Seduced by Private Markets: Why Democratization May Not Be Best for Investors

The push to “democratize” private markets is not about giving retail investors better opportunities; it is a corporate strategy by asset managers to bypass the race to zero in public markets and recover profit margins. This is a fundamental mismatch, attempting to force illiquid, opaque, and hard-to-value assets into a public fund structure built for liquidity and transparency, ultimately shifting new and significant risks onto the individual investor. READ MORE