Everyone is talking about evergreens.
Alt Goes Mainstream has collaborated with iCapital and Co-Founder & Managing Partner, Head of Portfolio Management Nick Veronis to dive into the evergreen question with some of the leading practitioners in private markets.
This three part series with industry experts from Vista Equity Partners, KKR, and Hamilton Lane shines a light on one of the fastest-growing areas in private markets and its impact on the wealth channel.
The three part series features:
Vista Equity Partners Managing Director, Global Head of Private Wealth Solutions Dan Parant.
KKR Managing Director, Head of Americas, Global Wealth Solutions (GWS) Doug Krupa.
Hamilton Lane Managing Director, Co-Head US Private Wealth Solutions Stephanie Davis.
Please enjoy the second episode of the series as Nick and I talk with KKR’s Doug Krupa.
Show Notes
00:23 Guest Background and Early Career
01:12 Fascination with Private Markets
02:02 Union Pension Insights
03:01 Making Private Markets Accessible
03:30 Building Innovative Solutions
03:58 Wealth Channel Experiences
04:21 Challenges in Private Markets
05:03 Solving Pain Points
05:46 Partnership with KKR
06:41 KKR's Commitment to Wealth Channel
07:56 Conglomerate Model Explained
08:46 Evolution of Wealth Channel Products
09:36 Delivering Investment Experience
10:48 Maslow's Hierarchy of Needs in Wealth Channel
12:04 Access to Private Markets
14:32 Evergreen Structures vs. Closed-End Funds
19:39 Investor Behavior in Evergreen Structures
20:15 Rapid Adoption of Evergreen Strategies
23:43 Educating the Industry on Evergreen
29:08 Private Markets vs. Alternatives
31:50 Future of Private Markets
32:40 Market Structure Evolutions
32:55 Partnerships and Hybrid Products
33:20 Retail Investors and Model Portfolios
33:33 Simplifying Private Market Investments
34:12 Core Allocation in Private Markets
36:19 Dominant Players in Private Markets
37:29 Pools of Capital and Retirement Accounts
37:52 Differentiated Product and Content
38:13 Commitment to Innovation
38:26 Evergreen Thought on Private Markets
39:26 Disruption in Private Markets
39:32 Industry Evolution and Rapid Changes
39:40 Private Credit and Asset Classes
40:05 Big Players and Market Education
41:51 New Partnership Models
42:33 Institutional Style Pricing
42:59 Product Innovation and Technology
43:50 Conclusion and Final Thoughts
43:59 Disclaimer and Legal Information
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