In This Article:
(Bloomberg) -- Private markets are set to see trillions of dollars of inflows as wealthy individuals gain greater access to an industry once dominated by institutional investors, according to a senior managing director at Blackstone Inc.
Most Read from Bloomberg
“For some time, people have been asking when the democratization of private markets will hit critical momentum. That time is now,” Viral Patel, who oversees Blackstone’s private equity strategy for retail clients, said in an interview on the sidelines of the IPEM private equity conference in Cannes this week. “It’s not unrealistic to think that fund flow from individual investors into the asset class in the next 5-15 years could reach into the trillions.”
The world’s largest investment firms including Apollo Global Management Inc., KKR & Co. and Blackstone have been targeting the wealthy to fuel the next phase of growth for private equity, credit and alternative assets. While firms across the board are eyeing this relatively new investor class in unlisted assets, the vast flow of money is gravitating toward the largest players.
Blackstone’s private wealth solutions business, which was launched in 2011, now manages more than $250 billion on behalf of individual investors worldwide, across private equity, private credit and private real estate strategies.
The firm’s private equity fund for individual investors, also known as BXPE, has raised about $8.5 billion since its launch last year, according to a US regulatory filing this week.
“Individual investors globally have an average of perhaps 3% or less allocated to private markets now, although we expect that allocation number will grow and vastly expand flows into the asset class,” Patel said.
Most Read from Bloomberg Businessweek
-
Indy Pass, the Anti-Vail Seasonal Ski Ticket, Is Gaining Fans
-
What America's Tech Billionaires Really Bought When They Backed Donald Trump
©2025 Bloomberg L.P.