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  "documentTitle": "2023 global pe report   roadshow deck",
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      "text": "Individual investors hold roughly 50% of the estimated $275 trillion to $295 trillion of global assets under management (AUM). Yet those same investors represent just 16% of AUM held by alternative investment funds.",
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      "text": "AUM: 50%",
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      "text": "There is strong motivation on all sides to push the ball forward. Many of the largest alternative managers have launched funds providing high-net-worth individuals access to various alternative asset classes. Banks and advisers are exploring ways to add more alternative offerings for clients. And the fintech ecosystem is fast developing tools and solutions that could streamline distribution and make it more affordable.",
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      "text": "It’s hardly mysterious that private equity sees individual investors as the next great growth engine. The opportunity can be captured in two numbers: 50% and 16%. Individual investors hold roughly 50% of the estimated $275 trillion to $295 trillion of global assets under management (AUM). Yet those same investors represent just 16% of AUM held by alternative investment funds (see Figure 1).",
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      "text": "What’s clear amid the experimentation, however, is that there’s nothing easy about it. Fund managers, financial advisers, and individuals all face a steep learning curve in making these new channels work at scale. When Blackstone met with significant redemptions in two groundbreaking retail funds last year, it highlighted the complexity of managing a large group of investors with very different liquidity",
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      "text": "Retail investors account for half of all wealth globally. No wonder alternative funds have them in their sights.",
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      "text": "This vast, untapped market has become increasingly attractive to alternative asset managers seeking to sustain double-digit growth even as the industry matures. The reverse is also true: Wealthy individuals (not to mention their advisers) are increasingly drawn to alternative investments as they look for new diversification options and better returns than they can get in the traditional markets for public equity and debt.",
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      "kind": "paragraph",
      "text": "By Or Skolnik, Markus Habbel, Brenda Rainey, Alexander De Mol, and Isar Ramaswami",
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      "kind": "title",
      "text": "Why Private Equity Is Targeting Individual Investors",
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