The group limited withdrawals to 5% at its flagship private equity fund after second-quarter redemption requests reached nearly 10%.
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The initiative is just the latest in the alternative space as asset managers, record keepers, and even politicians do all they can to introduce the public to private markets.
Global investors are itching for access to unicorns in the convenient ETF wrapper.
Industry groups and asset managers are in favor, but advisors are weary, saying the expanded access can quickly spell trouble for clients.
Shares of major private-credit lenders are down significantly this year: Apollo has lost 26%, KKR 31%, Blackstone 30%, and Ares 35%.
The company’s new model portfolios are built primarily with ETFs or mutual funds, but they use less-liquid funds for private holdings.
To work in 401(k) plans, some private equity investments would need far more readily available cash than investors might assume.
Momentum continues among advisors, who are diversifying portfolios beyond public stocks and bonds.
If this year proved that ETFs can house almost any asset class, next year will be about putting them to good use.
Many advisors are unfamiliar with alternatives, like private assets, but model portfolios could be the perfect entryway.
Ares is a major player in the private-credit market, which is facing both a surge in popularity and mounting concerns.
The most significant benefits went to savers with bigger balances and higher contribution rates.
There are more than 1,500 active unicorns that have raised roughly $1 trillion in venture capital funding, according to PitchBook data.
As startups choose to stay private even as their valuations reach eye-popping levels, investors want a peek behind the private-market curtain.
Investors have bought and sold more than $17 billion in private company shares using the platform.
Increased regulation could hurt the potentially high-returns that make private markets so attractive in the first place.