Unpacking the State of the Market (With David Hedalen, Head of Private Markets Strategy & Research at Aviva Investors) | 24 Jul 2026 | Private Markets 360 | S&P Global Market Intelligence

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Evolution of Strategic Asset Allocation (SAA): Institutional investors and Defined Contribution (DC) pensions are increasingly driving a structural convergence between public and private market data frameworks. By applying ex-post modeled total return forecasts, de-smoothing private indices, and assessing historical NAV volatility, managers are enabling private market assets to directly "talk to" traditional public portfolio books [04:01], [], [].