27), the ways in which the sponsor community has evolved (4:41) and how regarding LPs as long-term partners and GP-led secondaries have been part of this maturation process (8:15). Finally, he explains why he believes GPs are up to the challenge that greater oversight would entail (13:46).