Spain, Institutional
Change
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Looking ahead to 2025, our experts see a world defined by uncertainty and change, with mixed potential impacts on global market and economic outcomes. Macro Strategists John Butler and Eoin O’Callaghan dissect five key macro themes they’re watching. Macro Strategist Juhi Dhawan focuses on the effects of incoming Trump administration policies , notably tariffs, immigration reform, taxes, and fiscal spending cuts. Fixed Income Portfolio Manager Brij Khurana breaks down specific market impacts of those policies for US equities and fixed income.
What’s next…
Private Investment Outlook
Private Equity Team members Michael Carmen, Will Craig, and Mark Watson are encouraged by the healthier environment for venture capital in 2025. In this year's outlook, they explore key themes for the year ahead, including: higher deployment, AI opportunities and risks, rebounding IPOs, and the near- and long-term impacts of the 2024 election.
In addition, our private credit experts, Emily Bannister and Sonali Wilson, highlight five critical trends for 2025: the convergence of public and private markets, AI's impact on private credit, the evolving role of banks in lending markets, the impact of higher interest rates, and the importance of financial covenants.