At a glance
- Advisors and alternative asset managers remain bullish, but the discussion has moved from "democratization" toward operational, educational and liquidity challenges.
- A spike in redemptions at some evergreen private credit vehicles weighed on flows, though it has not entirely dimmed interest in the asset class.
- Advisors fielding pre-IPO access requests face a due diligence task: several panelists cited special purpose vehicles that bypass broker/dealer registration.
Sessions at RIA Edge Private Markets in Austin this week focused on implementation hurdles for private assets in client portfolios, WealthManagement.com reported on Nov. 11. Advisors and alternative asset managers remain bullish, but the discussion has moved from "democratization" toward operational, educational and liquidity challenges. Operational problems persist despite heavy spending on private-market technology.
On the equity side, panelists said 80% of private firms never go public and 87% of firms with $100 million in revenue are private. A spike in redemptions at some evergreen private credit vehicles weighed on flows, though it has not entirely dimmed interest in the asset class. VanEck's Christian Munafo said recent tech IPO investors "did not do well."
Advisors fielding pre-IPO access requests face a due diligence task: several panelists cited special purpose vehicles that bypass broker/dealer registration.
Reported by the RIA desk from WealthManagement.com. Published . Corrections