Watch the video version of this episode by visiting www.pgim.com/david-rubenstein . Private markets represent a fast-growing asset class with unique opportunities for investors. The growth of private equity in particular has transformed the investment landscape over the last several decades. Private equity assets more than doubled over the course of a decade to reach $11.5 trillion by 2021. David Rubenstein, co-founder of The Carlyle Group, has played a prominent role in the evolution of private equity. His work beyond Carlyle is just as monumental—from advocating for broader investor and civic education to preserving historical treasures and landmarks. In this episode, Rubenstein joins David Hunt, PGIM's President and CEO, for a wide-ranging conversation about private equity and alternative investing, inflation and the probability of a recession, the future of globalization, and philanthropy. They also discuss traits that great investors share, including a propensity to go against conventional wisdom.
