Private equity groups warn of mis-selling as sector opens up to individual investors
Surge of investment has raised concerns about whether advisers adequately explain illiquidity risk
Surge of investment has raised concerns about whether advisers adequately explain illiquidity risk

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

Firms are still struggling to deal with a lack of exits from their investments

Popularity of evergreen vehicles with wealthy individuals could ‘fundamentally alter the landscape of private equity’

Firms are struggling to raise money even as they offer discounts to attract new investors

The sector’s pitch has worked but the next challenge is persuading investors to stay

For some observers, the rapid rise of this asset class invites unsettling historical comparisons