As asset managers look to capitalise on the private markets revolution, the development of new funds in core private asset classes is among their highest strategic priorities for revenue growth over the next two years. However, it is also proving one of the most operationally challenging strategies to implement, according to new research from Carne Group.
Allianz X today announced a joint venture with AlTi Global, Inc, enabling it to form a strategic partnership with Allianz Global Investors to create a private markets offering for the UHNW wealth segment.
Phoenix Group, the UK’s largest long-term savings and retirement business with 12 million customers, and Schroders, the global investment manager with a GBP74 billion private market capability, have announced their agreement to form a new strategic partnership, Future Growth Capital.
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high quality data and consistent performance measurement of private capital funds and portfolios are crucial to providing clarity for investment decisions.
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years.
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions.
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