As money flows into private markets, how small will the GP universe get?

Industry heavyweights anticipate a wave of capital to come into private markets asset classes in the coming years – a dynamic that seems inescapable.

By Madeleine Farman

Since May last year, chatter in private markets conferences hasn’t strayed far from one overarching theme – what are the ramifications of market uncertainty?

While topics such as fundraising and managing portfolios with the backdrop of rising debt costs were discussed on the sidelines, private markets heavyweights looked to the future at the IPEM conference in Paris this week. Although there are short-term challenges, the room for growth is immense.

Partners Group executive chairman Steffen Meister detailed the drivers behind private markets’ path to $30 trillion by the end of the next cycle with the retail space playing a key role (more detail can be found in Wednesday’s Side Letter). Blackstone ’s chief executive Stephen A. Schwarzman told attendees distributors of non-institutional capital had told the firm they would “like to do $100 billion with us”, as the alternatives giant continues its private wealth build out.

Read the full story on Private Equity International here.