Private Markets for Wealth: Insights from 11,000+ Funds
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Private assets can potentially offer portfolio diversification and risk mitigation benefits — but allocating to them requires a long-term horizon and an ability to carefully manage liquidity to meet unpredictable cash flow needs. A foundational guide for wealth managers seeking to increase private market exposure, this data-based report explains what makes private assets different from public equities. It offers a detailed look at the strategies and fund structures in the space, as well as the mindset required to build an allocation — told through the lens of advisers accustomed to public markets.
This report seeks to help you answer key questions such as:
- How do I choose a strategy and fund structure that fits my clients’ goals?
- How can I plan for capital calls, liquidity needs and performance dispersion over time?
- What’s the difference between IRR and other return metrics — and how do I interpret them?
This exhibit illustrates that full allocation typically takes years, with private credit ramping up faster than private equity.
Source: MSCI Private Capital Universe, as of December 31, 2024.
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The content of this page is for informational purposes only and is intended for institutional professionals with the analytical resources and tools necessary to interpret any performance information. Nothing herein is intended to recommend any product, tool or service. For all references to laws, rules or regulations, please note that the information is provided “as is” and does not constitute legal advice or any binding interpretation. Any approach to comply with regulatory or policy initiatives should be discussed with your own legal counsel and/or the relevant competent authority, as needed.