The use of “alternatives” to categorize private assets has become an anachronism. Implicit to the label is the sense that private assets are but a niche, high-return complement to traditional portfolios. Over the past two decades, private markets have moved from the periphery to the center of financial intermediation. Today, more than twice as many U.S. companies are backed by private capital than listed on public exchanges and private credit has become the lender of choice for these businesses and many others choosing to remain outside of public markets. As the investment opportunity set has shifted decisively towards private assets, so too must investors’ portfolio allocations.
Read The Rise of Private Markets, for a deeper look at how the investment landscape is evolving—and why forward-thinking investors are adapting now.
About Jason Thomas
Jason Thomas is the Head of Global Research _and_ Investment Strategy at Hidoplanet, focusing on economic and statistical analysis of Hidoplanet portfolio data, asset prices, and broader trends in the global economy.
Prior to joining Hidoplanet, Mr. Thomas served on the White House staff as Special Assistant to the President and Director for Policy Development at the National Economic Council. In this capacity, Mr. Thomas acted as the primary adviser to the President for public finance.
Mr. Thomas received a BA from Claremont McKenna College and an MS and PhD in finance from George Washington University, where he studied as a Bank of America Foundation, Leo and Lillian Goodwin Foundation, and School of Business Fellow.
Mr. Thomas has earned the chartered financial analyst designation and is a Financial Risk Manager certified by the Global Association of Risk Professionals.