The global stock sell-off is having a knock-on effect on private markets.

全球股票抛售正在对私人市场产生连锁反应。

Investor money has poured into private markets in recent years.

近年来，投资者的资金涌入私人市场。

Morgan Stanley estimates that private markets are now worth $8tn.

摩根士丹利估计，私人投资市场现在价值为8万亿美元。

Robin, how did private markets get so big in the first place?

罗宾，私人市场是如何扩大的？

Plus, private markets have become massive, but their lack of transparency is causing concern in some quarters.

另外，私人市场变得非常庞大，但因其缺乏透明度，所以在某些方面会令人有所忧虑。

Well, private markets have been around for as long as, you know, ownership has been around.

私人市场已经存在了很长时间，从所有权出现开始。

Kaye, what does this mean for pension funds and sovereign wealth funds and other funds that invested in private markets?

凯伊，这对养老基金和主权财富基金以及其他投资于私人市场的基金意味着什么？

I'm not sure what the private market is.

我不确定私人市场是什么。

The techno beatlessness is now spreading to the private markets.

techno beatlessness 现在正在蔓延到私人市场。

Investors' reticence is having an effect on valuations in private markets.

投资者的沉默正在影响私人市场的估值。

The performance of private markets is also being closely scrutinised.

私人市场的表现也受到密切关注。

This pile of debt consists of leveraged loans and borrowing from private debt markets.

这堆债务包括杠杆贷款和来自私人债务市场的借款。

So mostly in the private market well, they can get excess insurance above that.

因此，大多数在私人市场上，他们可以获得高于这一水平的超额保险。

Have you been able to see any clear changes in the private markets yet?

您是否已经能够看到私人市场的任何明显变化？

I'm here to give a little primer on something called the private credit market.

我来这里是为了简单介绍一下私人信贷市场。

Now, investors in private markets typically do get quite a lot of information, but it is not widely available.

现在私人市场的投资者确实得到了相当多的信息，但这些信息并不广泛。

The stockmarket crash this year will take months to wash through private markets.

今年的股市崩盘将需要几个月的时间才能冲刷私人市场。

But journalists did begin to see and hear reports of companies getting into this private spy market.

但记者确实开始看到和听到有关公司进入这个私人间谍市场的报道。

And what Chris told me is that the lenders in the private credit market are investment funds.

克里斯告诉我的是，私人信贷市场的贷款人是投资基金。

The private market can easily mobilise capital like that.

私人市场可以很容易地调动这样的资本。