# Private Markets: Diversification & Growth Opportunities | EP.20 Page: https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-diversification-growth-opportunities-ep-20 Text version: https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-diversification-growth-opportunities-ep-20.md Podcast: [Alternative Allocations with Tony Davidow](https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863) Published: 2025-02-04T05:05:00+00:00 Episode link: https://907abc9d-4c7b-47a1-8cfc-11723daea7de.libsyn.com/episode-20-outlook-on-private-markets-diversification-and-growth-opportunities-with-guest-mark-steffen-cfa-caia-wells-fargo-investment-institute-0 Audio file: https://traffic.libsyn.com/secure/907abc9d-4c7b-47a1-8cfc-11723daea7de/AA_-_Mark_Steffen_-_FINAL_2.mp3?dest-id=4090161 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/alternative-allocations-with-tony-davidow-6553863/episodes/private-markets-diversification-growth-opportunities-ep-20 Duration seconds: 1507 ## Resource In Episode 20 of the Alternative Allocations podcast, Mark Steffen from Wells Fargo Investment Institute shares insights on the market environment and opportunities in private markets. He provides a positive macro outlook for 2025, predicting U.S. economic growth and a soft landing. Mark shares areas of opportunity, including private equity, private credit, certain hedge fund strategies, infrastructure assets, and secondary investments. He also emphasizes the importance of diversifying portfolios with alternatives, and highlights the increasing accessibility of these strategies to average investors. Mark Steffen is a global alternative investment strategist for Wells Fargo Investment Institute (WFII), which is focused on delivering the highest- quality investment expertise and advice to help investors manage risk and succeed financially. WFII serves Wells Fargo Wealth and Investment Management, a division of Wells Fargo & Company. As a member of the Global Investment Strategy Committee, Mark formulates and leads strategy and asset allocation guidance for alternative investments, including hedge strategies, private equity, private debt, and private real estate and infrastructure. He produces alternative investment research and market updates that deliver advice to help investors meet their long-term financial goals. Mark has more than 25 years of experience in financial services, including over 15 years in alternative investments. He earned a Bachelor of Science from St. Cloud State University. Mark has earned the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. Enjoying Alternative Allocations? Please take a moment to rate and review us. Your feedback helps us deliver more insightful episodes on alternative investments… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/alternative-allocations-with-tony-davidow-6553863/episodes/private-markets-diversification-growth-opportunities-ep-20/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-diversification-growth-opportunities-ep-20.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.