“In those marketplaces where only the gold and silver medal count, you need to have a process that makes sure you're in the gold and silver medal positions.”

– Operations Executive, Global Private Markets Manager

“There's an intensifying competition in every private market asset class. It’s basic economics, if the level of competition intensifies, then fee rates tend to come down. Then you've also got the client sophistication curve and consultant learning curve happening in parallel. So as they become more sophisticated buyers in a more intensively competitive market, there's only one outcome.”

– Operations Executive, Global Private Markets Manager

“Wealth is seen as the next holy grail for asset management. But it’s a different marketplace, different buying behaviours from the private banks and their end clients…it's a labour-intensive distribution channel.”

– Operations Executive, Global Private Markets Manager

“I think the combination of discounted valuation multiples and diversification to reduce reliance on the US, where policy has become unpredictable, are probably what's driving the shift in allocations towards Europe.”

– Managing Director, Global Alternative Manager

“The passive market is pretty saturated at this point. In order to bring out product, it needs to be fairly distinct. There's not all that many exposures that you can go after in the in the index space. So the only other market to get after that has any meaningful compound growth rates is active. And it's just a big pie, that everyone wants to go after.”

– Operations Executive, Global Public and Private Markets Manager

“We took a view outsource everything unless there's a really good reason why we shouldn't. And once you’ve made that decision, and it's quite an emotional one, but once the company is on that same footing across the piece, it's much easier to have those tough conversations with people.”

– Operations Executive, European Public and Private Markets Manager