Brian McMahon, managing director, alternative investment services, EMEA at BNY Mellon joins OMFIF Economist Pierre Ortlieb to discuss the shifting nature of public pensions, their changing asset allocations and potential of private markets. The broad-based ‘retailisation’ of private asset classes remains a firm, albeit elusive, goal. The returns they promise are appealing to pension investors across the globe, but costs and valuation issues, among other things, remain significant obstacles.