Semi-liquids

Panellists at a wealth conference in London cited inadequacies around data sharing, particularly during the due diligence phase.

Early results from an ILPA survey suggest LPs are ready to draw a line in the sand when it comes to investing with managers chasing retail capital.

The pain caused by compounding uncertainty will likely catalyze another stream of secondaries, which LPs say they’re clamoring for.

Brookfield, which recently announced an evergreen fund structure aimed at wealthy investors in Canada, now plans 'to set up similar strategies for other global jurisdictions and markets,' sources told Buyouts.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

The industry needs to work alongside regulators to come up with parameters for the more efficient set-up of semi-liquid funds, according to ALFI conference panellists.

Opening private markets to retail investors comes with specific challenges around structuring and tax in Europe, write PwC’s Frida Karlsson and Femke van der Zeijden.

Our latest Deep Dive examines how LPs are adjusting policies to invest in the hot defence sector. Plus: ex-Investcorp PE head's new firm; and the intriguing concept of private equity derivatives. Here's today's brief, for our valued subscribers only.

Dispatches from IPEM in Paris last week. Plus: a UK foundation is losing its private markets director; and secondaries continues to gain ground among family offices. Here's today's brief, for our valued subscribers only.