How the intersection of wealth management and private assets resumes global investment

We cannot fully understand this growth, or its impact on global finance, without considering how the transition to private assets has met with other key investment trends – in particular, the expansion of the wealth management industry.

For the prospect: global assets under management (AUM) on the wealth market reached 159 billions of dollars in 2024, after having increased by 20% in the previous five years, according to the Natixis Wealth Industry Survey.

As for private assets in particular, Pitchbook has planned that AUM held by general partners (GPS) will increase from $ 18.7 billions to $ 2024 to 24.1 Billions of dollars by the end of 2029.

These two trends were motivated by different factors, but they also overlapped with each other significantly.

Indeed, wealth management began to support the expansion of private assets, and vice versa, although wealth managers and general practitioners still need additional tools and transparency to maximize their alignment.

In a recent MSCI-Wealth survey, for example, 82% of wealth managers worldwide said they expected more important benefits to private assets over the next three years.

Heritage managers have been attracted to private credit, in particular because it can allow them to diversify fixed income portfolios while offering a potential premium compared to traditional queues. (Private credit has historically shown low correlation with shares and bonds.)

The floating rate structure of private credit funds can also support coverage strategies, in particular during an increase in inflation or increased interest rates.

More broadly, wealth managers must deliver highly personalized portfolios for their customers, and private credit allows significant personalization of investment objectives and borrowing conditions, including interest rates and amortization calendars.

To this end, new private investment vehicles can help wealth managers provide their customers with greater accessibility and liquidity.

However, wealth managers also recognize that this private credit revolution will not occur without a higher level of transparency on the part of general practitioners on liquidity and risk.

In the general survey on the general partners of the MSCI 2025, 57% of the small general practitioners declared having difficulties with the precision of the data and the problems of credibility, while 94% of all The GPS said that portfolio management solutions were at least somewhat important for their operations.

Since private companies and funds are not faced with the same disclosure requirements as listed companies, investors tend to have less information on their financial structure, commercial activities and operational performance. These gaps have long hampered the growth of private assets in investor portfolios.

However, over the past decade, accessibility and quality of data on the private market have regularly increased, thanks to advanced technology and models, and investors have now had more clarity around private assets than they have done in recent years.

However, the challenges persist because the private markets remain intrinsically opaque.

Above all, wealth managers and other investors need objective assessments of private credit risks in the sense of what they have for public actions.

These independent risk assessments would help promote greater confidence in the asset class, in particular given its non -liquid nature.

They would also help promote specific private credit assessments so that the actions of the underlying funds can exchange in a credible manner.

Reliable and standardized prices would be a critical breakthrough that could accelerate private credit growth in the regions.

For the moment, despite a slowdown in fundraising on the private market last year, the so -called dry powder for private credit – a capital that has been hired but not yet allocated – “held relatively stable”, according to MSCI Research.

Put all this together, and the biggest history is that wealth managers and general practitioners rewrite the rules of the way money moves in the world.

By expanding the world of investable assets while unlocking new large -scale personalization opportunities, they feed an increase in innovation that has repercussions in the global financial system.

The opinions expressed in the Fortune.com comments are only the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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