Deutsche Bank Executive Says ESG Backlash is Losing its Bite

As GP-led secondaries scale to record levels, top investors are flagging a widening gap between trophy assets and weaker deals, even as new financing tools like CFOs further blur the line between sale and securitization.

The alternative asset industry’s long-standing bargain — higher yields in exchange for opacity and illiquidity — is being dismantled piece by piece, and the firms moving fastest to replace it may define the next decade of the private market.

Barker joined BGF in 2016 and most recently served as head of portfolio.