Overview of StepStone market insights on inflation and interest rates in the current environment

How StepStone is positioned

Which are the risks but also the opportunities after the COVID-19 market disruption

Investigating the effects on private markets assets of changes in some macro aspects

The rise of interest rates

In the 9th episode of RPM—Reflections on Private Markets, head of research and portfolio management Tom Keck summarizes current market conditions (00:30), explains how StepStone is positioned with respect to inflation and interest rate risk (02:08), discusses where the risks and opportunities post-Covid may lie (04:18), and explores what effect higher input prices and interest rates would have on private markets (07:35).

In the 9th episode of RPM&mdash;Reflections on Private Markets, head of research and portfolio management Tom Keck summarizes current market conditions (00:30), explains how StepStone is positioned with respect to inflation and interest rate risk (02:08), discusses where the risks and opportunities post-Covid may lie (04:18), and explores what effect higher input prices and interest rates would have on private markets (07:35).

StepStone Group explores the world of Private Markets through conversations with our thought leaders on key developments across private equity, private debt, real estate, and infrastructure. In each episode a member of StepStone’s investment team will discuss the data, trends, and insights helping shape investors' portfolios.

StepStone Group explores the world of Private Markets through conversations with our thought leaders on key developments across private equity, private debt, real estate, and infrastructure. In each episode a member of StepStone&rsquo;s investment team will discuss the data, trends, and insights helping shape investors' portfolios.

RPM - Reflections on Private Markets

Rpm - Reflections on Private Markets (Season 1)

StepStone Group explores the world of Private Markets through conversations with our thought leaders on key developments across private equity, private debt, real estate, and infrastructure. In each episode a member of StepStone’s investment team will discuss the data, trends, and insights helping shape investors' portfolios.

Inflation, the recovery and input prices with Tom Keck

Why liquidity and valuations matter in 2025

What the data reveals about performance

Evolving exit pathways

Private equity valuations

How private equity creates value

Discipline in a volatile market

In this episode of RPM, Lisa Larsson, a New York-based Partner on StepStone’s Portfolio Management team, and Akash Chitrey, a La Jolla-based Senior Associate on the same team, join co-host Anna Marcus to discuss private equity liquidity and valuations, using data to show how private equity really creates and sustains value, even amid uncertain macro conditions. They cover:

 
Why liquidity and valuations matter in 2025 (1:07)
What the data reveals about performance (1:41)
Evolving exit pathways (4:04)
Private equity valuations (8:05)
How private equity creates value (11:45)
Discipline in a volatile market (13:48)

In this episode of RPM, Lisa Larsson, a New York-based Partner on StepStone&rsquo;s Portfolio Management team, and Akash Chitrey, a La Jolla-based Senior Associate on the same team, join co-host Anna Marcus to discuss private equity liquidity and valuations, using data to show how private equity really creates and sustains value, even amid uncertain macro conditions. They cover:
&nbsp;
<ul>
<li>Why liquidity and valuations matter in 2025 (1:07)</li>
<li>What the data reveals about performance (1:41)</li>
<li>Evolving exit pathways (4:04)</li>
<li>Private equity valuations (8:05)</li>
<li>How private equity creates value (11:45)</li>
<li>Discipline in a volatile market (13:48)</li>
</ul>

Private equity discipline in uncertain conditions

The focus on Japan and India

Growing deal volume in Japan

Misconceptions about Japan PE

India's investment pitch

The India opportunity set

Advice for investors

In this episode of RPM, Zhiyao Ma and Hansong Qu, Vice Presidents on StepStone's Asia Private Equity team, join co-host Anna Marcus to discuss the investment case for Japan and India and why these markets may be top of mind for investors looking at China +1 alternatives.
The focus on Japan and India (2:21)
Growing deal volume in Japan (4:15)
Misconceptions about Japan PE (7:17)
India's investment pitch (8:44)
The India opportunity set (11:47)
Advice for investors (20:12)


For more on this topic, read our "Diversifying your Asia exposure" whitepaper series which includes papers on Japan private equity and India private equity. 

In this episode of RPM, Zhiyao Ma and Hansong Qu, Vice Presidents on StepStone's Asia Private Equity team, join co-host Anna Marcus&nbsp;to discuss the investment case for Japan and India and why these markets may be top of mind for investors looking at China +1 alternatives.
<ul data-editing-info="{&quot;applyListStyleFromLevel&quot;:true}">
<li>The focus on Japan and India (2:21)</li>
<li>Growing deal volume in Japan (4:15)</li>
<li>Misconceptions about Japan PE (7:17)</li>
<li>India's investment pitch (8:44)</li>
<li>The India opportunity set (11:47)</li>
<li>Advice for investors (20:12)</li>
</ul>
 For more on this topic, read our "Diversifying your Asia exposure" whitepaper series which includes papers on&nbsp;<a href="https://www.stepstonegroup.com/news-insights/diversifying-your-asia-exposure-japan-private-equity/" data-auth="NotApplicable" data-linkindex="0">Japan private equity</a>&nbsp;and&nbsp;<a href="https://www.stepstonegroup.com/news-insights/diversifying-your-asia-exposure-india-private-equity/" data-auth="NotApplicable" data-linkindex="1">India private equity</a>.&nbsp;

Diversifying your Asia exposure with Zhiyao Ma and Hansong Qu

Why evergreens

Historical performance

How to generate liquidity in PD

Benefits for institutions vs. individuals

Co-investments in evergreens

Key considerations

In this episode of RPM, Fabian Körzendörfer, a Zurich-based Partner on StepStone’s Private Debt team, joins co-host Michael Venne to discuss the benefits of private debt and why the asset class fits well with evergreen fund structures.
Why evergreens (03:01)
Historical performance (9:04)
How to generate liquidity in PD (12:49)
Benefits for institutions vs. individuals (19:05)
Co-investments in evergreens (22:02)
Key considerations (25:25)

In this episode of RPM, Fabian K&ouml;rzend&ouml;rfer, a Zurich-based Partner on StepStone&rsquo;s Private Debt team, joins co-host Michael Venne to discuss the benefits of private debt and why the asset class fits well with evergreen fund structures.
<ul>
<li>Why evergreens (03:01)</li>
<li>Historical performance (9:04)</li>
<li>How to generate liquidity in PD (12:49)</li>
<li>Benefits for institutions vs. individuals (19:05)</li>
<li>Co-investments in evergreens (22:02)</li>
<li>Key considerations (25:25)</li>
</ul>

Inflation, the recovery and input prices with Tom Keck

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RPM - Reflections on Private Markets

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