In our latest white paper with BCG titled Capturing Wealth Management’s $3 Trillion Private Markets Opportunity, we take a closer look at how private markets are going mainstream — and why that matters for wealth managers right now. It’s a $3 trillion shift that brings big challenges, but even bigger opportunities. Read on to see what’s next for the industry. The key insights from the report are:

• ‍Technology is critical to scale: Without digital infrastructure, offering new private market products typically requires multiple new hires per fund. Platforms reduce onboarding time by up to 70% and eliminate redundancies across legal, compliance, and fund administration.

• Lifecycle integration is non-negotiable: From capital calls to client reporting, wealth managers must automate and integrate private markets across advisory, operations, and infrastructure to meet rising demand and regulatory expectations.

• Revenue growth and client stickiness: Private markets generate 20–40% higher RoA for wealth managers, with longer lock-up periods increasing client lifetime value. Digitisation lowers churn and enables personalization at scale.

• Europe and Asia are catching up: With new frameworks like ELTIF 2.0, individual participation in private markets is set to rise significantly, creating untapped growth for firms that can navigate complexity and localize distribution.

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Download the full report to the right.

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