Why everyone is trying to sell you private assets right now
Wealth managers are keen to promote semi-liquid funds to a new group of clients
Wealth managers are keen to promote semi-liquid funds to a new group of clients

Talks with private capital firms have focused on operational hurdles for retail customers

Surge of investment has raised concerns about whether advisers adequately explain illiquidity risk

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

Policymakers should act to ensure greater transparency of the increasing amount of private transactions

When the going gets tough, investors are struggling to find a place to hide

Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks