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Private Wealth
StepStone's venture and growth-focused SPRING vehicle remains a standout performer, having attracted nearly $1.7bn in subscriptions during the quarter, according to chief executive Scott Hart.
Simona Maellare discusses expansion plans, adding more retail-eligible offerings and why fragmented European rules remain the biggest barrier to access.
Evergreen funds account for about 5% of private markets NAV today, a figure that is expected to grow in the long term.
The Hong Kong multifamily office has found a sweet spot in Europe's mid-market, head of investments Vincent Au tells Private Equity International.
Recent updates from the US administration are paving the way for clearer partnership between private markets and American defined contribution capital.
The new generation of evergreen vehicles will be engineered around the asset, not just the type of investor.
Secondaries account for an average of 13% of private wealth client portfolios, according to a report from Hamilton Lane.
Individual investors are increasingly being provided with institutional-quality access to private markets, say Brett Schlemovitz, partner and president of StepStone Private Wealth, and Miguel Sosa, managing director at StepStone.
Embracing private wealth solutions can help longstanding institutional LPs as well as smaller private wealth investors, says Erwan Paugam, senior managing director and head of private wealth solutions at Ardian.
The expansion of private markets is underpinned by nuanced innovation in fund structures and sponsor partnership, say Nicole Runyan, Brad Green and Jamie Hahn, partners in the investment funds practice at Kirkland & Ellis.