"The reality is we are even more optimistic, perhaps than we were, that organizations that can aggregate private positions in smaller companies are going to be one of the winners out of this crisis," James Holder, the global head of Citi's private capital group,to cater to the growing demand from its wealthiest clients for private investments, recently said by phone from London.
But interest from the ultra-wealthy in private investments has grown significantly, and over the next three to five years "we expect that a growing proportion of [assets under management] inflow will come from segments that currently are under-allocated to private markets," including high-net-worth individuals, she said in a report on Tuesday.
BlackRock execs lay out how its $1.3 billion eFront deal is setting up Aladdin to crack into a massive alternative-investment opportunity "We just see more and more convergence in this area," Mike Beattie, managing director of SEI's investment manager services division and president of it Advisors' Inner Circle Fund Trust, said in a recent phone interview.
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