Seth Pintar: As private markets become a larger part of institutional portfolios, how should insurance Chief Investment Officers (CIOs) assess whether they are strengthening portfolio resilience or introducing hidden fragilities?
Corrado Pistarino: The growth of private markets has been transformational; it has broadened the channels where institutional capital reaches the real economy and has become a substantial financial ecosystem alongside banks and public markets.
From a CIO’s perspective, the key question is whether that growth strengthens portfolio resilience or introduces opaque and harder-to-manage risks. I would use two tests: suitability and the quality of the risk premium.
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