wealth channel

“There are Many well-known institutional alternative asset managers who have now really reoriented their entire businesses around the wealth channel and the high net worth channel. Blackstone, of course, being one, Carlyle being another, KKR, but it's not limit…”

“If the packaging costs more than the alpha, then we're just selling people a bunch of really expensive beta, and that's not good. I think some firms are going to do a really great job helping bring some of the benefits of this asset class to a much broader par…”

“The institutional world, which you've covered tremendously well with capital allocators. And the wealth worlds are kind of converging. Institutions are trying to think about how they think about private markets. The wealth channel is now starting to think abou…”

“So I think there's room for really high quality, smaller, more niche managers. They're really good at something. They will be able to raise capital from the wealth channel.”

“Blackstone has a team of hundreds of people. Blue Owl, hundreds of people, KKR, Apollo, hundreds of people to serve the Wealth Channel.”

“I'd say roughly about, on average, one to three percent of the 145 trillion of assets that Bain talks about is actually allocated to private markets within the wealth channel.”

“The wires, I still think will be the largest source of flows from the wealth channel into private markets.”

“That's really the big pony here, is there's trillions of dollars in Wealth Channel Capital that is looking to flow into private markets because they're under allocated.”

“I think our co-CEO, Scott Nuttall, was on the record saying that over time, we would envision that 30 to 50% of our capital that we're raising is coming from the wealth channels.”

“Most firms like Aries expect that 40% of their capital raising going forward will come from the wealth channel. That's not our expectation, but I mean, I think if we think about sizing new capital on an annual basis, my guess is something like 20% of our forec…”

“So if you look at our roughly five hundred billion of AUM today, about Forty billion of that is from the wealth channel.”

“I think that's most of what the wealth channel today is going to get. Median, maybe median plus. Maybe you can get to top quartile with some of these funds, but at 20, twenty-five billion dollar private equity funds, it's hard to do that”

“And right around the time that started happening, the hedge fund products were pretty watered down. And the hedge fund managers saw that they were capacity constrained. They didn't want to give their best stuff. So I will give you the long book and we'll hedge…”

“There's so much knowledge, experience, attention, resources deployed to try to get at who's better. And I'm not sure the wealth channels caught up with that yet.”

“Most of the move to alternatives in the wealth channel has been in private credit.”

“Where I think there is a challenge is when all this money comes in, the one thing it does for sure is compress spreads. I don't think the people buying in the wealth channel have the right understanding of what returns they should expect. There was a pocket of…”