A ‘Seismic’ Shift in Private Markets
Exchanges
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Is There a Systemic Risk in the Private Markets?
There's been a lot of discussion about the next ou no bubble to burst will be somewhere in the private markets, where we don't have great transparency. I don't think that there is a systemic risk at this point. Have we seen some markets get stretched a little bit? Whether that's valuations or the depth of leverage? Yes, yes. But i don't see that rising to the level systemic risk.
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