Private Markets Study 2025
In the seventh edition of the study, we collected the views of 500 institutional investors around the world. We delved into some of the key questions facing private market investors today: Why do they invest in private markets? How do they expect the asset classes to perform over the next few years? What are the biggest barriers to investing today? And how do they incorporate sustainability?
Investment capabilities
Our global presence, far-reaching expertise and extensive capabilities across major asset classes combine to help us deliver outcomes that meet your needs.
Our views
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Fixed income
Bond Voyage: A journey into fixed income
12 Dec 2025
In the last Bond Voyage edition of 2025, we examine the vast amounts of capital being deployed to build new high-capacity data centres and how the expenditure is being funded in the bond markets.
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Equities
Boosting low-carbon investment in the UK: 2025 Roadmap Update
11 Dec 2025
In 2024, we outlined our view on the most important public-policy interventions to unlock private investment in the low-carbon economy. In this update, we take stock of policy developments since, and look ahead to 2026 and beyond.
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Fixed income
Purposeful run-on: A credible alternative to buyout
5 Dec 2025
Discover why purposeful run-on is emerging as a credible alternative to buyout for well-funded defined benefit (DB) pension schemes – and how it can unlock long-term value while keeping clients' needs at the centre.
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Fixed income
Beyond buyout: Why DB schemes are reconsidering their endgame
4 Dec 2025
Significant shifts in the defined benefit (DB) pension schemes landscape mean that as schemes mature, trustees and sponsors now face a broader spectrum of strategic choices. We explain why the choice between buyout and run-on is no longer binary.
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Fixed income
Rethinking risk in EMD: The great inversion on emerging markets
28 Nov 2025
Market and economic trends are challenging the idea that emerging market (EM) bonds should trade at a discount to developed economy debt.
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Equities
Controlling the controllables: Investing with focus amid constant noise
13 Nov 2025
Global equity income portfolio manager Richard Saldanha explains why investors need to tune out the endless stream of headlines to focus on what's within their control.
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Private Markets
Illiquidity premia in private debt: Q3 2025
12 Nov 2025
Having crunched the data, our private markets research team looks at how evolving macro conditions are impacting private debt returns.
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Fixed income
Bond Voyage: A journey into fixed income
10 Nov 2025
This month’s Bond Voyage looks at the Bulk Purchase Annuity (BPA) market in the UK – the quiet market making loud moves.
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Sustainability
A tale of two priorities: Aligning financial flows to climate mitigation
30 Oct 2025
Financial flows shall be “consistent with low greenhouse-gas emissions and climate-resilient development”, according to Article 2.1.c of the Paris Agreement. Yet most finance continues to flow to business as usual. How can this change?
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Equities
Peak fear, prime opportunity: Why healthcare stocks could be on the mend
13 Oct 2025
In the third of our global equity sector hub discussions, Joanna Tucka, healthcare sector hub lead, and Richard Saldanha, global equity portfolio manager, explore why all is not doom and gloom in healthcare.
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Fixed income
Bond Voyage: A journey into fixed income
9 Oct 2025
In this month’s Bond Voyage, we introduce SHIELD – the downside protection framework used by our fixed income division. SHIELD is designed to ensure our portfolios remain resilient in challenging market conditions while maintaining capital efficiency.
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Fixed income
From niche to core: Asset-based finance emerges as a driving force as private debt markets continue to evolve
7 Oct 2025
Asset-based finance is capturing the attention of institutional investors – from pension schemes to insurers – thanks to its diverse risk-return drivers and its growing role as a strategic building block in investors’ portfolios.
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Sustainability
Moving beyond decarbonisation: From climate targets to transition credibility
29 Sep 2025
Holistic stewardship across corporates, value chains, and sovereigns is essential to shaping viable, investable climate transitions. But its focus must now move beyond targets to the real-world delivery needed to make those targets achievable.
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Equities
Energy-intensive industries: Unlocking low-carbon investment
16 Sep 2025
Vital industries for UK growth like steel or cement are also energy intensive, and their decarbonisation is essential. We convened a roundtable of experts to discuss barriers and solutions to unlocking low-carbon investment opportunities.
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Fixed income
Bond Voyage: A journey into fixed income
9 Sep 2025
In this month’s Bond Voyage, our Solutions team investigates the reasons behind the widening gilt-swap spread and its implications for government bond investors, in particular for insurance companies.
