Fabio Osta, head of the alternatives specialists team at BlackRock, emphasized that the current AI buildout represents a unique investment opportunity, significantly influencing private market dynamics. He noted that both institutional and high-net-worth investors are increasingly interested in private markets, which are becoming more accessible and transparent.
Osta predicts that global alternative assets under management will rise from $20 trillion to $30 trillion by 2030, driven by this growing appetite. He suggests a new portfolio allocation of 50% equities, 30% bonds, and 20% private markets, reflecting a departure from the traditional 60/40 mix.
Osta views AI as a pivotal component of this shift, highlighting its evolution from a niche theme to a broader macro trend with implications across various sectors. He pointed to Mistral's recent €3 billion ($3.49 billion) fundraising as a prime example of the intersection between AI and private markets.
Additionally, Osta identified energy transition, demographics, and urbanization as key trends shaping the future of private markets, stressing the importance of selectivity in investment choices