watch nowThe IPO market has lost relevance in the real economy, but there are "absolutely enormous" opportunities in the health-care sector, according to the executive chairman of global private markets firm Partners Group.
Private markets are switching places with public markets as the stewards of the real economy.
"Private markets are switching places with public markets as the stewards of the real economy," said Partners Group.
Partners' Group recorded $142 billion worth of assets under management as of the first half of 2023.
Asked whether Partners Group will someday open up the window for retail investors to tap into the private equity market, Meister said it's already happening, marking a "democratization" of the private market industry.
Persons:
Steffen Meister, CNBC's Chery Kang, Meister, it's
Organizations:
Partners, Milken Asia Summit, Bain & Company, Private, CNBC, McKinsey
Locations:
Singapore