Mogelof: Daily Liquidity for Private Markets Erodes the Illiquidity Premium
Eric Mogelof · Eric Mogelof – KKR's Pivot to Private Wealth (Private Wealth 3, EP.446) · May 19, 2025 · at 43:49
Eric Mogeloff, Head of Global Client Solutions at KKR, addresses attempts by asset managers to wrap private market assets into daily liquid retail formats.
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“If you're going to do that, then you need to have some liquidity function, and that always is going to come at a cost. It could be an explicit cost, it could be an implicit cost, but at the end of the day, you can't magically say something that's illiquid is liquid, and if it does become liquid, then the illiquidity premium likely is going to go down or go away.”
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