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Individual Investors Leaning Into Private Markets, says StepStone Private Wealth CEO

"I believe we're in the institutionalization of democratization. Simple access is old news," says Bob Long, CEO of StepStone Private Wealth. StepStone has a "meaningful allocation" towards defense tech - Long argues the sector "benefit from a secular trend." The firm also holds a "substantial position" in SpaceX. "Today you see very large enterprises that can stay private longer because they believe it benefits them," he adds.