Semi-liquids

In the rush to extend private markets access to new investors, the industry risks mistaking more products for better portfolios, writes John Toomey, chief executive of HarbourVest Partners.

In today's edition, A 'democratisation' expert says GPs will only get one chance to deliver; Blackstone reckons evergreen 'tests' are helpful for the industry; New Mountain wants to deepen its Korea ties.

The strategy is the firm's fastest growing unit from a headcount perspective, according to chief executive David Layton.