Flow Tracker: Takeaways from industry contacts on private markets in wealth

研报英文原文证据摘录

Flow Tracker: Takeaways from industry contacts on private markets in wealth

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Flow Tracker

Takeaways from industry contacts on

private markets in wealth

Industry Overview

Positive on long-term private market adoption in wealth 29 June 2026

We discuss key takeaways from our contacts with management teams, industry Equity

participants, and gatekeepers in private markets on private wealth. Experts remain Pan-Euro

positive on the long-term prospects of the asset class and see current outflows from Other Financials

private credit evergreen funds as a rebalancing episode. Negative sentiment is driven by

headlines in liquidity being extrapolated to credit quality, particularly in software. Hubert Lam >>

Research Analyst

Fundamentals have not deteriorated but uncertainty and tight spreads are likely to MLI (UK)

pressure outflows in coming quarters. That said, inflows in private equity evergreen and +44 20 7996 7112 hubert.lam@bofa.com

real estate funds have been more resilient, offsetting redemptions in private credit. Christiane Holstein >>

MLI (UK)Shakeout in evergreen sector +44 20 7996 1011

Recent redemptions leading to gating is viewed as a clearing event where capital was christiane.holstein@bofa.com

misplaced, as investors chased after short-term yield differentials in private vs. public Conor Callaghan >>

markets. The current dislocation in liquidity supports the long-term trajectory in private ResearchMLI (UK) Analyst

markets with benefits seen in their illiquidity premium and the fiduciary duty provided by conor.callaghan@bofa.com

gates. Evergreens are expected to grow above the industry with demand expanding into

institutional and insurance channels. We expect redemptions from some evergreen funds