Slower Private Asset Distributions: What Does It Mean for a CIO?
Since 2022, private asset distributions have weakened. Understand how this impacts CIO’s commitment pacing, liquidity risk and asset allocations.
Newark, NJ, United States
Newark, NJ, United States
Michelle (Yu) Teng is a Vice President and Co-Head of the Private Assets Research Program at PGIM. She joined PGIM from the Investment & Pension Solutions group in Retirement, where she focused on developing and delivering innovative solutions for the company’s institutional clients. Michelle was previously an Assistant Vice President at Bank of America Merrill Lynch, where she was responsible for building quantitative models in Global Markets. Ms. Teng received a PhD in Electronic and Electrical Engineering from UCL (University College London) and an MBA from Tuck School of Business at Dartmouth. She holds the Chartered Financial Analyst designation.
Since 2022, private asset distributions have weakened. Understand how this impacts CIO’s commitment pacing, liquidity risk and asset allocations.
Liquidity risk can be more severe than volatility risk. Funds may need a designated chief liquidity officer for integrated liquidity management.
Quantifying the “hidden” performance cost of early access to retirement funds helps CIOs and regulators make more-informed decisions.