Real Assets Adviser’s Post

The world of private equity is shifting. Barron’s recent deep dive estimates that private equity assets could reach $12 trillion by 2028, and a big part of that growth? It’s coming from high-net-worth individuals (HNWIs) and family offices stepping up their interest in private markets. In the past, this asset class was almost exclusively dominated by institutions, pension funds, endowments, and the like. But as volatility in public markets rises, more HNWIs are exploring alternatives for diversification, steady returns, and frankly, something they feel they have more control over. Private equity has this appeal, it offers long-term value creation that doesn’t hinge on the daily swings of stock prices. What’s exciting is how private wealth investors are no longer held back by the barriers that once defined private equity. New structures and platforms (the likes of which we’re heavily involved in at Mara) have made it simpler and more tax-efficient for HNWIs to access these investments. Friends and family pools, for example, are becoming much more than just personal networks—they’re evolving into structured, compliant pathways that offer access to top-tier private equity funds. From where I sit, this shift is also driven by a generational change. Today’s investors are looking for more than returns; they want flexibility, transparency, and efficiency in how they invest. Traditional private equity structures don’t always align with those expectations. That’s where more tailored solutions—like the SPVs and feeder structures we focus on—come in. They’re designed not just to simplify the investment process but also to offer a direct line into these opportunities, without the administrative burdens typically associated with large fund entry requirements. It’s interesting to consider: will this #retailisation of private equity fundamentally change the sector? Will it push private equity firms to rethink how they engage with investors beyond the institutions they’re used to? For me, it’s an exciting trend to watch—and to be a part of. https://lnkd.in/eJ5UtTdP #PrivateEquity #AlternativeInvestments #PrivateWealth #InvestmentEvolution #PrivateMarkets #MaraInvest

Private equity is on track to more than double its current assets, reaching an estimated $12 trillion globally within the next six years, according to Preqin. This growth will be driven largely by individual investors, as wealth managers, family offices, and private banks increasingly step into the space. Historically, private equity has been dominated by institutional investors like banks and pension funds, but the landscape is changing. Key drivers of this shift include: - High returns with lower volatility - Diversification from public markets - Increased participation in private companies as IPOs slow Full article linked below ⬇️ https://lnkd.in/dA72PCA2

Cambridge Associates (CA) today announced an agreement to acquire SIGLO Capital Advisors AG (SIGLO), a Zurich-based alternative investment specialist. The transaction is subject to authorization from the Swiss Financial Market Supervisory Authority (FINMA) and is expected to be completed in autumn 2024. The acquisition adds a highly complementary alternatives business to CA’s existing private investment platform. #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance