News & Events

Partners Owen Lysak and James Board were quoted in a Private Funds CFO article titled, “Finding a Path for the Democratization of Private Markets,” which discussed the democratization of private markets in Europe. When commenting on the difference between the U.S. and European markets, Owen observed, “In the U.S. we see this big, registered fund market, with a well-established process and vehicles for accessing retail, by which we mean the mass affluent. Historically, we have not had the same in Europe, but Europe has really been trying to develop that and a lot of sponsors are looking at how to take what they have done in the U.S. and replicate it here.” James went on to discuss the commitment required from fund managers to develop such products. He noted, “When sponsors are thinking about raising these products, the distribution channels are really different to their usual closed-end offerings. The focus is about working with distributors and wealth platforms and the relationships you build with those intermediaries, rather than going out there and distributing to the underlying investors directly.”

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