Last week Bain & Co released a paper on enabling wealthy individual investors ($1m-$30m) to access private alternative assets. It estimates this group has wealth of $70 trillion with $8-$12 trillion available for alternative investments. It outlined five avenues to enable access, including at least three that involve blockchain.
Currently investment in private equity is dominated by pension funds with individuals accounting for just 16% of assets. A Bain survey found a massive appetite for private assets from high net worth individuals (HNWI). Thirty eight percent of HNWIs with up to $5m in assets are interested in private alternative investments. For the very HNWI with up to $30m in assets that figure rises to 53%.
Of the five avenues to enable access suggested by Bain, the first is intermediated feeder funds from big names like Fidelity, Goldman Sachs, UBS and others.
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