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  "documentTitle": "Private Markets Asset Allocation Guide May 2023  002",
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      "text": "Investors, who only focus on public markets, are missing an increasingly large opportunity set.",
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      "text": "Companies are choosing to stay private due to less regulation, disclosure, and short-term investor pressure.\nA growing pool of privately owned companies should support absorption of outstanding dry powder longer term.",
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      "text": "Source: World Bank, World Federation of Exchanges, PitchBook, UBS. Data as of December 31, 2021",
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