The new series is produced by LGT Capital Partners’ investment strategists and economic researchers, with guest contributions from our investment teams.

The first edition of Principal Investor Perspectives analyzes the current situation in financial markets and examines whether risk assets can continue to “climb the wall of worry”. It also looks at the commercial real estate sector, which is currently under pressure globally – with the US office market being particularly affected.

In this issue, we also take a closer look at private credit and examine its growth over the past few years, the sub-strategies that are currently in focus and the impact of the interest rate environment on this asset class. We believe that private credit as an asset class is benefiting from secular tailwinds, and markets have already significantly repriced and now offer attractive prospective returns on new commitments.

Finally, we discuss portfolio positioning and outline focus areas for new investments in the LGT Endowment.