White Paper: Scaling Private Market Distribution in Wealth
Clearstream & Oliver Wyman White Paper
Private markets are poised to be a major growth engine for wealth and asset managers, particularly in Europe, if the industry can scale distribution beyond today’s bespoke, operationally heavy model. Product innovation (e.g., LTAFs, ELTIFs and semi-liquid/evergreen structures) is expanding addressable demand across wealth and retail channels, but the real unlock is industrialising the distribution ecosystem.
In this white paper, " Scaling Private Market Distribution in Wealth: Why Industrialized Distribution Rails, Not Product Innovation, Will Determine the Next Phase of Growth", Clearstream and Oliver Wyman explore what it will take to industrialize private market distribution.
What the paper explores
- How modern operating models can support the next phase of private‑markets growth
- The role of standardized data and connectivity in enabling scale and efficiency
- Why stronger advisor enablement is critical as private markets expand into private wealth
- How to embed liquidity, suitability, and risk controls without sacrificing growth
Why it matters
- Private‑markets AUM is projected to reach ~$26 trillion by 2029
- Institutional allocations are largely in place—future growth will be driven by private wealth
- Private markets now host ~6x more companies than public markets, reshaping access and opportunity
The challenge
- Evergreen funds, ELTIFs, and digital platforms are broadening access to private assets
- But liquidity risk, operational complexity, and market fragmentation remain key constraints
- The question is no longer whether to scale private markets—
it’s how to do it safely, profitably, and at scale
Explore Vestima Digital solution
The themes explored in the white paper are also reflected in Clearstream’s Vestima Digital offering for private markets. The platform enables asset managers and general partners to distribute private market products more effectively, combining automated processes, enhanced data access and a robust global distribution network to improve efficiency and transparency across all fund asset classes. Learn more about Vestima Digital here.
For any questions, please contact us at private-markets@clearstream.com.