Solving the Operational Challenges of Private Markets | Ep. 43
It addresses the back-office and paperwork side of running private markets for clients, rather than allocation views. Advisors building or scaling an alternatives program may find the discussion of workflow, reporting and standardization relevant to their own operations.
Summary
By the alternatives in wealth deskIn episode 43 of Franklin Templeton's Alternative Allocations, host Tony Davidow speaks with Rafay Farooqui, chairman, founder and CEO of Subscribe, about the operational side of private markets investing. The conversation focuses on the challenges advisors face, including subscription document workflows and K1 reporting, and on why centralization and standardization are described as necessary to scaling an alternatives program. Farooqui describes Subscribe as offering an operating system that digitalizes the alternative fund investment process for managers, institutional investors, wealth managers, law firms and fund administrators.
- Operational challenges discussed include subscription document workflows and K1 reporting
- The episode argues centralization and standardization are essential to scaling an alternatives program
- Modernizing private markets infrastructure is presented as a way to reduce friction and lower costs
- The guest, Rafay Farooqui, previously founded CAIS and now leads Subscribe, which digitalizes the alternative fund investment process
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