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When I began covering private equity as a cub reporter more than two decades ago, wealthy individuals seemed like the third-string players in the broader world of fundraising. Back then, firms tended to turn to them when they didn’t have an overabundance of capital available from the pensions and endowments that served as the industry’s most valuable players in the fundraising game. Firms raising from individual investors, even the wealthy ones, often were required to navigate additional administrative and back-office functions for what were typically small amounts of capital.
Fast forward to today and how times have changed. In recent years, private-markets firms have been steadily rolling out offerings tailored to the rapidly growing private-wealth community, whose members have become the industry’s new MVPs.
In this special report on private equity’s push into private wealth, Jennifer Rossa delves into the growing popularity of some of the fund structures, including interval funds and tender offers.
Also in this report, I examine the growing presence of family-owned investment firms and single-family offices in direct deals and how
they are positioning themselves to capitalize on more recent market
turbulence.
Meanwhile, Rod James looks at a new private-investment firm being launched by Tony Pritzker and Angel Au-Yeung writes of a new fund from giant Coatue Management targeting individual investors.
We hope you enjoy this special report!
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