Institutional investors and their consultants are becoming increasingly worried about the sky-high valuations and heaps of dry powder found within private markets.
Sixty percent of private market investors and consultants surveyed by eVestment cited valuations as a concern, up from 48 percent last year, according to findings released Wednesday by the asset management data provider. Allocators who were apprehensive about dry powder grew to 40 percent, from 26 percent in 2017.
Read more at Institutional Investor