Democratisation

Further technology advances are required to truly unlock the potential of the private wealth market.

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

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.

Our latest Women of Influence list comes at a crucial time for gender equality. Plus: the US government shutdown may delay PE's democratisation, and an LA pension wants more non-buyout exposure. Here's today's brief, for our valued subscribers only.

The world's second-largest PE investor appears cautiously optimistic around continuation funds. Plus: Texas Municipal and Fordham University are wary of retail participation in private markets. Here's today's brief, for our valued subscribers only.

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.

Constantly raising capital and deploying quickly may shift managers’ attitudes toward deal activity, according to executives from Ardian, ICG and Neuberger Berman.