KKR Eyes $190 Trillion of Wealth in Private Markets (Correct)

Private markets are set for a “golden age” even as investors adapt to a world of higher interest rates thanks to the vast pools of capital controlled by rich families that are set to pour into illiquid assets, according to Alisa Wood, the partner overseeing KKR & Co.’s private equity strategies for wealth.

“The last five years is not going to look like the next five years,” Wood said in a Bloomberg Television interview at the IPEM private equity conference in Cannes Wednesday. “You need to close that return gap and I think we are entering what will ...