Petar Dimov asks the right question: when is outside capital actually worth the trade?

In TAA (Tactical Asset Allocation, short-term positioning across asset classes), cash is the most underweighted asset class, with 55.9% of managers underweight and in a downward trend, suggesting allocators are not sitting idle.

But access to private growth capital is becoming more complex. UBP, Asset Allocation Award winner 2026, reports private credit redemptions in Q1 2026 running at twice Q4 levels, with vehicle-level stress beginning to interact with portfolio valuations.

In SAA (Strategic Asset Allocation, long-term 10-year return assumptions), private equity carries the highest expected return at 9.65%, but also the lowest conviction, with a standard deviation of 2.2.

If private capital markets become structurally less accessible, which public asset class absorbs the funding gap for growth-stage companies? More at assetallocationreport.c….