Insurers concerned about “crowded” private markets

Insurers are increasingly concerned that the swelling tide of money flowing into asset classes such as private equity and property is eroding their illiquidity premium. And this trend is making it harder to pick attractive entry points in private markets, heard the audience at AsianInvestor’s Insurance Investment Forum last week. “I wish I had a dollar for every time I read a release saying a sovereign wealth fund or pension fund is going into private markets to gain an illiquid…