There are ultra-low interest rates (real interest rates are probably negative); this is leading to certain asset bubbles – particularly in real estate and public equities.

该地区利率极低（实际利率很可能为负值），这必将导致资产泡沫，特别是在房地产和公众持股领域。

youdao

new issues of bonds and equities are increasingly made via private placements rather than public offerings.

越来越多的新发债券和股票被非公开配售而非公开发售。

youdao

But public equities still have their place and I'm actually pretty bullish on public equities in emerging markets.

FORBES: Transcript: Jerome Booth

Often public equities are actually more risky in some senses than private equity where you might have more control.

FORBES: Transcript: Jerome Booth

Prior to its partnership with the U.S. government, Yorkville largely made private investments in public equities, also known as PIPEs.

FORBES: Penny Stock Hedge Fund Firm Got Government Rescue Loans