The following is Chris Cutler’s quotation in the June 20th article writtein by Sabiq Shahidullah of FundFire:
“The industry’s thinking is that whenever periods of poor performance occur, there will be a pretty quick and persuasive rebound,” said Chris Cutler, president of OCIO search firm Manager Analysis Services.
However, the current private markets downturn, which began in 2022, has not yet abated, and fundamental changes to the private equity space may make future return assumptions less reliable, Cutler said.