Private markets are on fire. The FT reports the biggest listed US private capital companies have more than tripled in value since last year’s sell-off. The combined market value of Blackstone, KKR, Carlyle, Apollo and Ares have grown from a March 2020 low of $80bn to $250bn this year. Says Kewsong Lee, Carlyle’s chief executive: “Deals are being completed on shorter timelines, financings are being executed more quickly, opportunities for exits are presenting themselves sooner, funds are being raised faster than ever before, and accelerating impact from disruptive technology and changes from the pandemic are powering an increased demand for private capital across sectors and regions.” Stephen Schwarzman, Blackstone’s CEO, called the firm’s second quarter “the most consequential in our history”, both in terms of its financial results, but also for the wider trajectory they are enjoying. “Our forward momentum has never been stronger.”
This explosion in private market assets is creating a revolution in data.
We’re moving from web 2.0 apps and Bill Gates 1.0 (Excel) to distributed data solutions with a golden copy of the data artifact that doesn’t move and is only accessed. DLT is the backbone for trust in private market assets performance data…Inveniam is Data 3.0 for Web 3.0.