Ex-Goldman CEO Blankfein Warns of ‘Fire’ Risk in Private Markets

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Former Goldman Sachs CEO Lloyd Blankfein has warned that the accumulation of unsold private assets on investors’ balance sheets indicates potential overvaluation. He suggests that a “forcing function” or “reckoning” could trigger widespread markdowns in private markets. Blankfein believes investors need to realistically assess the true value of their balance sheets before such an event occurs.

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