The Rise of Private Wealth in Private Markets

This report outlines the evolving landscape of private markets and the increasing access for financial advisors (FAs) and their clients. It highlights a significant shift where private markets, traditionally dominated by institutional investors, are becoming more accessible to individual investors. The report presents findings from a survey of over 100 wealth managers, indicating a strong belief among FAs that private markets will enhance portfolio performance. Key factors driving this trend include the emergence of evergreen fund structures, which reduce barriers to entry and provide liquidity. The report details that 94% of FAs report frequent client interest in private market investments, and 67% expect client allocations to increase in the next three years. Additionally, it discusses the projected growth of private market assets under management (AUM) and the role of retail investors in this expansion. The findings emphasize the critical role of FAs in guiding clients through the complexities of private markets.