Capturing Wealth Management’s $3 Trillion Private Markets Opportunity

In our latest white paper with BCG, Capturing Wealth Management’s $3 Trillion Private Markets Opportunity, we explore how private markets are moving from a niche asset class to a core pillar of wealth management — and what this shift means for wealth managers and GPs today.

As individual investors increase their allocations to private assets, firms face mounting pressure on legacy operating models, technology, and distribution strategies. This report breaks down where the real growth is coming from, what’s holding firms back, and how leading players are scaling efficiently.

Key insights from the report include:

• Private markets are going mainstream: Individual allocations are expected to grow by ~$3 trillion by 2030, driven by product innovation, regulatory change, and rising demand from HNWI and UHNWI clients.
• Technology is a critical enabler of scale: Manual onboarding, capital calls, and reporting models are no longer fit for purpose. Digital platforms can reduce onboarding time by up to 70% and materially lower cost-to-serve.
• Lifecycle integration is non-negotiable: From fund selection to post-sales reporting, private markets must be embedded across advisory, operations, and infrastructure.
• Higher revenues and stickier client relationships: Private market assets generate 20–40% higher RoA than traditional mutual funds, with longer lock-ups increasing client lifetime value.
• Europe and Asia are catching up: Regulatory frameworks like ELTIF 2.0 are unlocking new distribution opportunities — especially for firms that can navigate complexity at scale.

Download the full report to explore what’s next for private markets in wealth management.

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