12.17.25

Private Markets Interest Accelerates Among RIAs

by: Tracey Longo

Wealth managers are increasingly investing in private markets, drawn by higher returns and more efficient vehicles, according to a study by With Intelligence, a subsidiary of S&P Global. In the past year, 266 firms deployed over $283 billion across private credit, private equity, real estate and infrastructure, signaling a shift from testing to committed allocations. Interest is strongest in private credit, particularly specialty finance and direct lending, while private equity and infrastructure also gain traction. Wealthtech platforms and semi-liquid structures, such as interval and evergreen funds, are simplifying access, enabling broader adoption. Despite growth, challenges remain, including investor education, liquidity, valuation transparency and fees.

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