We were delighted to co‑host an engaging discussion with Apollo Global Management, Inc., exploring how investors can navigate an increasingly complex market environment and rethink portfolio construction for the years ahead.

The session opened with insights from Alexander Wright, Partner & Global Wealth Strategist at Apollo, who shared his perspectives on the economic drivers shaping private markets today. Drawing on Apollo’s experience as a leading private markets investor, he highlighted themes including value investment approach to AI, the ongoing industrial renaissance, and the growing importance of resilient income-generating assets in portfolio construction.

Joining Alexander in a fireside chat, Horace Zeng, Head of Investment Products & Advisory at DBS Private Bank, offered valuable perspectives on how wealth managers are adapting to a rapidly evolving investment landscape.

Several themes emerged from the discussion:

Private Credit – As investors seek yield and diversification, private credit continues to gain attention as a compelling complement to traditional fixed income.

Portfolio Construction – The discussion explored how a greater allocation to private markets may help enhance diversification and improve risk-adjusted returns over the long term.

Ongoing Monitoring – Geopolitical risks and rapid AI adoption will significantly shape valuation models and asset allocation strategies.

Transparency & Liquidity – Understanding liquidity characteristics and maintaining robust portfolio oversight remain critical considerations for investors navigating private markets.

Sincere thanks to Apollo and DBS Private Bank, and all participants for contributing to such a thoughtful and engaging discussion.