Core Insights - In 2026, private wealth investors are expected to increase allocations to private market investments, driven by portfolio optimization [1][2] Private Markets Allocations - 86% of private wealth professionals plan to increase private market investments this year, with 97% currently allocating between 1-20% of their business to private markets [2] - The allocation breakdown includes Private Equity at 19%, Private Real Estate at 18%, Private Credit at 16%, Venture Capital & Growth at 16%, and Private Infrastructure at 15% [2] Client Interest Drivers - Performance and diversification are ranked as the top reasons for investing in private markets by advisors [3] Risk Perception - 83% of respondents do not view private markets as riskier than public markets, with many perceiving a similar risk/reward profile or a higher reward potential [4][8] Venture Capital Interest - Venture Capital & Growth is highlighted as a favored strategy for 2026, with 47% of respondents planning to increase allocations to this area [5][9] - More than half of the respondents indicated that Venture Capital & Growth resonates most with new, highly engaged investors [5] Education's Role - 81% of wealth professionals believe that client education significantly boosts interest in private markets, emphasizing the need to address knowledge gaps [9] Additional Findings - 46% of respondents plan to increase allocations to Infrastructure in 2026, closely following Venture Capital & Growth [9] - Hamilton Lane's Evergreen Platform manages $15 billion in assets under management, serving thousands of advisors [7]

Group 1 - The global assets under management (AUM) for asset managers reached a record $147 trillion in June and is expected to break records for the full year [1] - Fundraising for private market investments has fallen to its lowest level in eight years, with global private market fundraising declining to $1.1 trillion in 2024, the lowest since 2017 [4] - There is a growing interest from retail and high-net-worth investors in evergreen and semiliquid funds, which reached $348 billion in AUM last year with inflows totaling $64 billion [5] Group 2 - Semiliquid funds' AUM could grow 12-fold to $4.1 trillion over the next five years, with retail investors projected to account for over 40% of that AUM [2][7] - In 2024, there were 455 semiliquid funds in the market across the U.S., U.K., and Europe, with total AUM of $349 billion [7] - Private wealth investors, defined contribution plan participants, and insurance plan participants accounted for 80% of net flows last year [3] Group 3 - The private equity and real estate sectors have seen a notable decline in fundraising, while private credit and infrastructure investment strategies are benefiting from rising interest rates and inflation [4] - Retail investors currently have access to only 8,274 private companies globally, while the total market is 28 times larger, indicating a significant opportunity for semiliquid funds [6] - Asset managers that successfully blend public and private market exposure through semiliquid funds and public/private model portfolios are expected to benefit the most from current market trends [5]