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Retail Investors
Surveys show firms are increasingly split between building the infrastructure needed to serve wealth investors or doubling down on institutional fundraising.
As regulators weigh broader access to private assets, advisers face new challenges around valuation methodology, transparency and investor protection.
Most private funds managers will stay away from retail investors. But all private funds managers will deal with the consequences of retail’s migration into their industry.
Rising redemptions and fund-level gates are exposing the limits of semi-liquid structures, especially among retail investors.
Adams Street survey finds an expectation of growing allocations from individual investors despite limited awareness of private equity and credit structures.
Jonathan Epstein has spent more than a decade pushing, pulling and pleading to allow retirement savers to invest in private funds. On the eve of a world-shaking rulemaking notice, he shares his thoughts on how we got here, and where we go next.
GPs must prepare for hidden industry-wide effects of expanding retail funds, from shifting allocations to liquidity stress.
Middle-office operating models need to be overhauled to deliver the increasingly frequent valuation reporting that retail investors require, say 73 Strings’ Yann Magnan and EY’s Omar Mahmoud.
Colleen Fay, practice leader at Withum, explores how private wealth and RIAs are reshaping private equity capital growth.
Both the SEC and the Republicans on the Hill argue for retail investor access to private funds, but hopes remain tempered by political and legal realities.