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Laxman Pai, Opalesque Asia: According to a survey by Adams Street Partners, global financial advisors cite growing client demand for private market exposure, with 92% expecting the asset class to outperform public markets over the long term.
In turn, more than two-thirds (67%) anticipate an increase in the percentage of clients with an allocation to the asset class over the next three years, said its inaugural Advisor Outlook titled "The Rise of Private Wealth in Private Markets".
While the complexity, limited access, and tax reporting preferences have historically limited private market participation, advisors report meaningful progress in addressing those barriers. Structures such as semi-liquid evergreen funds and digital platforms, along with an increasingly favorable regulatory environment are expanding the reach of private investments, said the report that presents insights from over 100 financial advisors across North America, Europe, and Asia.
As a result, the wealth management market has emerged as a significant and fast-growing source of private market capital. Individual investors account for about $2.7 trillion, or one-fifth, of the $14 trillion in private market assets under management, according to Morgan Stanley. This is projected to rise to 37% within five years, signaling a profound shift in capital flows and a growing democratization of private market investing.
As per the survey, more than 65% of FAs stated that at least 10% of their ...................... To view our full article Click here
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