Asset managers assess distribution model as majority target wholesale private markets push

Client consolidation challenges

Asset managers are assessing their private markets distribution models, as 72% suggest they intend to push the asset class through their wholesale networks, aiming to capitalise on what they consider the “highest prospective growth area”.

According to Magellan Advisory Partners' Distribution Barometer 2024, which surveyed more than 80 client group heads across firms ranging from less than $1bn to greater than $1trn assets under management, the appetite for private markets is not likely to subside over the coming year. While private equity is likely to pivot towards secondaries, taking advantage of liquidity issues facing LPS and GPs, infrastructure debt offers "steady returns" in a relatively uncorrelated fashion. Deep Dive: FCA private market review a 'wake-up call' for asset managers However, only 38% of responden...