<div>
What do the next 12 months have in store for private markets? That’s the question our panel aims to answer on this week’s podcast. Discussion focused on what influenced private markets in 2025 and what key themes we see emerging with 2026 already well under way. We also looked at specific sectors in more detail, delving into real estate, digital infrastructure and private credit.On our panel:</div><ul>
<li>Rob Martin, Global Head of Research and Investment Strategy</li>
<li>Bill Page, Head of Real Estate Research</li>
<li>Dr. James Tyrrell, Research Analyst</li>
<li>Lushan Sun, Head of Cross-Asset Research</li>
</ul><div>
This podcast was moderated by Nick Jardine, content manager at L&G, and was recorded on 4 February, 2026.All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026, unless otherwise stated.Assumptions, opinions, and estimates are provided for illustrative  purposes only. There is no guarantee that any forecast will come to  pass. It should be noted that diversification is no guarantee against  a loss in a declining market. </div>

What do the next 12 months have in store for private markets? That’s the question our panel aims to answer on this week’s podcast. Discussion focused on what influenced private markets in 2025 and what key themes we see emerging with 2026 already well under way. We also looked at specific sectors in more detail, delving into real estate, digital infrastructure and private credit. On our panel: Rob Martin, Global Head of Research and Investment Strategy Bill Page, Head of Real Estate Research Dr. James Tyrrell, Research Analyst Lushan Sun, Head of Cross-Asset Research This podcast was moderated by Nick Jardine, content manager at L&G, and was recorded on 4 February, 2026. All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026, unless otherwise stated. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass. It should be noted that diversification is no guarantee against a loss in a declining market.

What do the next 12 months have in store for private markets? That’s the question our panel aims to answer on this week’s podcast. Discussion focused on what influenced private markets in 2025 and what key themes we see emerging with 2026 already well under way. We also looked at specific sectors in more detail, delving into real estate, digital infrastructure and private credit.On our panel:<ul>
<li>Rob Martin, Global Head of Research and Investment Strategy</li>
<li>Bill Page, Head of Real Estate Research</li>
<li>Dr. James Tyrrell, Research Analyst</li>
<li>Lushan Sun, Head of Cross-Asset Research</li>
</ul>
This podcast was moderated by Nick Jardine, content manager at L&amp;G, and was recorded on 4 February, 2026.All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026, unless otherwise stated.Assumptions, opinions, and estimates are provided for illustrative&nbsp; purposes only. There is no guarantee that any forecast will come to&nbsp; pass. It should be noted that diversification is no guarantee against&nbsp; a loss in a declining market.&nbsp;

395: Private markets – Carving a path

<div>What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&amp;G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. 
  
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. 
  
From Trump's tariffs to irrational investors, L&amp;G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. 
  
To find out more, visit <a href="https://am.landg.com/en-uk/institutional/insights/">https://am.landg.com/en-uk/institutional/insights/ 
</a> 
L&amp;G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&amp;G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. 
 
 This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&amp;G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&amp;G. Legal &amp; General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal &amp; General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal &amp; General Investment Management. 
 
 
 
 
 

</div>

Business

Investing

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. From Trump's tariffs to irrational investors, L&G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. To find out more, visit https://am.landg.com/en-uk/institutional/insights/ L&G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&G. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&amp;G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities. 
&nbsp; 
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom. 
&nbsp; 
From Trump's tariffs to irrational investors, L&amp;G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions. 
&nbsp; 
To find out more, visit <a href="https://am.landg.com/en-uk/institutional/insights/" rel="noopener noreferrer">https://am.landg.com/en-uk/institutional/insights/ 
</a> 
L&amp;G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&amp;G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans. 
 
&nbsp;This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&amp;G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&amp;G. Legal &amp; General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal &amp; General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal &amp; General Investment Management.

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