Podcast 28 min listen Ashley Lester, Jim Costello, Brenda Rainey, Michael Viteri, Richard Cheever, CFA, CAIA, Clint Stone, Kerri Gandin, Vu Nguyen, Edward Berman May 21, 2026 After 15 years of near-uninterrupted growth, private markets are facing something they haven’t faced before: a real test.