2025 predictions

Some thoughts for GPs and LPs

Welcome back and happy 2025!

Let’s talk 2025 today.

I’ve gotten many questions on my expectations, so I wanted to distill my biggest predictions for both LPs and GPs.

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Before we get to the fun stuff - I often get asked about macro resources, here are some links I saw online for 2025 macro outlooks, listed by name of firm/publisher:

1. BlackRock iShares

2. Invesco

3. HSBC

4. J.P. Morgan Asset Management

5. Goldman Sachs

6. KKR Infrastructure

7. J.P. Morgan Private Bank

8. T. Rowe Price

9. BNP Paribas

10. UBS

11. Morgan Stanley

12. Robeco

13. Columbia Threadneedle Investments EMEA APAC

14. Amundi

15. Schroders PE

16. Barclays Private Bank

17. Colliers

2025 Predictions for LPs and GPs