BlackRock and State Street Global Advisors have announced initiatives to widen investor access to private markets, as an additional $1 trillion in retail assets could be invested in alternatives over the next five years. Henry McVey, chief investment officer of KKR’s...

Funds asking for more detailed information, asset manager says Regulators want more accountability, consistency: ASIC Australian pension funds are tightening scrutiny of their private assets as regulators raise more questions about disclosure and valuations, according...

Brookfield Asset Management plans to launch a private equity product tailored to rich individuals as the firm expands further into retail wealth. “We did it in credit, we did it in real estate, we did it in infrastructure, and now we’re doing it in private...

CBOE Private Markets registered an alternative trading system London-based Globacap to provide technology for new venture CBOE Global Markets Inc. is partnering with a London-based tech firm to create a US trading platform for shares of closely held companies, a...

‘Discounts are starting to stabilize,’ CIO Puffer says PJT forecasts secondaries may hit record $145 billion in 2024 Smaller investors are beginning to test the secondary market for private equity holdings, providing greater stability to pricing, according to...

Texas Municipal Retirement System is hiring three investment staff as it looks to expand direct investment capabilities in private markets, according to Yup Kim, chief investment officer of the $40 billion pension fund. Philip Hunter O’Brien will join as a managing...

ASIC says more investors becoming exposed to private markets Australia regulator outlines strategic priorities in report Private markets in Australia are hiding potentially large risks to a growing number of investors amid their rapid expansion, making them a key...

Salim Ramji took over as firm’s first-ever outsider CEO The new chief has no plans to try to take Vanguard public Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into...

Mercer Advisors is launching a new platform for clients with at least $5 million in investable assets as it pushes further into a hot corner of the finance world. Mercer Advisors, which manages roughly $60 billion in assets across more than 30,000 families, is pushing...

Unit to offer private shares to accredited investors Valuations of private firms like OpenAI, SpaceX have jumped Morgan Stanley’s wealth management arm is giving its clients a chance to buy and sell coveted shares of private companies before they are available to the...