Private Markets Move In
Private markets are becoming a larger, more governed part of retirement and wealth allocation frameworks—changing how advisors present alternatives and governance to clients. That trend gives planners new ways to discuss diversification and illiquidity with HNW and business‑owner prospects. (wealthmanagement.com)
Private‑market assets expanded to roughly $22 trillion in 2024, an approximate 6% year‑over‑year increase that reflects fresh capital sources entering alternatives. (privatefundscfo.com) North America held about $8.34 trillion of private capital as of June 2024, representing roughly 57% of the global total. (crowdfundinsider.com) Higher‑liquidity private vehicles—interval and evergreen funds—have grown at about a 16% annual pace since 2020 to nearly $1.5 trillion, increasing product types that can sit closer to retail and retirement allocations. (privatefundscfo.com) Distribution and access are concentrating with fintech platforms: iCapital reported surpassing $200 billion in platform assets and reaches roughly 96,000 advisors, while CAIS serves about 7,400 advisor firms that collectively oversee roughly $3 trillion in network assets. (businesswire.com) Regulatory governance tightened when the SEC adopted final rules on August 23, 2023, imposing enhanced transparency and compliance obligations on private‑fund advisers under the Advisers Act. (sec.gov) Industry surveys show adoption momentum: an Empower July 2025 survey found 68% of advisors already incorporate private equity, private real estate or private credit and 58% of those advisors would recommend such strategies within retirement plans, rising to 75% among advisors serving pension or defined‑benefit plans. (wealthprofessional.ca)
