US tariff surge to 100-year high disrupts private markets recovery as exit drought persists despite macro support.

Private wealth investors currently allocate just 3-5% to alternatives compared to 20-50% for institutions, representing a massive untapped opportunity that could reshape the entire asset management industry over the next decade. Peter Aliprantis, Partner and Head of Private Wealth Americas at EQT, argues that evergreen structures and improved investor education will drive this transformation.

Private equity is experiencing a fundamental shift as specialized firms demonstrate that focused expertise can drive superior returns while building scalable wealth management businesses. Martina Sanow, Partner and Head of HG Wealth at the $85 billion software-focused private equity firm HG, reveals how a European specialist has built one of the continent's most successful evergreen fund strategies.

Private markets are experiencing a structural shift as evergreen fund structures democratize access to previously exclusive investments, with industry veterans warning that despite rapid growth, the space remains in its early innings.

Private markets have become essential for modern portfolio construction as public companies have declined substantially over the past decade and interesting innovation increasingly happens on the private side, yet wealthy individuals remain dramatically underallocated to alternatives compared to institutions.

Private credit has exploded from a niche post-financial crisis strategy into a nearly $2 trillion asset class, but the market is rapidly diversifying beyond traditional direct lending as institutional allocators become more sophisticated and seek higher returns. Industry leaders warn that the days of simple sponsor-backed deals dominating the space are ending, with asset-based lending, evergreen fund structures, and non-sponsor opportunities creating new white space for manag

José Luis González Pastor, Managing Director at Neuberger Berman covering private markets and co-investments, spoke on that Fund Shack podcast from the SuperReturn Conference in Berlin about the current state of private equity in 2025. González Pastor identifies a significant liquidity crunch gripping private markets, with deal-making activity stalling due to political and macroeconomic uncertainty despite initial optimism for 2025.

Cesar Estrada, private markets head at Arcesium and former State Street executive who managed $1 trillion in assets, warns that alternative asset managers face a critical technology bottleneck as they diversify beyond traditional strategies. Speaking on the Alt Goes Mainstream podcast, Estrada argues that firms expanding into evergreen funds, wealth management, and asset-based finance are hitting operational walls that threaten growth.

PitchBook's "2029 Private Market Horizons" report forecasts global private capital assets under management (AUM) will reach $24.1 trillion by 2029, up from nearly $19 trillion today, reflecting a more moderate 5.2% annual growth rate compared to the rapid expansion of the previous decade.

Ted Seides interviews Michael Sidgmore, co-founder of Broadhaven Ventures and creator of the Alt Goes Mainstream podcast, about the massive shift of private wealth into alternative investments. Sidgmore, whose career spans Goldman Sachs, iCapital, and fintech ventures, explains how individual investors are following institutions into alternatives but at an accelerated pace.

Wealthy individual investors are pouring money into "evergreen" private equity vehicles, allowing large institutional investors to sell their fund stakes at higher prices despite the private equity industry's ongoing slump.

Hamilton Lane expands its $10B+ AUM Evergreen Platform with a new VC and growth fund for accredited U.S. investors.

In Brief: Alisa Wood, KKR partner and co-CEO of KKR Private Equity Conglomerate LLC, discusses the firm's pioneering work in evergreen...

Private equity firm EQT released its Q1 2025 earnings, reporting solid fundraising momentum and investment activity despite increasing global economic uncertainty and concerns about potential impacts from US tariff negotiations.

Private markets accessibility hits "iPhone moment" as BlackRock and Partners Group launch model portfolios designed to simplify advisor implementation.

Julius Baer's private markets strategist explains PE's uphill battle to tap high-net-worth capital as institutions reach allocation limits.RetryClaude can make mistakes. Please double-check responses.

Hamilton Lane launches a new evergreen secondary fund for U.S. accredited investors, expanding access to private markets investments.

Control over underlying assets - not just manager selection - now defines evergreen private equity performance potential.

Private markets undergo historic transformation as managers pivot to evergreen structures, unlocking massive private wealth opportunities.