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Returns are expected to range from 4.47% for global treasury bonds hedged to 9.28% for us private equity venture capital Forecasts are not a reliable indicator of future performance Refer to the table on page 10 for complete details.
We believe that the outlook for more normal, positive levels of fiscal spending, together with strong private capital investment, set the tone for a more optimistic asset return environment (exhibit 3).
Our assumptions see attractive real return potential, while differentiation across assets provides a richer hunting ground for active investors Our expectations for returns, volatilities and correlations Use our interactive version to download the excel in your chosen currency. Gain insights into 2025 capital market assumptions for private markets
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