On this episode of the Wealth Administration Make investments podcast, host David Bodamer sits down with Bob Lengthy, CEO and accomplice of StepStone Non-public Wealth, to discover the corporate’s method to creating personal market investments for the wealth channel.
Lengthy discusses why Stepstone has opted for evergreen funds—semi-liquid, constantly invested buildings quite than conventional drawdown funds. Such autos function simplified tax reporting, no capital calls and decrease minimums, opening entry to a wider vary of buyers.
Key highlights from the episode embrace:
- A proof for a way evergreen fund buildings present entry to buyers 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, personal fairness, and personal credit score.
- How monetary advisors are utilizing semi-liquid funds in some purchasers’ portfolios
- And extra
Join With David Bodamer:
Join With Bob Lengthy:
About Our Visitor:
Mr. Lengthy has three many years of expertise within the personal markets and has led funding groups for world corporations in each the overall accomplice and restricted accomplice roles. He has served because the CEO of two publicly traded firms targeted on increasing personal market entry for high-net-worth buyers.
