This Month in Private Markets – Surging Demand, Expanding Access, and the Next Wave of Opportunity

Private markets are evolving rapidly, and?Templum and SoFi?are at the forefront. Our?Templum Cosmos Fund?closed?7x oversubscribed in two weeks, reinforcing demand for exclusive private market access. Building on this momentum, Templum will be making additional opportunities available for SoFi members in the coming weeks.

Beyond this,?alternative investments continue to surge. A?BNY Pershing survey?highlights growing wealth manager interest in alts despite operational hurdles, while industry leaders warn advisors must adapt to meet?NextGen investor demands. Meanwhile,?secondary markets are expanding, with?Industry Ventures?projecting the?VC secondary market to hit $120B in 2025.?BlackRock, UBS, and J.P. Morgan?all underscore private equity’s evolving role, emphasizing?liquidity solutions and diversification strategies.

With?retail fundraising for alts hitting $122B in 2024, demand for innovative access to private markets is stronger than ever.

Read on for the top stories in private alternatives investing…

Templum & SoFi Partnership Expands as Cosmos Fund Sees 7x Oversubscription

Templum’s collaboration with SoFi continues to gain momentum, with the launch of the?Templum Cosmos Fund exceeding expectations – closing 7x oversubscribed in two weeks. Building on this demand, we are entering the next phase of our partnership, offering additional opportunities to gain access to exclusive private market investments. Stay tuned for more details as we continue to transform private market investing with seamless, institutional-grade access to top-tier opportunities. Reach out to our team at [email protected] to learn more.

The New Era of Private Wealth as the Source of Capital for Alts – BNY Pershing A recent survey by BNY Pershing involving 100 US wealth managers underscores a strong and growing commitment to alternative investments among wealth managers, with allocations expected to rise significantly in the coming year. Among the wealth managers surveyed, 84% are looking to alts to diversify returns or increase return potential as two of the top factors driving their investment decisions. However, despite this momentum, operational challenges continue to slow adoption. Documentation, legal, and compliance inefficiencies are among the most pressing barriers, with 78% of respondents citing compliance-related processes as the most time-consuming aspect of investing in alts. More than half of wealth managers find legal and risk confirmations more complex than in traditional markets, while verifying investor data and manually completing subscription documents add to the administrative burden. As the alts market evolves, there is a pressing need for digital solutions that streamline compliance, automate documentation, and enhance accessibility – factors that could further accelerate growth and make alts a seamless component of wealth management portfolios.? Read more

B-D, RIA Leaders Worry Advisors Unprepared for Next-Gen Clients, Price Compression – Financial Advisor With the next generation set to inherit $50 trillion over the next decade, industry leaders speaking at a recent conference expressed concern that many advisors are unprepared to meet their evolving needs. Younger investors favor flexible pricing, tailored financial planning, and access to alternatives like private markets and crypto – yet many advisors remain hesitant to adapt. To stay competitive, firms must embrace best-of-breed automation and technology to scale new service models efficiently, incorporating dynamic pricing, alternative investments, and more personalized engagement to attract and retain NextGen clients.? Read more

The Expanding Secondary Market for Venture Capital – Industry Ventures Industry Ventures' recent analysis indicates that the total addressable market for global secondary market for venture capital is projected to exceed $120 billion in 2025. This growth is attributed to a backlog of company shareholders and limited partners seeking liquidity amid a dearth of IPOs and M&A exits. The market encompasses both direct secondaries, such as company-led tender offers, and LP interests in venture funds. Notable transactions include Canva's $1 billion+ tender, Stripe's tender at a $70 billion valuation, and Databricks' $10 billion secondary at a $62 billion valuation. Additionally, the rise of "Continuation Fund" structures, as seen with firms like Lightspeed, NEA, and Insight Partners, highlights the increasing demand for liquidity solutions in the venture ecosystem. Read more

BlackRock’s Private Markets Outlook Sees Growth Opportunities via Tender Offer Funds

BlackRock’s 2025 Private Markets Outlook underscores the growing role of private equity in wealth portfolios, highlighting the increasing adoption of tender offer funds as a key liquidity solution. With M&A and IPO activity rebounding and a more favorable rate environment, private equity is positioned for renewed growth. However, its traditional illiquidity has often been a barrier for wealth investors. BlackRock emphasizes that tender offer funds, which provide periodic liquidity – typically on a quarterly basis – are gaining traction as a flexible alternative to traditional private equity structures with extended lock-ups. As US investors continue to embrace semi-liquid private market vehicles, advisors can use tender offer funds to enhance access to institutional-quality private equity while offering greater liquidity and control over capital.? Read more

Alternatives Poised to Enhance Portfolio Resilience in 2025 – UBS Heading into 2025, the wealth management team at UBS believes that alternative investments remain a key strategy for smoothing portfolio performance and diversifying returns. Hedge fund strategies that capitalize on market dispersion, including low-net-equity long/short strategies, discretionary macro approaches, and multi-strategy platforms, offer flexibility in volatile conditions. In private markets, infrastructure investments – such as data centers and power infrastructure – can provide stable and attractive returns, while private credit continues to offer a yield premium over traditional fixed income, particularly through senior debt in the upper middle market. Meanwhile, UBS notes that private equity remains a strong vehicle for long-term capital appreciation, with value-oriented buyouts and secondary strategies standing out. Thematic PE, with a focus on software, healthcare, and climate-related technologies, also presents compelling opportunities for investors seeking exposure to transformative sectors.? Read more

Retail Alts Fundraising Exceeded Expectations in 2024

The volume of retail fundraising for alternative investments reached $122 billion in 2024, overshooting preliminary projections, according to investment banking firm Robert A. Stanger & Co. Inc. The figure was $17 billion above the previous high of $105 billion reached in 2022 and above?Stanger’s own November projection of $120 billion for the year. Stanger’s figures include fundraising totals for interval funds, BDCs and non-traded REITs. The firm does not track tender offer funds. ?Read more

?

J.P. Morgan Releases 2025 Alternatives Outlook Highlighting Investor Opportunities Amid Global Policy Shifts

According to the J.P. Morgan Asset Management 2025 Global Alternatives Outlook, secondary markets in private equity are becoming increasingly vital for strategic portfolio management. These markets offer liquidity in traditionally illiquid asset classes, enabling investors to rebalance portfolios effectively. Secondary transactions help mitigate the J-curve effect, reduce blind pool risk, and enhance diversification, says JPM. Investors can also access mature assets at attractive valuations, often at discounts to fair market value. Key drivers of growth in secondary markets include the "denominator effect", as declines in public market valuations prompt reallocation strategies, and a slowdown in distributions, increasing the need for liquidity. As the market evolves, secondary transactions are emerging as essential tools for optimizing private equity exposure and managing risk.? Read more

GP Stakes to Drive Private Market Expansion – Alternatives Watch

As data signals explosive growth in private markets, both general partners and limited partners are eager to gain exposure to top firms. In response, established players in the GP staking business anticipate robust activity ahead. ?Read more

About Templum??

Templum is a leading innovator in financial technology, delivering advanced solutions for private markets. With a focus on transforming how alternative assets are traded and managed, Templum empowers wealth advisors, institutions and investors with cutting-edge technology and unparalleled access to opportunities in the private markets. Templum operates Templum One, a purpose-built platform for seamlessly accessing and transacting private alternative investments.