The Democratisation of Private Equity

Brookfield builds up team dedicated to 401(k) opportunities

The listed giant's private wealth capital-raising grew 40% last year.

Hong Kong nears welcoming its first listed PE issuer

The territory's financial watchdog has met with over 30 entities so far and is working with several advanced applicants on potential listings.

Side Letter: ‘Not zero’ targets

In today's edition: The SEC commissioner makes the case for PE allocations in retail portfolios; Another mega-CV closes; ESG, DEI become less of an operational priority on both sides of the aisle.

About this page

Private equity is coming down market. From trillions of dollars held in defined contribution pension plans, to high-net-worth and mass affluent markets, to individual investors, untapped pots of capital are waiting to be put to use. On this page you’ll find our latest insight into how the private equity investor base is evolving and what this means for the asset class.

THE LATEST

Two business people stand before several graphs and maps of the world, for the Private Markets 2030 Public Markets theme

Modelling public-private exposure

Do customisable models incorporating both public and private markets exposure represent the next step in the democratisation of alternatives?
Jon Gray, Blackstone

Blackstone leans into targeted advertising, partnerships as it doubles down on retail

‘I don’t expect a Blackstone stadium any time soon,’ president and COO Jonathan Gray says on the firm's Q3 2025 earnings call.

Side Letter: Private markets to the masses

The latest in our Private Markets 2030 series examines the challenges to raising non-institutional capital. Plus: Why secondaries returns are under greater pressure than ever before. Here's today's brief, for our valued subscribers only.
A crowd of people in a futuristic place, with one person in the foreground on the phone, for the Democratisation & Transparency theme in Private Markets 2030

Market sentiment towards retail opportunities heats up

Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.
A person is reading their phone while sitting in front of a laptop

How tech could drive the next wave of democratisation

Further technology advances are required to truly unlock the potential of the private wealth market.
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