Blossoming of Private Equity and Debt Capital
The markets for private capital are experiencing a secular expansion. Private transactions not only streamline strategy implementation but also enable the pursuit of traditional value-oriented investing strategies that efforts to centralize policy have stymied.
Diminishing Role of Public Markets
Public markets reflect increasingly managed and structured systems of price discovery, widening the disconnect between underlying fundamental value and "market" price. This phenomenon results in recurring, though unpredictable, phases of extreme volatility thereby impeding value-oriented capital allocation.
What is East Century?
As the efficacy of centralized public policy on capital markets diminishes, rising debt levels and diminishing productivity in the West has engendered a renaissance of Eastern capital markets and geopolitical leadership. As a result, emerging markets are increasingly better served by Eastern markets and investment capital.