Adam Le
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 tariffs turmoil is exacerbating the trends and challenges facing private markets, creating a 'fantastic time for secondaries', says XIG global head Michael Brandmeyer.
The growing differentiation between countries, regions and asset classes is both a point of attention and a source of opportunities, says Isabelle Scemama.
There are countless private markets firms that need a partner to help them grow in an era of scare alpha and capital, says Arctos managing partner Ian Charles.
Paul Sanabria and Jeff Hammer joined the asset management unit of Canada's largest insurer in 2019 and have overseen its debut GP-led fundraise.
The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.
On the back of the firm's $3.4bn raise for its latest real estate secondaries fund, Harold Hope, global head of Goldman Sachs's Vintage group, says a major repricing of assets is presenting more attractive entry points for buyers.
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
Investing in private debt fund stakes and assets would be a natural extension for the firm, says Goldman's wealth and asset management CIO Julian Salisbury.
Investing in private debt fund stakes and assets would be a natural extension for the firm, chief investment officer of wealth and asset management Julian Salisbury tells Secondaries Investor.