Private equity trusts are having a busy and profitable year, but the discounts on these trusts remain at stubbornly wide levels. Why is that? And what is the outlook for the sector now as we enter a period of possibly higher inflation and higher interest rates? These are the among questions that I put to Helen Steers, the lead manager responsible for Pantheon International Participation (ticker: PIP), one of the biggest and most enduring trusts in the sector, in our latest Q and A. Pantheon first came to the market in 1987 and has delivered an annualised return of just under 12% per annum in t...