Franklin Templeton sees S&P 500 as high as 7,800, beating consensus
Institutions are expected to continue seeking liquidity given that distributions remain well below historical levels. Secondaries managers, the report notes, are buying seasoned assets, shortening the J-curve and returning capital faster, while also offering diversification across vintage, general partner, geography, industry and stage. Real estate valuations are described as having fallen from 2021 peaks, often…