Private markets are transforming the investment landscape — reshaping portfolios, expanding access, and driving growth across asset classes from private equity to infrastructure and private credit. Once the domain of institutions, private markets are increasingly accessible to individual investors, offering new ways to pursue diversification and long-term opportunity. In this episode of The Bid, host Oscar Pulido is joined by Cameron Joyce, Head of Research Insights at Preqin, a part of BlackRock, to explore how private markets could reshape portfolios and investment opportunities by 2030. Cameron shares why the asset class has surged from $11 trillion pre-pandemic to an expected $32 trillion by the end of the decade — and what this evolution means for investors. Together they discuss how companies are staying private longer, why liquidity dynamics are shifting, and how new fund structures are widening accessibility for individuals and retirement savers alike. Cameron breaks down the three major growth engines powering the sector: private equity, infrastructure, and private credit — and explains how megaforces like AI and energy transition are creating new opportunities within each. Sources: “Private Markets in 2030” Preqin October 2025 Key moments in this episode: 00:00 Introduction to why Private Markets are having a moment now 01:01 Understanding Private Markets - Why companies are staying private longer — and where the value creation is shifting. 02:01 Growth and Trends in Private Markets - The forecasted $32 trillion in alternative AUM by 2030 and what it means for diversified portfolios. 02:46 Impact on Investment Portfolios - The rise of individual access through open-ended fund structures. 06:04 Where we are in the private equity cycle — and why lower fundraising periods often precede strong returns. 09:56 Infrastructure Investment Opportunities - How infrastructure is becoming a key beneficiary of AI and reshoring trends. 11:51 Why private credit and direct lending are gaining momentum as banks step back from traditional lending 14:20 Artificial Intelligence in Private Markets - How AI is influencing value creation within privately backed companies. 16:40 Conclusion and Final Thoughts Check out this Spotify playlist for more content on alternative investing: https://open.spotify.com/playlist/4Fe8VwKyG5FPYekFFSksbI 🔗 Learn More About BlackRock: https://1blk.co/41uwhDS  🔗 Watch and Subscribe to The Bid on YouTube: https://1blk.co/48iHOs4  🔗 Follow Us on LinkedIn: https://1blk.co/3v09q6Q  🔗 Follow Us on Twitter (or X): https://1blk.co/3NuiIOW  private markets, private equity, alternative investments, infrastructure, private credit, capital markets, AI investing, megaforces, diversification, BlackRock, Preqin, portfolio construction This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and Non-EEA countries, this is authorized and regulated by the Financial Conduct Authority. In the EEA, it is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.