Today's Private Markets
Infrastructure Wasn't
Built for What's Coming
Private Markets are Moving into the Wealth Channel
Managed accounts are becoming a primary path for bringing private assets into client portfolios. As adoption accelerates, private market transaction volumes are expected to rapidly increase.
U.S. Managed Account Assets
Based on Cerulli’s 2026 Report
Private Market Allocation
Assuming 10% managed account asset allocation
Private Market Orders
Assuming a $10K average investment as minimums decline
The Next Order of Magnitude
Managed accounts alone could generate approximately 160 million private market orders—more than 1,000 times the estimated 150,000 orders processed annually in recent years.
At today’s estimated 8% NIGO rate, that would translate to nearly 13 million exceptions requiring manual review and remediation, making today’s operating model economically unsustainable.
The operating model that got us here won’t get us where we're going. We need a new operating model built for the scale coming.
The Next Generation Operating Model
The future of private markets requires more than incremental improvements. It requires an operating model that brings private markets into managed accounts while enabling transactions to move efficiently across the ecosystem.
Take a look at our Private Markets solutions: Altic and PM+ from InvestCloud. Together, they create the foundation for what’s next.
Capture the Opportunity
Explore why the next phase of private markets growth requires integrating private markets into advisor workflows, and why an operating model transformation is essential to achieving it.