HNWIs

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

Speaking at an event in Hong Kong on Wednesday, the firm's head of APAC private wealth said it is 'critical' that open-end funds are valued frequently enough to assist subscriptions and redemptions.

A flurry of recent products suggests ELTIF 2.0 is gaining traction with managers and investors alike.

The buyout firm is on a path to reach $1trn in total assets in the next five years.

Private equity’s blue-chip firms are setting their sights on Asia’s private wealth prospects – especially in Japan.

Already a prolific owner of alternatives managers via its balance sheet, global wealth manager AlTi will consider transitioning from LP to GP with the launch of a fund in this space.

Private equity needs to do more in investor and adviser education, along with creating products that address investors’ liquidity needs, according to panellists at NEXUS 2024.

Private markets products geared towards the wealthy require the same standard of care as institutional investor offerings, according to the firm’s president and COO.

Besides private credit, LUCA 1.0 is also in talks to introduce private equity secondaries, fund of venture capital funds and a private markets sports fund, chief executive Keiko Sydenham tells PEI.

Chief executive Harvey Schwartz identified the firm's wealth business as one of its key strategic objectives for 2024.