On this episode of the Wealth Administration Make investments podcast, host David Bodamer sits down with Bob Lengthy, CEO and companion of StepStone Non-public Wealth, to discover the corporate’s strategy to growing non-public market investments for the wealth channel.
Lengthy discusses why Stepstone has opted for evergreen funds—semi-liquid, constantly invested buildings slightly than conventional drawdown funds. Such autos function simplified tax reporting, no capital calls and decrease minimums, opening entry to a wider vary of traders.
Key highlights from the episode embody:
- A proof for the way evergreen fund buildings present entry to traders usually reduce off from different investments
- A dialogue of how Stepstone makes use of the semi-liquid construction throughout a number of different asset courses together with infrastructure, non-public fairness, and personal credit score.
- How monetary advisors are utilizing semi-liquid funds in some shoppers’ portfolios
- And extra
Join With David Bodamer:
Join With Bob Lengthy:
About Our Visitor:
Mr. Lengthy has three a long time of expertise within the non-public markets and has led funding groups for international corporations in each the overall companion and restricted companion roles. He has served because the CEO of two publicly traded firms targeted on increasing non-public market entry for high-net-worth traders.
