In a blockbuster third-quarter earnings report, the asset management giant said it took in net inflows of $205 billion, beating expectations.
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Some lawmakers are questioning whether the majority of demand is coming from investors or the industry.
Spikes in market volatility and negative alternative-asset headlines have driven redemption requests past quarterly limits for major managers.
With its newly consolidated alternative investments platform, Goldman is catering to the demands of high-net-worth customers.
Advisor allocations to alternative investment products are expected to roughly double in the next five years to more than $4 trillion.
As many private market firms struggle to sell assets to return cash to their eagerly waiting investors, KKR’s profits soared in the Q2.
A new proposal would recognize clients as accredited investors, but some advisors have doubts.
A new report from Morningstar found that the drivers of investor interest have shifted noticeably over the past year.
The group limited withdrawals to 5% at its flagship private equity fund after second-quarter redemption requests reached nearly 10%.
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.