So far, private investors in Germany have been able to invest in shares in private equity houses, for example.
(Photo: imago images/MASKOT)
Frankfurt Asset managers such as the Swiss UBS, Bankhaus Pictet or Goldman Sachs Asset Management are increasingly turning to alternative investments for wealthy customers. Private investors and family offices (wealth management of rich families) are becoming more and more important for the market. So far, however, this has been dominated by institutional investors such as pension schemes and pension funds.
The origin of this development lies in the USA, but the markets in Europe and Asia are also developing dynamically. Hartley Rogers, chairman of the investment company Hamilton Lane, says: “Foundations in the US initially achieved high returns, led by Yale University. Today there is a wide range of ‘private markets strategies’.”
This includes venture capital, private equity, private debt, and infrastructure or private real estate. “At the same time, a large secondary market for alternative investments has developed, which enables active portfolio and liquidity management,” explains Rogers.
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