The great new value divide

Urs Vietlisbach | Partners Group | 11 February 2013

Continued bifurcation in private markets

We are dismayed by a phenomenon currently developing which we believe is prompted by investors' search for yield in a low-growth world - that is, with government bond yields at all-time lows, investors are moving into riskier assets, looking for yield. We worry that such investors are not fully pricing in the macroeconomic risks and implications of subdued growth that exist in today's ...