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Sustainability
Step by step: Policy progress towards a low-carbon UK economy
1 Sep 2025
The UK government has published a raft of policies and action plans on decarbonisation over the past 12 months. We assess the progress to date and discuss what remains to be done.
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Company news
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Aviva Investors continues growth of Americas capabilities with Investment Director hire
12 Sep 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has appointed Danielle LeClair as Investment Director, Americas, as it continues to build out its resources in the region.
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Aviva Investors makes renewed commitment to Global Equities with senior hires
4 Sep 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces two senior hires to its Global Equities team.
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Aviva Investors expands distribution team in the Americas with two senior hires
2 Sep 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has further strengthened its presence and resource for clients in the Americas region with two senior hires, appointing Julie Caron as Head of Institutional, Americas, and Dean Liotta as Managing Director, Institutional, Americas.
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Aviva Investors further bolsters Fixed Income expertise
1 Sep 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, has announced two new appointments representing the latest in a number of senior, strategic additions to the firm’s Global Fixed Income team. Anna Chong joins as a Sector Lead, whilst Michalis Ditsas joins as a Senior Investment Director; both based in London.
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Aviva Investors hires Global Head of Insurance
11 Aug 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has appointed David Thomas as Global Head of Insurance.
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Aviva Investors acquires New Broad Street House in the City of London
4 Aug 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed the purchase of New Broad Street House in the City of London, acquiring the remaining stake in the building via its Real Estate Active Long Term Asset Fund (‘REALTAF’).
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Aviva Investors appoints Head of Global Consultant Relations
23 Jul 2025
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has appointed Sam Postlethwaite to the newly-created role of Head of Global Consultant Relations.
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Allocations to Private Markets continue to rise – Aviva Investors research
5 Feb 2025
(London) – Almost three-quarters (73 per cent) of global institutional investors expect Private Markets investments to outperform Public Markets over the next five years, according to the seventh Private Markets Study published by Aviva Investors.
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Aviva Investors appoints CEO, Canada and Head of Americas Distribution
4 Feb 2025
(London) – Aviva Investors, the asset manager of the Aviva Group (‘Aviva’) has appointed Duane Green as CEO, Canada (subject to regulatory approval) and Head of Americas Distribution. He will be based in Toronto and will report to Jill Barber, Chief Distribution Officer, at Aviva Investors. In this new role, Duane will be lead the Distribution team based in Canada and be responsible for all business development and client relationships across the region.
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Aviva Investors appoints Fabrice Pellous as co-Head of Global High Yield
20 Jan 2025
(London) Aviva Investors, the global asset management business of (London) Aviva Investors, the global asset management business of Aviva PLC (‘Aviva’), has announced the appointment of Fabrice Pellous as co-Head of Global High Yield.
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Aviva Investors appoints Gita Bal as Head of Fixed Income Research
9 Jan 2025
(London) Aviva Investors, the global asset management business of Aviva PLC (‘Aviva’), has announced the appointment of Gita Bal as Head of Fixed Income Research.
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Aviva Investors appoints Fraser Lundie as Global Head of Fixed Income
24 May 2024
(London) Aviva Investors, the global asset manager of the Aviva Group, has announced the appointment of Fraser Lundie as Global Head of Fixed Income. In this new role based in London, he will report to Chief Investment Officer Daniel McHugh and will have overall responsibility for the global rates, investment grade, high yield, emerging market debt and global liquidity teams.
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Aviva Investors appoints Cheryl Agius as Chair
23 May 2024
(London) Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces the appointment of Cheryl Agius as Non-Executive Director (NED) and Chair of Aviva Investors Holdings Limited.
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Aviva Investors adds to UK Equities team
16 Jan 2024
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has appointed Kunal Kothari to its UK Equity team as Co-Portfolio Manager, UK Equity Income. Based in London, Kunal joins the business on February 19, 2024, and will report to Trevor Green, Head of UK Equities.
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Aviva Investors hires Senior Economist and Strategist
4 Jan 2024
(London) – Aviva Investors, the global asset management business of Aviva plc, has appointed Vasileios (Vas) Gkionakis as Senior Economist and Strategist, reporting to Michael Grady, Head of Investment Strategy and Chief Economist. Based in London, Vas will cover macroeconomics and major asset classes with a focus on the UK and Europe.
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Company news
1 Sep 2016
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