# Episode 362: What Now? Private Market Implications in Tumultuous Times

Page: https://stenobird.com/podcast/insuranceaum-com-113748/episode-362-what-now-private-market-implications-in-tumultuous-times
Text version: https://stenobird.com/podcast/insuranceaum-com-113748/episode-362-what-now-private-market-implications-in-tumultuous-times.md
Podcast: [InsuranceAUM.com](https://stenobird.com/podcast/insuranceaum-com-113748)
Published: 2026-04-06T05:03:00+00:00
Episode link: https://insuranceaumjournal.podbean.com/e/episode-362-what-now-private-market-implications-in-tumultuous-times/
Audio file: https://mcdn.podbean.com/mf/web/gpcv5zjk97a82h2c/IAP_-_Hamilton_Lane_Drew_Schardt_Audio_v2966vk.mp3
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JSON: https://stenobird.com/v1/public/podcasts/insuranceaum-com-113748/episodes/episode-362-what-now-private-market-implications-in-tumultuous-times
Duration seconds: 2023

## Resource

Drew Schardt, Co-Head of Direct Equity Investments at Hamilton Lane, joins the InsuranceAUM.com podcast to discuss how investors should be thinking about private markets in today’s uncertain environment. From the firm’s “Pandora’s Box” outlook to the broader macro backdrop, Drew breaks down the key forces shaping private equity, private credit, and portfolio construction. Drew Schardt also explores the disconnect between headlines and underlying fundamentals, particularly in private credit, and why diversification, structure, and long-term positioning remain critical. The conversation touches on liquidity trends, secondaries, and the growing role of new investment structures as investors adapt to a more complex and dynamic market landscape.

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## Transcript

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