HNWIs

Managers need to ensure access points are right and educate individuals about the terms and structure of private markets funds, says BlackRock alternatives chief Edwin Conway.

The move comes a week after a Bain & Co report found low levels of brand awareness of alternatives firms among HNWIs.

Blackstone, Carlyle and KKR gathered significantly more capital for private credit than for private equity last year, according to full-year earnings reports.

The fundamentals of the private equity model will come under the microscope as access to the asset class broadens.

Demand for private wealth investment is growing at breakneck speed. At the head of this expansion sits Blackstone’s Joan Solotar, whose plans for the investor base could see it become one of private equity’s biggest sources of capital.

Several of PE's largest firms have made real strides in expanding access this year, though questions remain over whether individual investors are being adequately educated.

Investor safety is front of mind for all regulators and firms have to ensure clarity and transparency in retail offerings, PEl’s Women in Private Markets Summit has heard.

The PE giant recorded $950.9bn of assets as of 30 September, rising 30% year-over-year, as it reels in nearly $50bn of inflows across strategies in the quarter.

The Swedish firm is in market with its 10th flagship fund, which held a €15bn first close in August and has a target of €20bn.

S64 expects its AUM to reach at least $5bn by next year as it expands across financial hubs in EMEA, Asia and Australia, according to founder Tarun Nagpal.